SEG is not on its jack Todd there. Unfortunately the resource sector is home to many such companies.
Personally I think there should be more attention to share performance by ASIC. After 6 years when the SP is as low as it can go and then for them to do a consolidation (just to be able to raise more money) is a joke. There should be a ruling against this happening unless certain conditions are made. If the MD was a coach of a footy team he would have been well gone by now and the club would be "re-building". It truly stuns me that anyone would invest anymore money backing this bloke.
The fact he and others like him get away with it for so long is actually very depressing and sad indictment of reality.
Ann: Multiple Gold Targets Identified at Barlee Project, page-95
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