Catsoulis no longer in control of project.

Hi All

Once again TMZ gets a mention in the Week Australian today.

There is a long article by Cameron England that states " Resources spruiker David Catsoulis has lost control of mineral tenements in QLD that he has been promoting as holding "trillions" of dollars worth of ore, although he flatly denies this is the case and says the government backs him 100%''

The article goes on to say: "Thomson told the ASX last month that due to Warwick failing to get ministerial consent to transfer the tenements before the end of 2023 the sale agreement had been terminated.
The board of Thomson is now considering its position with regard to the Texas Silver Project and will advise the market in due course, the company said.
Mr. Catsoulis said Warwick owns the title beneficially."

The full article is worth a good read and concludes with the following paragraphs:
"The Weekend Australian is yet to come into contact with any shareholders who have made money from investing into this or in fact any projects with Mr. Catsoulis, but it has had contact with several who have lost money.
Mr. Catsoulis is being investigated by the corporate regulator, ASIC, according to sources.

Only part of the article which is on page 27 of todays Weekend Australian.

Read the full article and draw your own conclusions.

kippax