administrators are accountable, page-4

Toll has received a red card for engineering respect and business acumen and there is no next game !

It is easy to gain respect when other people's money is initially being used and when you have spruikers joining the spin wagon in a bull market.

Totally agree about FH - this is a nice little fee earner for them. They should be out there working more closely with the Chinese side of the JV to find a solution to relist or some cents per share.

CMR Directors have been talking about the value of the inferred resource well before Toll came to this Company as they were quietly selling their shares.
This isn't a simple gold project - it is very complex polymetallic metallurgy and even if a couple of different technologies MAY work and MAY be ultimately economical it takes a massive investment of NEW dollars and time to get to the point of project commitment/construction.

If anybody out there wants to develop the sulphides and play ball with HNC/Minsmetals then they would be very unlikely to help existing CMR shareholders given the structural mess and that massive amount of new money that would need to be spent on metallurgy, engineering, pilot plants etc.

Therefore I think negotiations with HNC/Minsmetals represents your best bet to bring this saga to a close and get something for it.

You will then show the regulators in this country how useless insolvency practioner like FH are in situations like these.