Sence25 Sep 2012 21:15
Ms. Sence, I have been reading the posts by Kenglowatcher on the LOND board in depth, and it appears from the documents that there may have been at a minimum some sort of purported collusion between CIC management and the management at LM on this CGMR China mine. I am mainly interested in the future LM stock price, but it concerns me that apparently CIC was hired to operate this mine under the table at LM's behest - in apparently total violation of the stated partnership agreement with WITS Basin. If those operations there by CIC produced revenue - the big question is...where did that revenue go? Wits claims they dont have it. LM has not ever claimed any. Does CIC still have it? Perhaps this Canadian Audit will reveal its location because LM apparently is not claiming receipt of any for their shareholders on any income statement that I have seen. This trial that some folks want to deny is about to take place is more than likely going to put some folks out of their jobs and others in real trouble with their shareholders. I note for the record that depositions of the LM management are to start in a couple weeks in the US, and given that the WITS attorneys seem to be 6 steps ahead of LM's attorneys, what secrets are going to be revealed about CIC's activities over in China? I think this mess could get very public very fast. I will wait and read like the rest of you folks.