You should follow the history of a couple of TS's stable of companies:
KPR for one. KPR was the renamed CHM which won a claim of $25m from a matter against Murchison Minerals (MMI) for the misappropriation of mining leases and involved a bloke called Philip Grimaldi. This case is now taught in law schools as what not to do as a director/quasi director. Think Clive.
Grimaldi was pursued by KPR for millions, but went in bankruptcy to avoid paying money to KPR.
CHM/KPR had a contract with ILP (a litigation funder) to fund a claim against MMI, but CFE became involved and proposed to fund the MMI matter by lending $6m to CHM/KPR, to the exclusion of ILP.
KPR then bought into a manganese company on West Timor using $10m of the $25m. East Timor has the highest grade Mg in the world at over 49%.
CFE was paid $6m for supposedly loaning the $6m to CHM/KPR. However the CHM/KPR liquidator did a review of the finances and found that CFE was not entitled to the money as it had not lent the money to CHM/KPR and this is reported by the liquidator.
ILP sued KPR for breach of contract and won a $10m damages claim - this was a High Court case. KPR entered into an agreement to pay the money. Unbeknown to shareholders, CHM/KPR ceased paying ILP and ILP wound up KPR.
Interesting of the $10m paid for the Mg mine in West Timor, $6m was in a joint trust between KPR/CHM and the West Timor company which was supposed to fund development. That money disappeared. It was not reported where that money went- it could have been the West Timor company that used the money.
Another matter is Latin Gold - but do your own research of this fiasco - The Raven is fully versed in this matter. Over to you Raven.
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Last
6.3¢ |
Change
0.005(8.62%) |
Mkt cap ! $69.39M |
Open | High | Low | Value | Volume |
6.1¢ | 6.5¢ | 6.0¢ | $245.6K | 3.873M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 94967 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 5312 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 94967 | 0.063 |
2 | 397444 | 0.062 |
1 | 33336 | 0.061 |
2 | 358644 | 0.059 |
1 | 300000 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 5312 | 1 |
0.065 | 350000 | 3 |
0.066 | 385000 | 4 |
0.067 | 729417 | 4 |
0.068 | 100000 | 1 |
Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
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WEST COAST SILVER LIMITED
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