alexander asic & liability

ASIC looked at Alexander back in 2002-3 .They officially stated that in order to prove securities fraud they would have to establish a pattern of ommissions and misrepresentations over time. They did not have the resources or evidence to prove this. If they are serious about their statutory function to protect investors from charlatans then MSC is a textbook analysis of 10 years of ommissions and mosrepresentations. The critical misrepresentation to investors which opened spigot to the con financially was the totally doctored data on the SR plant for the valuation by Hall Chadwick .Had the real costs of the investment and the real operating costs been revealed the place would have been closed tout suite . ASIC should probe this in particular and interview the ex Comalco GM at the time whowas GM at SR whose real costings would have cloese the place.Instead he was sidelined and blighty unemployed ex English China Clays so called experts were then salvaged to toil under the midday sun ..until a litany of these guys could not take the fairy tale and spin and the lucre ran out . The whole charade has given kaolin a really bad name down under.