I bet the legal fees being paid to facilitate this sale are...

  1. 572 Posts.
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    I bet the legal fees being paid to facilitate this sale are significantly greater than a nominal amount.

    $1.7M in corporate costs for a Company that is little more than a shell.

    We don’t want many more quarters like this.

    They created a demerger we didn’t need to create. They retained shares they should have distributed. The Cowden/Borg/Hepburn board made some decisions that look very poor in hindsight.

    They were producing and selling gold yet millions have disappeared. The business in Mali is well beyond the reach of Australian authorities. This is probably very convenient for past directors. We had a bird as the Company emblem, a demerged company named after the lion and it looks like we had chimps in West Perth doing the accounts and overseeing operations on another continent.

    Barrick must still be chuckling at Cowden and I bet one or two African guys have large balances in offshore accounts and are sitting back swilling scotch, toasting the two doctors.
    Last edited by Pseudo19: 13/07/23
 
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