The biggest problem I had from the start was this:
Under the drilling contract BBX has issued shares to Energold: On mobilisation a total of 117,187 shares and on demobilisation a total of 117,187 shares. For each metre drilled, a total of 914 shares.
You are issuing shares to the people in Brazil a country with a reputation for be corrupt, for doing the drilling, then we have some massive issues with phantom gold in the drill cores, seems very convenient doesn't it.
I think the company is regretting that decision.
BBX Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
