capital costs?, page-9

capital costs? $30 million is the capital cost and may even be less as Emperor has offered to do some toll treating as well.

Emperors capex of $20 million has also taken this project to 90% BFS completion already. The decline goes right to the ore zone at 200m which is also a blessing. 600 diamond holes have been pumped into this ore body as well.

With regard to Bell Potter,

In my opinion they were a disgrace. Did a runner when of one of their subs did a runner (after the shareholder who use to be the MD made his 3rd unsuccessful attempt to roll the current board because he wanted his job back). 10 years under that persons leadership saw one single drill hole put down. Searching for diamonds in Sweden. 90% of the samples are still sitting on site and the 10% tested were duds.

Given he and his mates had just over 5% of the shares, he managed to call a meeting only to be thrashed again. He said he wouldn't try again (slow learner?)

Anyway, Bell Potter, having balls the size of peas let AMG run up a pile of legal fees carrying out their requirement on due diligence, completed an extensive roadshow, only to see the underwriter run at the sight of a minor skermish.

My nanna has bigger balls than these people.

This is Rick Crabb, Chairman of Palladin, for gods sake, not your local dodgy boy. He has a first class track record and reputation yet the peanuts at Bell Potter Corporate wouldn't even return phone calls.

So any resource companies looking for corporate assistance may think twice about the unprofessional way AMG were treated at Bell Potter in Perth.

AMG were forced to start again and do it themselves in London and have succeeded where the lightweights who are suppose to be expert in such matters, failed dismally.