Management including Jeff Clark who is now the new CFO knew about this problem back in Feb. It would have been in the companies best interest to keep Mr.Foot and AJ on until this problem was solved. But for some reason they both left the company before it could be solved. I wonder if AJ left the new CFO instructions on what they had accomplished and how to retrieve that info before being escorted out of the building for legal purposes of resigning. Yeah right. New management needed to save face with their Texas investors by taking over the show because of the price of Iron ore falling and by doing this they did not understanding what they were getting into. Now there coming to terms with it and its better to blame the previous screw ups then take the blame for them selves. Well that will only work for a while. And that while will be up in June. I just hope there not working for Luxor and earning a bonus while doing in the share holders.

Here is Palladons default history since they bought half of the mine with Luxor. The thing that I find weird is that according to the BCSC we should have been halted Monday morning.