nyuni #2, page-6

Lots of money seems to have been/about to be misspent on UK assets and companies to my mind. Both the UK acquisition and Zeta are UK acquisitions. Aminex UK also dumped their KEY shares quickly.

Makes me wonder if a bunch of well connected UK citizens aren't merely using KEY to gut money out of Australian investors and then reverse all their debt into the shell at the end at an inflated price. If my interpretation is correct then the next step would be to sell the (likely) viable assets (TZ/Suriname/Italy) to another UK company at a knock down price just prior to letting KEY go into admin with the 2 million dollars of debt we are about to purchase for up to 30 million dollars.

Does it remind anyone of any other company being spruiked heavily on HC at the same time?

ASIC is giving that company a hard time now, but this management team never even get a query after multiple cap raisings and repeated failure to deliver.

Anyone know if current/former management have close ties to the UK? Similarities make me wonder if someone went to school/uni there and is part of a secret handshake club that does this over and over again as a business model to fleece Aussie retail investors?