I was merely pointing out that you cant make a false individual accusation implying He was personally involved with the case. We do not even know the full facts.
Yes, legal system in our beautiful homeland so called Australia is much better than Indonesia however we do not escape from corruption scandals either (look at unaoil and The Panama papers).
Now back to GMC.
I do not understand either till now why the early binding agreement could not be enacted? Has it been pursued through Indonesian legal system? GMC perhaps can give us an answer on shareholders' meeting? This still mysteriously unanswered to date.
Yes, GMC management is at fault in their due diligence when it comes to CI. FA long still intact if funding is secured. So I believe this is a second chance given to GMC to path their way to achieve this project.
My general opinion.. It is difficult (but not impossible though) to pick a business as suitable investment these days. TPM and HHL have strong FA however their shareholders see their investment halved. On the other hand, FMG was loathed with hatre and curse prior to 2016 making a big turnaround within a year. Go figure.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held