Australia's largest stock trading and investment forum Australia's #1 stock forum

EAR

Click for more information

0.00%

32.5¢ echo resources limited

Ann: Directors Statement, page-14

First 14 Last

Share
Profile

Follow
golden horse

528 Posts.

19/08/15

15:10

Post #: 15835713
Share

Originally posted by mustpow ↑

There is no smoking gun because it's unlikely anything fraudulent has occurred.

I can see some pretty substantial defamation actions after this episode.

Junior companies are always under pressure to maintain their tenement holdings. Under the mining act, many categories of tenure have expiry dates and can be difficult to extend. It is not uncommon in WA for people close to a company to arrange a "friendly" to secure the asset for the company's benefit.

At the worst someone may allege a related party issue if there was proximity, however if not even a peppercorn has changed hands and the intent of the parties was to benefit the company, the it's just lousy corporate governance - not the fraud that some people would seem to be alleging.

EK may have been frustrating to watch as an MD but he is no crook. At least this is his main focus and he is not distracted by myriad other board seats on under performing ASX companies. Be careful what you wish for with new board nominees.

Expand

I fully agreed with you .Mcintosh and 3 Amigos spreading rumors and lays for last 3 years

EAR Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

AI stocks: What to expect in 2024-25

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

There are more pages in this discussion • 1 more message in this thread...

First 14 Last

Add EAR (ASX) to my watchlist