The sooner this swindle is removed from the ASX the better. Just take a look at the chart since 1995.
13 years of bleeding shareholder funds on non performance and beat up events.
What a way to create a job and have a lifestyle of the rich and famous. Locate a patch of dirt on the other side of the world, surround it with spin and pay yourself $250,000 per annum plus performance rights with no criteria.
And still it continues. The spin just keeps on coming.
In 13 years time it will be the same story, more spin, more suckers like myself, more shareholder funds, another group of so called management take their cut and move on.
Who makes them accountable - the shareholder - he/she is powerless. Think about it. They are accountable to no one.
Its got nothing to do with mining. Its an outright sham. Its simply a scheme to create a money.
Take another look at the graph. Share price .029 cents today. 13 YEARS OF SPIN. Shareholder result 0. Management result $40/$50 million in fees
In what other industry could you get away with this performance.
AIM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
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