Moving Forward, page-23

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Karadoc174

87 Posts.

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01/09/22

16:52

Post #: 63467533
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Originally posted by Ted15: ↑

Your bouncing around a bit Karadoc so I will answer your points one by one. The MD and directors have obviously fooled someone because they have been given copious amounts of money which he has utterly wasted. Not just with M8 but with all the previous incarnations of the same set up. They have had tens of millions of dollars and produced nothing but a trail of closed companies and millions owed. The recent balance sheet and prelim financials prove that in black and white, hard cold figures. Next point, The Tellus Holdings intractable site isn't mine as you suggest, the site is at Sandy Ridge and is within a Kaolin Clay deposit. The Tellus facility is classed as an intractable site. https://tellusholdings.com/services/permanent-isolation-solutions/ and https://www.auroraenvironmental.com.au/projects/sandy-ridge-kaolin-mine/ The web is full of the details, I attended the opening of the site and we send hazardous material there under WA Gov approvals. Fabulous site, an hours plane ride from Perth into their own airfield. Now your last point about the valuation, I actually commented that I wouldn't take the site on if I was given it for free, I didn't give it a valuation but if I did it would be nowhere near the $56 million price, thats ridiculous.And its Gingin, not Gin Gin. Next questions mate.

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So it seems that your West Australian ventures do not include any form of liner. Obviously your point of view is that the major shareholder is like a rabbit in the spotlights with the MD holding the spotlight. I am sorry mate but I do not agree that a successful businessman could be so misguided.
Do you have the major shareholders original investment value on hand so i can add it to the latest spend.

M8S Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Moving Forward, page-23

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