so the vultures got it,,let me recall how it happened,,,
plant starts getting built
problems start to appear
gt sells his shares
hnc sells half their shares guzzumping the share price $5-$4
project management team walk off
shareholders told 3 months later project team gone
shareprice goes down down down
shareholders told all is good...production is coming
ya global lend cmr money
gt lends cmr money
cost blowouts reported at an unbelievable 400%
shareholders told all is good...production is coming
warm fuzzy graphs of future earnings
administraters called in...
asic is missing in action..
ferrier hodgson makes afortune dragging it out over 30mths
shareholdres get nothing
dilution is massive
asic still missing in action
the man responsible for the f***up wins
the vultures[pirates] win...game over
anyone remember it any other way?????
welcome to the ASX
ASIC...A Seriously Insipid Commission
sentiment....asic A Seriously Isipid Commision
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so the vultures got it,,let me recall how it happened,,, plant...
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