cheers chinkiat."He conceded that Mr Amzalak traded "a very,...

cheers chinkiat.

"He conceded that Mr Amzalak traded "a very, very little bit" of the $30 million that Merrill Lynch -
which is also Allegiance's defence adviser - had raised in December for exploration."

how can you trade a little bit and lose $8 mill?
does that mean he traded $10 mill and lost $8 mill?
What is a little bit of $30 mill?

those funds were raised for drilling and they took the money to the track and punted it.

Management should bite the bullet here and do the decent thing. They are so flipant about the loss of AGM shareholders money that its scary.

cheers andrew