One thing i just don't get is how this all came unraveled with no-one from the asx / asic investigating .
.
ANW purchased the equipment to mine Granville ..... from memory a rusty old clapped out crusher , an excavator and a rock truck ( plus some other previously owned equipment/vehicles ) and told us mining was ready to commence . Shortly after we were told that the truck and excavator had broken down and required parts and repairs which was going to delay things .
Now bear in mind that had the equipment NOT broken down ANW would have apparently been mining Granville from that point in time.
So basically we were still in a position to mine as soon as repairs were done .... months went by and then suddenly Granville was a dud and not worth mining and was to be sold off .
SOOOOOOO how did Granville go from a ready to mine site ( obviously with reasonable grades ) for which equipment was purchased and millions spent on assessing the ground to a worthless piece of land which was suddenly not worth the effort ??? Tin prices at that stage hadn't fallen a lot in between ..... we are ready to mine and we won't be mining Granville it's worthless .
Unless ANW was being less than upfront about the situation ..... how do you get from yep it's a goer to no it's pointless and worthless without the relevant authorities taking a very close look at it ?
.
That being said i think chatter about lawsuits is pointless .
All of the above is only my opinion.
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Mkt cap ! $1.916M |
Open | High | Low | Value | Volume |
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0.8¢ | 3266090 | 5 |
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8 | 4265911 | 0.006 |
12 | 6150194 | 0.005 |
4 | 1549995 | 0.004 |
2 | 1699995 | 0.003 |
2 | 1300000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3266090 | 5 |
0.009 | 441740 | 2 |
0.010 | 1169471 | 4 |
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