re: Ann: Mining Study Update - Yukon Base Met... Read this old thread and research the 'end' of this companies life and 'rebirth' as a warning to what could be next.
This companies project was also 'suddenly not viable' and it ceased trading at 7.5c. hundreds of millions of shares (and options) were issued for a new project at ONE TENTH OF A CENT.
The company resumed trading at multiples of one cent, and all involved were instant multi millionaires!
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=953461&msgno=4327016#4327016
If you want to really start having nightmares, follow the connections from this prior listing.
Curiously from memory, former assets were also worth around $30 million and the board valued the company at close to zero for the coal acquisition.
I am finding it hard to have any confidence in the future of OVR given the similarities I am seeing emerging.
Ann: Mining Study Update - Yukon Base Metal Proje, page-14
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