conti borrows over 2mil from range resources.

Note 13: Related Party Transactions
During the period 1,000,000 (Post share consolidation) Directors options exercisable at $0.75 on or before 31 December 2013 were issued to Non-executive Director James Leahy.

During the period, Continental Coal Limited entered into a loan agreement with Range Resources Limited, a company which Peter Landau is a Director, in which $2,115,210 was advanced to Continental. The loan is interest bearing and repayable in Australian dollars on or before 30 June 2012."

Now why would they do that given there position?

Maybe a new thread will draw out some comment.

Comments please. Its a forum we discuss.