I just hope the company sets aside the required millions to take legal action for what has happened.
These people are hiding behind the view that no one will actually do that.
I suspect that action might actually take place.
It is totally outrageous for the events to have unravelled in the manner they have.
bitzer you reinforce what I am saying about a DFS, mate, this company's DFS will come out the end of a mining plant and in the form of dividends to shareholders.
So far, sticking to the rules of the ASX and the finance world, in general has only led to grief.
Someday I think the JORC will be examined by a group of barristers in a court room and each and every person who was responsible for its formation may have to answer as to their input.
The argument about being conservative and the view of scientific fact, may be shown as being non compatible. There is a concept called minimum and maximum.
You can have all of the legal get out of Gaol cards in the world but at the end of the day fraud is still fraud.
If this company generates the type of money it may, then the legal tab for what I suggest would be peanuts.
We had Tasmanex and Pysudian and they cleverly work up a JORC so as to still be able to milk the system.
Considering what is in the ground at Rocklands and the drilling the company did to put a figure on what is there the estimation that was announced on Aug 18 by a valuation forced on the company by others is nothing short of a sham.
We are still well below the share price pre August 18 date.
There is a stink about this operation of trading in securities that defies what I consider proper conduct.
False evaluation
Shorting
Washing of shares back and forth.
More shorting
Vilification of the MD'd character by almost the entire finance industry
Manipulating hiding behind unknown fronts.
Max has tried his best but to no avail. The only way to get this done is to spend the dollars.
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