Good on you Coal Baron for doing your research. Does anyone else read their reports or ASX releases. Management must be pulling their hair out when a lot of accusations are made by people who don't read these.I have gone back and checked the Annual Reports and ASX releases and I note in the "Related Party Transactions" in the 2011 Annual Report. pg 37. It clearly states that Mr Stroud owns 50% of the vineyard. Again pg.48, in the 2012 Annual Report "Related Party Transactions" clearly states he owns 50% of the vineyard. Questions about not informing shareholders about drilling programs, please read ASX release Sept 7, heading "Maiden Drilling Program at Selaup Gold Project". 21 August ASX release "Update on Selaup Gold Project, just read, it can't be much clearer. There are discussion about the offices being a house, so I rang the Wavenet office. It was a doctor's surgery , four offices at the front a Board Room at the back and two spare rooms on the second floor. If they have to sell it then it would seem like an easy property to sell. If they sold Carabella shares at an average of $1.32 as stated in the Annual Report, then what is the beef. Carabella is trading today at 37cents. They have protected shareholders interest very well I would have thought. I note that a comment has been made about being "Un-Australian" for telling shareholders that they should sell if they are not happy. Vote, if you are still not happy then sell or stay in, that makes clear common sense to me, but to be fair, try reading the Annual Reports and ASX releases before throwing stones.
WAL Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held