Coolgardie collapses 

IN ONE of the shortest bursts between a successful initial public offering and administration on record, Coolgardie Minerals has bowed to the inevitable and called in the administrators, local guns for hire Pitcher Partners, in the hopes they can work their magic and salvage the company and its Geko gold mine.

Coolgardie collapses  Coolgardie collapses  Coolgardie collapses  Coolgardie collapses  Coolgardie collapses 

An aerial shot of the Geko project

The administrators, Bryan Hughes and Daniel Bredenkamp, have assumed control of the company's assets and operations and are already assessing interest for Geko and the surrounding 550sq.