ASX investigation has highlighted that corporate governance...

ASX investigation has highlighted that corporate governance needs to be tightened up and it needs to be run as a public company to benefit shareholders #1 not some private slush fund.

If anything I see this whole process as a positive, put these guys on notice and this kind of unscrupulous disregard for shareholder funds must stop.

Cant see how this issue alone will result in anything but slaps on the wrist for all involved.  However they are going to need to be more respectful to ASX and shareholders with their responses because the party is over when it comes to being blasé about this issue.

As far as the market is concerned its not like we have suddenly uncovered something of significance the we didnt already know.  The loan has been disclosed for quite some time and previous audits have questioned the recoverability.

Cant see how this issue alone results in lights out, in fact it can only result in a positive if a portuon of the funds can be slowly recovered in one form or another or loan terms tightened up.

The company has just scratched the surface mining new pits and has brand new equipment waiting to be utilised, these things take time.  Gutnick has too much tied up here and is only increasing his control in its current form.  An administration event would most likely negatively effect his interests more than anyone else.  As long as the funding remains then the company should have a very interesting 2019.