Hmmm
"The disciplined low cost focus of the Company is clearly evidenced by the relatively low overall total expenditure in acquiring, exploring and developing this large gold asset to
its current stage."
This should read " We have dragged this project out for over 20 years and have kept our personal and MLs family coffers well lined by slowly emptying the pockets of the long suffering holders and unsuspecting "Sophisticated Investors" while actually spending little on getting the gold out of the ground which we know is there but the rock in which it is contained being 200MPA is making it very hard for the blokes using the mining picks."
"Further, the total liabilities of the Company as at 31 December 2009 totalled less then 8.5% of total assets."
However in the event of receivers moving in the the assets will probably be worth 8.5% of total liabilities.
As I am presently on holidays spending up big please feel free to contact me once the receivers move in so I can remain at my undisclosed location in a place that has no extradition treaty in place.
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