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megavlad

86 Posts.

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10/11/22

10:23

Post #: 64687642
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Originally posted by amb005: ↑

With the help from others on here found out some more info;

Turns out James John Del Piano controls Coniston Pty Ltd

Also James John Del Piano was a trustee of "Kalgoorlie Mine Managment"

That company used to provide the director services, taking consultancy and management fees from all these companies (SBR, MLS, GED.)

It was replaced by Corporate Resource Services Pty Ltd in 2021, that they use currently to pay themselves, .

They have been doing the same thing for decades, go go back to 2012, the Namibian assets SBR obtained were bought from James John Del Piano for $13m

Then we have sherlock bought off MLS by SBR, all under the same names, basically no change but more money given to the companies as the same owners and control remained, just shareholders paid for the switch of assets.

Managment fees, Namibian 2012, Chalco 2022 , Sherlock from MLS to SBR, all purchases are inter related, all shows how money is taken from shareholders and passed on to the management, and those really in control here, which in this case is clearly John Del Piano, who owns and controls whats happening here (owns over 14% of MLS)

Cheers mate, glad you get something from this, something for all of us to look into and hold them accountable, Im getting screwed by them through GED, but seems all holders of all three companies are getting screwed here.

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Is this legal? What is happening is criminal. Thanks for exposing this boys club. Explains why there is little leadership changes at the top... they don't want to relinquish CONTROL.

MLS Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.002(9.09%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.2¢	2.5¢	2.2¢	$81.92K	3.365M

Buyers (Bids)

No.	Vol.	Price($)
5	744917	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	360463	3

View Market Depth

No.	Vol.	Price($)
5	744917	0.022
4	876316	0.021
10	1512055	0.020
5	1152551	0.019
5	866665	0.018

Price($)	Vol.	No.
0.026	360463	3
0.027	1066523	5
0.028	362000	2
0.030	859052	4
0.031	288000	1

Last trade - 15.44pm 01/11/2024 (20 minute delay)

MLS (ASX) Chart

MLS Chart, page-506

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