Golden Investment's independent expert report raises ASIC concerns

THE Australian Securities and Investment Commission has identified and raised concerns with Golden Investments in relation to the review by its independent expert Grant Thornton over its proposed $240 million take-over of Stanmore Coal.

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Golden Investment's independent expert report raises ASIC concerns Golden Investment's independent expert report raises ASIC concerns Golden Investment's independent expert report raises ASIC concerns Golden Investment's independent expert report raises ASIC concerns Golden Investment's independent expert report raises ASIC concerns
In particular, ASIC raised concerns about Grant Thornton's mechanical recalculation of Stanmore Independent Expert's valuation range for Stanmore Coal in support of its 95c a share offer for the