yes its quite strange isnt it that any of the governing bodies ASX or ASIC are not taking a closer look into this ..... i mean the numbers tell the story ...... why was that tenement purchase rushed through giving a hostile >6% share of the company each to two parties in an attempt to swing what would have been a landslide vote of no confidence in the board . i like many shareholders i would imagine can not see any benefit for the company in purchasing that new tenement . now they have a piece of dirt they don't want and two hostile shareholders each having a 6% stake in the company . i would seek some legal advice on whether it is actually valid under the proper purpose doctrine myself.
the shares are subject to escrow for 12 months i would try and unwind it if it were my call.
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