asic and tax evasion

i figure that tax on sales earnings would be in the vicinity of 45% for Cu, and if you calculate the tonnage of Cu that might really be at the Redbank mine, thats big bikkies.

I have no idea if anyone pokes a hole in the truck or tankers at the port to check the grades of copper in the tonnes of dirt or if anyone is checking for cooked books and black money with this company, but this sounds very, very suss.

this happens in Africa with diamonds.

just think - RBM have been drilling since November 2006 and each drill project resulted in "significant new finds"

now... after all the new breccia pipes, they are toning down the resource amounts ? there are mammoth breccia pipes all over the shop. 6000 tonnes is rubbish.


I know the ASX are watching RBM because of all the complaints received from the likes of the HC bloggers, as they regularly purge the SELL stack, but maybe its time to express some real concerns to ASIC about this seemingly bogus resource disclosure.


MHO - DYOR