GBE 0.00% 5.1¢ globe metals & mining limited

Ralli9999 this comment alleges that ECE knew in 2013 that it was...

  1. 487 Posts.
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    Ralli9999 this comment alleges that ECE knew in 2013 that it was very unlikely to get another capital raising (CR) approved by the Foreign Investment Review Board (FIRB) and that, as a result, they put the Kanyika Project (KNP) on hold.
    The comment also alleges that ECE used a "trick" to acquire control of GBE through a company called Apollo, and that they are now in control of over 80% of GBE shares.
    The comment does not provide any evidence to support these allegations, and they seem to be based on speculation and conjecture. It is possible that ECE did know that it was unlikely to get another CR approved by FIRB, but there is no way to know for sure without access to inside information. Similarly, the comment alleges that ECE used a "trick" to acquire control of GBE, but there is no evidence to support this claim.
    The comment also states that ECE and its associates will soon hold over 80% of GBE shares. This is based on the assumption that ECE will acquire all of the shares that are currently held by Apollo.
    However, there is no guarantee that this will happen. Apollo could choose to sell its shares to another party, or it could choose to retain its stake in GBE.
    In conclusion, the comment is based on speculation and conjecture, and there is no evidence to support the allegations that ECE has acted improperly.
    It is possible that ECE has done nothing wrong, and that the KNP is simply not a viable project.
    However, it is also possible that ECE has engaged in unethical or illegal behavior. Only time will tell what the truth is GLTAH
 
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