Australia's largest stock trading and investment forum Australia's #1 stock forum

ANW

Click for more information

0.00%

0.1¢ aus tin mining ltd

Management have been far from perfect.Just so there's no...

First 209 Last

Share
Profile

Follow
Linzy

375 Posts.

45

08/03/19

07:46

Post #: 37693247
Share

Originally posted by minstrels99: ↑

There was no order to windup Jemrok on 28feb2018 , what it was was an APPLICATION to windup Jemrok and those are 2 different things. The order to windup only came a few days ago on the 4th march after the liquidator was appointed probably a week or so prior and a company is entitled to continue unencumbered with business as usual until such time as the "windup" is formally granted by the courts and enforced by ASIC.
Granted it doesn't help our situation but i don't believe Jemrok would have had to disclose to ANW that there was a windup application before the courts at the time that ANW engaged their services and IF it did become known at a later date then ANW would have already been bound by the current contract , quite possibly why they started to strip away some of the services jemrok had been supposed to supply.
Not saying management have been perfect in this situation but there are times we as SHs are not in possession of all the facts.

Expand

Management have been far from perfect.

Just so there's no ambiguity;

The FACT is, ANW engaged Jemrok, post this information coming to light.

ANW Price at posting: 1.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

There are more pages in this discussion • 177 more messages in this thread...

First 209 Last

Add ANW (ASX) to my watchlist

SPONSORED BY