Ann: Director Appointment/Resignation, page-58

The clz story is a combination of exploitative share manipulation practices ie the consolidations, which massively destroyed their exising shareholder's wealth .

Also the unrelenting below market capital raising, on and off market. Emerald only paid $660,000 for their Gekko
CLZ did a deal with a family member for over 3 million , with a company headed by a family member an 18-19 year old teenager , straight out of school. they drove the share price 3 times to a tenth of a cent with no buyer . It was all these , things and a hundred others , that made this incredibly badly managed company , eventually suspended from trade because they refuse to submit the last quarterly Activities & finance report.

Good luck to EMC but seriously after CLZ's experience with the Gekko , EMC better have a well devised strategy to pull it off .
But at least EMC is dealing with undergound ore grading 16 gpt with no overburden, unlike Kat Gap ore of 1.2 gpt with 10 mitre overburden .
EMC may not have the funds to refurbish the Gekko-guess we'll see.