BRL 0.62% 80.5¢ bathurst resources limited.

JAL Investment, page-22

  1. 3,200 Posts.
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    I forgot to mention the monkey on BRL's back.....the continued court cases.
    Going back BRL made a few highly questionable spending decision on use of capital especially given they had already lost round one in court and did not have the money to pay for the loss.
    This put BRL in a very very poor financial position, so given BRL are still fighting in the court system could it be Talleys is restricting BRL's ability to "self implode" by restricting cash from BT mining until the court cases are sorted.
    For the record I think BRL are on fairly solid ground in relation to the current legal issues but court is a very unpredictable place to do business.

    lol.......I think as usual many of the most pressing issues will be glossed over in the annual report. It would be nice if the report gave reasoning to capital being withheld from BT mining but how to you say our business partners have us by the balls without looking somewhat incompetent.
    I suspect little reasoning will be offered.
 
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