Just take one step back a minute. Pretty sure JEF is No.1 shareholder, or close to. that's a stack of super or "own money" that is decreasing with the SP. I know it was speculative, but to say the BOD knew that it would never be a success is taking it too far.
edit: held previously, twice in fact. made a bit, lost a bit more.
Ann: Galilee Basin Potential Commercial Area Decision by Qld Govt, page-10
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