Quoting last four paras....
"Meanwhile, the liquidator of BCL, Nigel Dixon-Warren has opened bidding for the piecemeal sale of the assets with deadline for submission of offers set for September 1, 2017. In a statement, Dixon-Warren of KPMG said government seeks to dispose of the BCL group’s assets preferably as a whole to an interested party who is able to commence operations and return the group to profitability.
“Whilst preference will be given to parties interested in the BCL group as a whole, parties who are interested in certain constituent assets are invited to submit offers in line with their interest,” said Dixon-Warren.
The BCL Mine assets comprise four underground shafts, a concentrator and a 900 kilo-tonne per annum (ktpa) flash smelting furnace. In addition to its mining and processing assets, BCL estate include about 2,000 residential properties and related infrastructure including a hospital and a farm.
In a bid to assist interested investors with information, Dixon-Warren said a data room would be open on August 7, following which an indicative offer should be submitted by September 1, 2017."
Regards to all.
BML Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
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