82% of options converted by holders, page-31

Loki, you want to know what i think getting involved with KMC will lead to. It's this:

http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1691293&msgno=7854715#7854715

Now all you have to do is some research on KMC directors and you'll find the link between Rapallo, and KMC. You'll also find nuggets like this:

On the outer at Niagara, however, would appear to be current chief executive Christopher Daws.

Daws recently had a ban on him practising as a stockbroker lifted because it was stopping him getting board gigs. ASIC had him banned for deceiving clients, placing orders without their knowledge and profiting from them. Other authorities were more forgiving.

And Niagara chairman Doug Daws, his father, didn't think there was any problem hiring him as chief executive.

In getting the ban dismissed, Chris Daws presented a reference to the Administrative Appeals Tribunal. And words of high praise came from a federal senator, no less: Ross Lightfoot.

"He is completely trustworthy, handles my personal and company banking," Lightfoot wrote of Daws back in 2003.

Hmm. So who advised stashing all that spare change in a bag for Lightfoot to take to Iraq - along with a side-arm. And Lightfoot's list of pecuniary interests in recent months hasn't been as up to date as the PM would like.

Anyway, when Twig's team moves in, Chris Daws will go.

But never mind. His shares will be worth millions when he rides off into the sunset.

Could it be that Daws's background is too much even for Forrest, whom ASIC is seeking to have banned as a director.

Oh what a jolly world.



KMC don't have a mill, they have a large barrel that's rusting somewhere. They have a link to an engineering company that doesn't have a lot of fans, they have a mine that's unprofitable at record high gold prices.

If PXG gets into bed with KMC i'd ring up Jon and tell him what i really thought. I have no doubt that Jon will steer clear of KMC.