RDS 12.5% 0.4¢ redstone resources limited

Excellent spot Haime. You are correct on the association between...

  1. 33 Posts.
    Excellent spot Haime. You are correct on the association between Mr Povey and the Ailakis brothers and Anthony Ailakis in particular. A combination I believe of Povey being the front guy and the Ailakis' doing the legals and admin stuff in the background. The former M39/101 (now M39/701) was obtained via a successful plaint this way. Ironically, this tenement is now itself under plaint by Westgate Nominees, whose sole director is Stephen Gardoll. Mr Gardoll is a long time friend of Rodney Ailakis, and is also sole director of Bullrun Investments Pty Ltd, formerly a significant shareholder of RDS. From the recently released Annual Financials for RDS, Bullrun held 3.92% of the issued shares of the Company. At the time of the RDS IPO Bullrun held 13.28%.
 
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