MCT 0.00% 0.2¢ metalicity limited

Well folks, it appears to me that the most important issue in...

  1. 1,246 Posts.
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    Well folks, it appears to me that the most important issue in
    this saga is being ignored or overlooked by the NME SHs
    and that is the comment made by the panel in regards to 'the orders
    on page 3 of the ann.

    8. Nex Metals must immediately advise the market of all of the following:
    (a) that its target’s statement lodged with ASIC on 29 October 2021 is
    misleading and contains material information deficiencies.

    In my opinion the Panel is saying in a nice way "You have lied, so please
    correct that lie.
    The implication of this may be misconstrued, that the NME BoD may have indulged in
    deceitful and dishonest practice, if so, this could yet turn out to involve
    other legal processes.
    The omissions and deficiencies in NMEs statement may well have been a
    genuine oversight, if so it has taking forever to admit such an error and
    the incompetence and correct the problem.
    It is yet to be seen if ASIC looks at this issue from another legal angle.
    NMEs submission to the courts doesn't raise any confidence, when
    one looks at the submission to the Review Panel.
    As always just an opinion and a different point of view.



 
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