Let us know if you do lodge a complaint with the ASIC & I will do so also. I've lodged a complaint before but unless there is a number of complaints nothing gets done.
I received a reply from the company - from Eloise (Investor Relations) but not Tim Turner. Basically it said "The Timis Mining royalty and loan is an ongoing management issue and the Company reserves its rights to act under the terms of the agreements"
So it appears,as we are not being given information we can only go on what we can dig up ourselves, that we gave Timis Mining $20m, he fronted up $6m for the mine, $400k to CFE for part payment of royalties & didn't pay the workers. That leaves Frank with $13.6m in his pocket + the profits from the $75m+ ore sales. But he can't pay the $2.6m outstanding royalties. So it's a given the $8m bridging loan will be rolled over.
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