Ann: Company Update - Annual Report, page-12

""(I note that if Wise are successful in closing the mine down which is not in their interest they are liable for their share of expenditure.)""

Is Wise a $2 shelf company from the BVI's.??

Dear oh me!!!!

Dyor!!



Maps you wrote:

""(I presume one of those conditions precedent is that Wise repay what they owe for their share of the expenditure. i am surprised that a joint company wasn't set up with a joint bank a/c to operate Cockatoo.)""

There are many things that this company should/could have done better. The JV Bank Account was one them. But, who was in charge of looking after that part of the procedure.???