Peteey - my sources tell me that the iron ore tenements came into Venus via Brenton Parry, the same individual that brought them to UMC from DFD Rhodes. Who is a common director in VNS and UMC. Have a look at the top 20 shareholders in both companies, many are common to both. Fehlberg on both to start with.
Big dodgy alert to me. Big conflict of interest, and director fudiciary duty needs to be questioned and investigated here.
