It comes down to an unscrupulous board giving cheap shares to their mates.They have been very easy on the facts and truth,IMO
Unfortunately, the toothless tiger ASIC won't do anything about it and these cowboys get away with it.
They only did the SPP to appease some shareholders who think they would miss out and they know it will be voted down but their mates still get their 12c shares.
This stuff happens far too frequently these days.
QOL
queensland ores limited
too much value being given away, page-4
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