Ann: Retraction of Scoping Study Announcement of 24 June 2014, page-11

Yes lots of mistakes along the way. LMB were always drawing the longbow with that Scoping Study. Also the VTEM survey announcement wasn't signed by anyone! ASX normally pick these things up before release. I was surprised the scoping study went out.
Also the 2014 / early 2015 production dates released (Announcement 23rd May, 2014) were imo misleading.
Recent announcements have also lacked confirmation that Rod Williams / Norvale is still consenting to the use of the resource information as originally released. Rod Williams took over as competent person for the resource modelling in June 2013 (previously Seldom Smart from MineMap). Rod Williams resigned (2nd May, 2014) from the Board and sold shares (1st July 2014). Is Rod still the Competent person consenting to the use of the Resource information? It is not clear in recent announcements. LMB management might best consider having Runge or another independent consultant review the resource model and reconfirm the resource statement as Competent person or find someone internally to do this. Lack of Board expertise in these matters is a concern to me particularly at a critical time with ASIC / ASX discussions ongoing.