No need for shareholders class action.We should not forget there...

No need for shareholders class action.

We should not forget there is an authority ASIC, who's fully responsible to monitor any misleading announcements released on ASX and protect the consumers, investors and creditors.

ASIC must have noticed company's announcements with heading, like:

“PORPHYRY SYSTEM CONFIRMED AT CRATER MOUNTAIN, PNG”
(14/12/11)
(Assay results from first 1000m+ deep hole NEV027 to be received by Christmas)

Porphyry System was confirmed even before receiving the assay results. And GOA jumped from 1.7 to 3.3 cents, and GOAOA from .4c to 1.2c.

“Jolly Tar –substantial graphite potential”
(1/03/2012)
Jolly Tar prospect shows that wide zones containing
between 21 and >50% graphite are noted to be present in the footwall of the gold zone.


But unfortunately shareholders could not find even the word “GRAPHITE” in the Alpha Securities Research Report released on 21/06/12.

At present all shareholders who were also holding company options have lost their real money not the paper money. Particularly those SH, who supported the company with raising $1,287,000 in the recent share purchase plan and paid 2c for a share + free option, whereas they could easily have bought cheaper in open market. They lost their options in just 2 months time, due to very short expiry date.

In this whole drama, Bergen is the only lucky one, paid $1.6M for the face value of $2.05M.

Out of the face value of $2.05M, so for they have spent only $300,000 and have received 58.33M shares, and 13M options with 3 years expiry. Now they will take even more advantage as the share price has touched .6c. Even from the first tranche, Bergen has the balance of $1.75M to exploit.

S/holders paid $1,287,000 and received 64.35m shares + 2 months expiry options. And after few weeks Bergen paid $300,000 and received 58.33m shares + 13m options with 3 years expiry.

But as per johnbeau's advice we will:

Every morning and every evening, repeat the following: