Corndr, I take your point. But I think it is water under the...

Corndr, I take your point. But I think it is water under the bridge. This cock-up was not a one man effort and I question the level of influence the director had.

Moving on, I believe ADX is well undervalued at $10 mil AUS.
ADX model is unworkable.
Good assets, Low low cash reserves, enormous slow work rate
and all the bull/s that goes with it. Time in any case will kill us!!

So the first step is to ackknowledge the model is broken!!
The blame game is rear vision stuff.
Yes,we got conned, but the market would say that's the way the game is played. Retail investors screwed again.

Today, I will be sending an email to Mr Mahdi Sajjad,
cc Gulfsands corporate department proposing the following.

1) Gulfsands consider a merger/takeover of ADX.
2) Due to the difficulties Gulfsands is experiencing
(Syria-need to conserve cash), ADX shareholders may be
interested in a takeover fully funded by scrip.
3) Price is all important. ADX is cheap at $10 mil AUS cap
value.
4) ADX shareholders would want some means to trade on the
ASX.

Gulfsands may be tempted to due due-diligence.
It's a long shot.

I wonder what the corporate departments of RAG and OMV are doing right now???