thanks 123enen!Fascinating reading.for those who didn't...

thanks 123enen!
Fascinating reading.

for those who didn't understand the relevance of my earlier Chameleon Mining/Greg Barnes post in this very thread, the transcript clearly spells out one important repurcussion to Westrip/GGG from Barnes' Chameleon shenanigans:

excerpt from transcript..."another Australian mining company" being Chameleon Mining :


34. Mr Barnes was a director of another Australian mining company, and in that capacity had become embroiled in proceedings in Australia. It was those and associated proceedings that had triggered his resignation from the board of Westrip nine months earlier. Westrip sought legal advice on what Mr Barnes' ongoing role in the company should be. On 15 February 2008 Morgan Lewis, US lawyers, advised that Mr Barnes should, in effect, take a back seat during the pendency of the Australian proceedings. They gave their advice on the basis on a number of assumption, recorded in their letter of advice, one of which was:

"Mr Barnes is a founding shareholder of the Company, holding an approximately 15.0% voting stake, with additional preference shares which may be redeemed in or about September 30, 2008…"

Mr Barnes was sent a copy of their advice on 10 March 2008 or thereabouts. Shortly thereafter Westrip's board split into two camps. Each camp was, at least on the face of it, engaged in attempting to raise finance for Westrip.
[end]

PS lory - Rod McIllree may resume posting, u never know - but some coaching from PR fixer Mr. Magoo Mr. McGlue might not go astray.