For the record AMN acquired the Mackay tenements in July 2014....

For the record AMN acquired the Mackay tenements in July 2014. They knew they had an existing JORC.
SO4 entered SOP June 2015.
KLL spent years before listing to get to where they are now.
None of this is an excuse for what has become a debacle at RWD but lets put things into perspective, there aren't many Twiggy Forrest's on the ASX.
I haven't been around for 12 years, maybe 9-10. It all seemed so easy when Shaw's put out their report in 2008 and the SP was $1.40 with a target of $1.75.
Clearly it isn't so easy. I still have the Shaw reports on file. Capex was suggested to be $150M back in 2008.