How come Latin Gold was wound up because of an agreement supposedly made in 2008 between IGS and OCRA - sounds like some sort of misspelt whale ate TS and spat him out.
I note that they have director's insurance - because how could some agreement 10 years old bite IGS on the backside - did the directors know about this agreement? - if not, why not? - CLASS ACTION ANYONE.
Phillip Grimaldi was a director TS would be very familiar with - famous in legal case law for being a director while not being a director.
This may bite TS.
The company is worthless - nearly $4m in debt- only asset is shares in Santa Fe - worth about $1.6m - should just about pay the directors' fees and rent (to you know who!).
IGS Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
