LRC 0.00% $3.54 laguna resources nl

Tibbs now you have refreshed my memory, he so effectively...

  1. mja
    1,062 Posts.
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    Tibbs now you have refreshed my memory, he so effectively spruiked an uneconomic deposit in Armenia via IBR. He hoodwinked investors into driving share price in mid 60s before TMR takeover announced. And the spruiking was so good IBR holders felt cheated by the takeover as the project was so good, the hotcopper IBR threads ran hot. Within 9 mths of takeover my TMR and a more effective review of deposit declared uneconomic and written off and subsequently TMR into administration. I guess Tibbs the point is Matt Wood was pumping the great grades at the site and the minimal capex, and the great future IBR had, when in fact it was all a load of bollocks. And flushed a lot of peoples hard earned dollars down the toilet, though I'm sure he made a mint.
 
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