"During the half-year, the Company significantly scaled down its expenditures regarding the Western Australian tenements. The tenements are to be divested to ex Director, Michael Povey in a sale agreement reached as part of his settlement arrangements"
"A Deed of Settlement and Release between the Company and ex Director, Michael was finalised. The key terms of the settlement are a cash component of $100k, the issue of 1,666,666 shares and divesting the portfolio of Western Australian tenements in a sale agreement."
absolute kick in the guts to shareholders what Povey's golden handshake cost them.......I don't remember voting for this?
"The Company settled an outstanding loan of $1.5m owed by a debt/equity swap and will acquire
equity in a UK based Company that has interests in a Uranium Project in Kyrgyzstan"
......remember the mick manynames and borat ring ring post?....
glorious state of "Kyrgyzstan".....
nothing surprises me with this lot anymore!
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