At the moment this is the best outcome for the public, because the company is unable to access anymore money from them on market.
Not that the market was prepared to give them much , judging by the uptake in the last cap raise .
To get reinstated to market, they would need to acheive a considerable amount , which as time goes on, looks more & more remote. It looks like it's being burried .
It is remarkable when gold is AUD 4,000 an ounce , such is their credibility.
Best they move on to the next venture , whilst maintaining as much cover as possible .
Their spokesperson , would be crowing if they were going to save it -but he also has no credibility & wouldn't be taken seriously.
The main-ones who might have benefited here were the noteholders, and those who got stock , below one-tenth of a cent , and were able to sell it to the public - but that game is all over while it's in suspension.
The stock is mortally injured as it has lost almost total credibility- 'game over, red rover'
And don't you agree , the regulatory aithorities will be happy to see back of this. They dupped almost everyone , And missed the biggest run in gold's recent history , just look at Evolution or Ora Banda OBM. The producers have been rewarded handsomely . Not some spec that issued , and then cancelled 46 billion shares by way of consolidation, who managed to only briefly sampled for gold.
An absolutely brilliant manipulation of ASX company law was what they excelled at
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After years of 'going to do this' , and 'going to do that , it becomes very tiring .
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