ANW 0.00% 0.1¢ aus tin mining ltd

The order to wind up Jemrok was commenced by Sandvik as advised...

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  1. 375 Posts.
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    The order to wind up Jemrok was commenced by Sandvik as advised through ASIC, on the 28/02/2018, the date for the hearing was set at 13/03/2018.
    ANW, announced to the ASX on the 12/04/2018 they had engaged Jemrok......
    "The directors of Aus Tin Mining (the company) are pleased to announce, that the company has executed a contract with Jemrok (Jemrok) to undertake mining activities and the construction of a new tailings sforage facility (TSF) for the Granville level 2 expansion (Granville Expansion). Jemrok is an experienced, Tasmanian based civil and mining contractor"

    Jemrok, haven't appeared to have had any financial penalties against them, in the contract.....

    How could this situation happen?
    Inexperienced management?

    The mind boggles.

    This to me, represents a major failure on behalf of management.

    AIMO

    DYOR.
 
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