agree with you wholeheartedly, the complete silence during the entire process was like the share holders were zero % considerations.. it was like the whole thing was planned and it never involved giving ASX holders a cent.. we got scammed looking at the meta data, i wonder how far out they knew we were going to shut down the entire operation and lockup our equity likely never to be returned? Arent the ASX more liable given they allowed a relist, shouldnt there of been greater scrutiny to protect holders the second time around, how come there is no overseeing body that can help us --- its shocking that collectively we are down millions and nothing is being done to help us.. this is no ordinary company gone bad story imo.. this needs to come out in the light!
No assets have been sold, if they are to be sold now (when the operation would be making money!) then there would surely be a tidy sum fetched.. therefore we are getting fleeced if we are not the beneficiaries of a payout.
If there was known downside risk, it was gross negligence of the part of management to upgrade the tailings dam and expose the company to additional risk when there was no immediate need to do so and it came with a huge cost.
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
