BDR 0.00% 6.5¢ beadell resources limited

re: Ann: Acquisition of Amapari Gold Mine and... There seems to...

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  1. 1,764 Posts.
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    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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