cash backed with 3 nickel projects, page-6

This would have to be one of the biggest scams ever listed - definitely my worst ever share purchase. The management have systematically wasted every dollar raised. At least they will never be able to raise a $ again from unsuspecting punters. With partners like Proto and Metallica its not surprising that this has died a death - Incompetence keeps good company.
They seem to be cleaning out the assets of the company to sell it off as a shell. Lets hope they are able to recover some value for shareholders and that the new operators have some plans for the company. It must me a major embarrassment for the directors - some who seem quite credible. The issue squarely lies with the MD - I saw him present 2 years ago and was not impressed. Definitely a gold coast spruiker.