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I am so glad to hear BB is still around, was worried that he may...

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19/01/16

22:08

Post #: 16828208
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Originally posted by figjamm ↑

I'm sure most of us would like to see a thorough ASIC investigation in to the feasibility studies done in the past.
Query? Would it be illegal to continue trading and taking people's money in placements if an early study showed the project wasn't feasible?
The investigation we'd all like would also be into whether shares were sold by people who would know that the studies weren't going to come up looking like roses, but until they're released, IF they're released, that's a moot point.
A friend of mine did call the office recently, and Bruno called out to the effect that the rights Issue is not happening until further notice, so don't ask. That isn't exact words, so only as reported.
With no Rights Issue and another Rich Lead, or McCrae led placement, I wonder if Bruno and co could take it private.
ASIC need to get in before that imo.
Query2?
Would it be illegal for ASX/ASIC to allow it to trade now if they believed it could be a non feasible project at this stage that should be mothballed, so new investors weren't buying a ticket to disaster?

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I am so glad to hear BB is still around, was worried that he may be floating somewhere in Carrara/QLD canals.
Now awaiting some updates from CDU, with huge anticipation

CDU Price at posting: $1.11 Sentiment: None Disclosure: Held
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