Well, I have seen a lot of these penny miners and some private investment situations up close and personal. The common theme is that there is always a mixture of scamminess and ignorance (usually more of the former than the latter).
There are too many red flags here to chalk it all up to being inept.
An example - at what point does promoting something like rare earths cross over from ignorance into fraud? I believe rare earths were being promoted with fraudulent intentions. Somebody on that management team had to know that background levels of something does not mean a "discovery" was made.
What happened to Berridge, their geologist? What happened to Madan Singh, a mining engineer, who was another of their advisors? Surely these respected professionals must have said something about rare earths being at background levels? You could almost say that not taking advice from their experts is fraudulent use of their credentials to lend BONZ credibility.
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