Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The world of small cap mining exploration is used to scandal. Knaves abound as advisors, financiers and directors. But even grizzled veterans of this scene where shocked and aghast at the First Class Metals (FCM)/ 79th Group scandal exposed HERE last night. So who are the chaps who promise naive investors a safe bond yielding 15% and ten put the cash into shit like First Class? The Webster family own the business but meet the team…
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