I follow with great interest and amusement the current...

I follow with great interest and amusement the current proceedings of the ICAC enquiry into certain coal leases in NSW. It is reported daily in the media. It seems someone in NSW is determined to pin down past (highly profitable) crookedness and governmental corruption. Amazing.... and admirable.

Dodgy people have hoped that time would conceal the skulduggery.

"Did you ever attend a meeting with ... in..." "Oh I cannot remember... it was so long ago.. etc".

How they ever found anyone honest in NSW to actually conduct an enquiry is a puzzle. That must have been a challenge in itself.

Does anyone remember the doomed SXX decision in Oct 2011 to enter into an agreement to acquire a 65% interest in a Coal Exploration Licence in Dubbo NSW. Turns out the people who sold it, did not actually OWN it. A small detail perhaps, if you are doing business in the Coal Area in NSW.

http://www.sxxgroup.com/interests.html

The REAL owners naturally protested and went to court.. and won.

No more Coal Exploration for SXX. OH dear. Very embarrassing I would have thought.

SXX said it might appeal the decision (rubbish!... it didn't of course) or negotiate at least a 30% interest in the lease (nonsense). Never heard a thing more about it.

That little foray cost SXX time and money..... a failure. Moral is... before you consider buying something CHECK the ownership papers thoroughly.

Another failure.... I want wins, not farces.