re: Ann: Acquisition of Amapari Gold Mine and... There seems to be a huge list of risks and liabilities associated with MPBA.
- $47 million worth of legal claims.
- $3.2 million worth of claims against MPBA alleging rents are payable.
- tax claim for around $9 million.
- outstanding fines of $2.6 million and a criminal lawsuit against it alleging environmental crimes.
- five police investigations into environmental matters, bidding process irregularities and fraud.
I am sure investor will want some idea of how much it may cost to settle these cases before putting up +A$70M, otherwise BDR may be back for another +A$60 in a few months!
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Ann: Acquisition of Amapari Gold Mine and Iron Or, page-10
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