Ann: Update from Receivers and Managers, page-101

It also makes no sense that he could later profitably mine UG at around 2 gram a tonne , but he believed it , there were many red flags on his supposed ability to analyse simple data and determine financial viability .
Really just looks like lack of competence in financial management , probably a really nice guy at heart and not a scoundrel like some infer , doubt there is legal redress for lack of competence though .
Board is just as culpable as DR , they should have recognised earlier his lack of competency .