I'm told if we go back far enough in our genealogies, we can trace a connection to four main family lines.
I personally believe Perth mining circles are no different. In the spec space, you will find an almost incestuous relationship between many companies and their projects. At some stage you will find common links between directors of various companies and their cronies.
As funding in this space is extremely difficult, the same players appear over and over again.
I'm not trying to justify what goes on, just merely pointing out that this is an industry wide problem.
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