Yep, I am completely accross that, this is how these pigs work. Falsely promote a dud asset, claim some great discovery was found then raise capital to apparently fund further exploration then spend the proceeds on OpEx and buying more toxic assets and losing money in writeoffs.
Funny thing is these pigs are not copying anyone else who have run this scam before, they are doing the same thing they have done many times before!
This is the Four Corners program you are referring to:
Similar apart from the fact that these pigs actually did some work but made more interesting because of the murders, etc.
http://www.abc.net.au/4corners/content/2008/20080602_bad_company/interviews.htm
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