Problem is, nothing was ever said. But it was a question I also wanted to ask in those days. I do not think a company has the right to cancel shares. Even if they are effectively purloined.
However I cannot believe that they kept any shares. Surely not.
I mean that would be crooked, and everyone knows there is nothing crooked about NSW coal exploration leases.
Everyone is 100% honest, right from the Minister down....
SXX Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held