So getting back to Mt Gibson our acquisition involves three private companies who seemingly did not get along from the start.
I haven't gone to the effort of isolating which of the above tenure we (CMM) have acquired, presumably >75%.
I also haven't isolated how much of the Extension Hill tenure above was held by them (Extension Hill) prior to acquiring the Legend tenure.
https://legendmining.com.au/reports/ASX20120111_MtGibsonSale.pdf
This must have a been fairly frustrating for Top Iron to say the least. But it only got worse around four years later.
https://www.geraldtonguardian.com.au/news/mid-west/debts-could-spell-end-for-top-iron-ng-ya-112894
So what about Extension Hill....?
http://www.dmp.wa.gov.au/Documents/Wardens-Court/2019WAMW16.pdf
Paid for the Legend tenements and did nothing with them. Crimson Metals were able to push the forfeiture and if you read the court ruling above you can hardly disagree with the ruling. I found it somewhat humorous.
So that leaves Crimson Metals.
When the media reported that Mark had been working on this acquisition for some time it was typical to his style of understating the truth. He may have been looking at this acquisition prior to acquiring Malagasy while he was still at Regis. Anyway that's speculation of course.
Enter Avenger
https://base.moboom.com/api/library/fetchSiteCollectionFile?id=42d8d050-2ef9-ccac-bc6b-54d1f6887442
I do this for fun and to validate my own investment here at CMM
Light bulbs not required
Cheerio
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