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Real Gold (0246): significant differences of opinion with departed INED
Company announcement, 25-Aug-2011
RGM wanted to produce the interim results and then conduct internal investigations. Mr Wan wanted to prioritise the latter. In our view, he was right, particularly because of the recent revelations of enormous unapproved loans to, and acquisitions from, the controlling shareholder during the half-year. Until the details of these transactions are determined, it would be difficult to produce a true and fair set of interim accounts.
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