There were numerous flaws in the vending of worthless land that...

There were numerous flaws in the vending of worthless land that allowed previous management to crap on shareholders. Some of the main one's were:

1. Dealing with a crook. Hard to win market support.

2. No due diligence or independent valuations on any of the deals in AGU, YRR, GPN. Shareholder's trusted management and got burnt by their deception.

3. Huge overvaluation of each private companies' tenement holdings. The only purpose being to line the pockets of the vendors at the expense of shareholders.

4. No escrow period. This allowed the vendors to constantly sell down all 3 companies at any price and still make huge profits on their initial outlay. Turning virtually worthless private shares into tradable listed shares, and plenty of them was what it was all about.

5. No real intention to drill newly acquired land. To find nothing would only confirm the scam. Intentionally drag out any drilling results on previously held projects to keep the hype in the shares as long as possible whilst the crooks offloaded.

6. No capital raisings to allow drilling of new ground to take place. Once again this lack of focus on equity raising highlighted the board's lack of intention to explore.

So now we come to current pending results. Will this board play fairly or are they just as crooked?

We have already seen 714m unlisted options issued to a select few for virtually no risk in PDY, for a current paper profit of 65 times their investment (taking into account the 1c execise price). Is this what's in store here and in YRR or will they involve shareholders in any ridiculously cheap raisings?

We wait and see.

All just my opinion.