possible class action - afr 20/8/12 p.7, page-4

This all sounds like sour grapes and while the share price is down it is not as much as it would be if this had legs.

We don't know all the facts about his involvement and eventual separation from EMP and IAU.

Funny how he is speaking up now but had no real concerns about company disclosures over the last 2 years.

Sounds rather opportunistic.

I maintain that IAU did inform investors to the best of their knowledge and risk was disclosed in all of the announcements. It may have been a little naive to think that the Indonesian side was going to do things to the same standard and competently but that was an issue of faith.

I would of thought that if anything anyone who has a case should make a complaint to the ASX and ASIC in the first instance and then failing that should seek legal recourse.

I am not sure if Peter Willis is an IAU shareholder but this now looks like a vendetta for something unrelated and he is using IAU shareholders to do his bidding.

Cheers
BW