ADD 16.7% 0.3¢ adavale resources limited

Ann: New Chairman Appointed , page-12

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  1. 2,984 Posts.
    An extract from todays's smh.com.au story of the on going ICAC saga:

    "Mr Brook told him he was working with Moses Obeid and Richard Poole on the deal. He said Mr Brook said he had ''sourced a couple of licences from the Obeids'' and that he had arranged for Richard Poole, who runs the boutique investment bank Arthur Phillip, to on-sell them.
    Mr Poole was one of the major investors in Cascade Coal, which was awarded the licence for Mount Penny, where the Obeids had earlier bought up large tracts of land. ICAC has heard that $7.5 million was transferred to the Obeids from the personal account of Mr Poole's wife, Amanda, in 2011.
    Mr Brook's emails also show the machinations that went on over attempts to offload both Mount Penny and Yarrawa (now known as Ferndale) coal licences, which
    were controversially awarded to a $1 company, now revealed to be a front for the Obeids."


    Read more: http://www.smh.com.au/nsw/broker-sought-350000-fee-for-coal-licence-20121202-2ap3k.html#ixzz2Dvkqj8NR

    Obviously Dick's mum never told him that if you lay down with dogs, you get up with fleas.
 
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