Firstly, I think you mean Cartesian not Cardesian.
“the thief was Cardesian the debt holder who had $US30m owing to them. They would come every 3 months stealing 1,000 ounces leaving the house empty.”
?????
That’s my point exactly mate.
It was the debt and way management did it that has driven this company into a dire situation.
“One of the key issues shareholders raised with the ASX is former managing director Jeremy Gray’s connection with Orinoco’s largest creditor, Cartesian.At the time Mr Gray was heading Orinoco he was also a large shareholder in Cartesian. Orinoco had disclosed this fact in the fine print in one of its announcements, but many shareholders weren’t aware of the connection.”
