There is not enough information in the AFR article to know what is going on.
I am not sure what is being alleged with the RED 5 shares. RED 5 received their shares on 31 August 2018. So what has that got to do with FY15, FY16 and FY17. Also if Andrew is the only shareholder, then surely he has to or RED 5 has to pay the tax on RED 5 performance shares (FY19).
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JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
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