I put in many complaints to ASIC about this company over the Old Pirate debacle, it was escalated to a review mid 2017 about the influence of a certain director (I think he was one of the APAC crew) and the decision to ship the ore from OP to the TAM mill.
Of course ASIC did not act, I got out at 9c, I only lost a couple of hundred, but I tried hard for those who lost heavily. The company had a mine plan and a plan for the future per the 2013 annual report which was tossed out the window in 2014, this should never have happened. Now with dwindling cash and a possible CR looming, my thoughts are that legal advice for those who lost heavily maybe worth pursuing IMO.
What was a written plan in the 2013 annual report and what the company actually did are so far apart from reality, now they have not recovered from their actions of 2014.
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