review

I think all that needs to be said, have been said in the announcement. They have also fired the CEO responsible for this debacle. It snot ideal but my fingers are xed.

I trusted Jinchuan to relist us last yr and they did whilst KPMG advised us to accept 1.5c per share in 2009; Jinchuan could have given us, long termers a raw deal when they held all the aces, but they did not. The credibility of Chinese controlled companies in western markets is being tested here. Jinchuan swore by Albidon and indicated that Albidon is their acquisition vehicle so quite a few people are watching.

Jinchuan has also acknowledged that we simply cannot continue trading with these convertible notes and these issues as the SP would just continue to tank. The issues being addressed include, independent board constitution, management structure, shareholding, covertible notes et al.

Lets hope we are all happy come 10 October 2011. My fingers are xed.