That article cherry picks only some companies that they have been involved in.
There is also Haranga, Wolf Petroleum, Lindian Resources, Castillo Copper, Voyager, Waterberg Coal company, Eumerella and Caravel. Most of those companies are cactus!
There are an unbelievable amount of shares for this company with no real prospect for existing assets to be developed.
The recent placement was only just enough to pay back the recent 200k loan due for repayment by christmas. Perhaps a reverse IPO here but this company should have shut its doors a long time ago. Paymnet of director salaires has continued and they havent done anything for over 18 months.
Ann: Half Year Financial Report-HAR.AX, page-15
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