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BSR bassari resources limited

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Ann: Makabingui Project Update, page-8

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cartsy16

437 Posts.

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30/06/21

14:49

Post #: 54178703
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Originally posted by one powerball ↑

That’s fair enough though.

Coris loan was subject to the permit as security. Therefore if the loan wasn’t paid off, we knew that Coris would seek to take the mine and assets from BSR.

We are in a catch 22 though.

Can’t get a further loan unless the permit is extended.
Can’t pay off Coris without the loan.

It is what it is.

Lets see what plays out.

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Surely the new management had all of this information prior to taking over the company. If so, maybe they have a solid plan in place to overcome this situation BSR finds itself in now. Pretty sure it would be 100% all over if old mate was still trying to run the show!

BSR Price at posting: 1.3¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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Ann: Makabingui Project Update, page-8

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