The story I heard was that after Cosmo closed the IPO fully subscribed Foley went to see ASX who then required Cosmo to get the permit before it could list. ASX hadn't required it as part of the pre approval conditions as purely administrative. They couldn't get it because the WA election meant there was no resources minister to grant it. Once they were forced to withdraw the IPO Foley apparently then plainted the tenements so they couldn't do another IPO or any other deal until they removed the plaint. Foley stretched it out for a year and tried to get money out of them to drop it but the Cosmo board wouldn't settle.
The story I heard was that after Cosmo closed the IPO fully...
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