Wednesday, April 15, 2015

Tony Sage - Oz Turdoid

Tony Sage
Antony William Paul Sage, known as Tony Sage (born 26 June 1960), is a Western Australian businessman. An accountant and fund manager, he finances and manages mining and exploration companies in Australia and overseas. He also owns Perth's A-League football team, Perth Glory. He was awarded best Australian executive by Resource Stocks Magazine in 2009 and Cape Lambert was named AIM Company of the year in 2008.

From at least 2012 to February 2014, Cape Lambert was the subject of continuing investigations by the Australian Taxation Office. The result was a $96m assessment, plunging the share value by 75%. After 2 years of scrutiny the ATO eventually settled for $2.4m
Mick Gatto helped negotiate a multi-million-dollar peace deal between the board of Cape Lambert and investors including a Russian billionaire. The parties were fighting for control of Cape Lambert since it banked $400 million from the sale of an iron ore project.
Gatto flew to London with associate John Khoury ... the pair run a "problem solving" business called Arbitrations and Mediations. Gatto and Khoury are believed to have received $1 million for their role in negotiations.

The disputing parties included Russian billionaire Roman Abramovich, Tony Sage and Mick "many names" Shemesian. The meeting was called by Romanian-born oil baron and convicted heroin dealer Frank Timis. It was decided that Mr Shemesian would sell his 10.5 per cent stake, Sage would stay on as executive chairman and Mr Abramovich's company Evraz would maintain its 16 per cent stake.

Sage is also director of at least seven other listed and private companies, most of which are micro-caps. This part of his world is typified by overlap: the share registers often feature both Mr Sage and Cape Lambert Resources as separate investors, with many of his companies holding stakes in each other.

In December 2013 Mr Sage's Perth offices - including those related to the A-League club and Mr Sage's Cape Lambert Resources company - were served warrants. AFP officers returned to the offices of several of Mr Sage's business interests months later, including Kupang Resources.
Today it was reported that a Sydney stockbroker was found to have manipulated the share price of a WA uranium explorer called Cauldron Energy and has been banned for five years. The Australian Securities and Investments Commission said today 56-year-old Anton Kerstens, of North Sydney, had "a long-standing relationship" with Cauldron. Cauldron is chaired by Tony Sage.