Having previously worked at the mine site (Batchelor)back in March 2008, I had the experience of seeing first hand the inadequate management at work. If you refer to my previous posts, I was always doubtful about the ability of management to get the mine making money.
CMR management were putting out updates in around the time I worked there with photo,s that did not even resemble the actual site. If the photo,s were dodgy, I would not be keen to believe anything written.
I think that all small shareholders are going to get pushed under the carpet as the majority shareholders & JVP are only interested in them selves. The will feel bad for the small investors for a minute or two but small investors are not a consideration for them.
The only question left is do you sell the shares pre June 30 to claim the loss in this years tax return.
Best of luck to all.
MF
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