Ann: Annual Report to Shareholders, page-2

Unsurprisingly the company has joined the laggards and the zombies in lodging at the death ...minutes before mandatory suspension for late lodgment.
What emerges is a deterioration in the condition of the company with current assets of $132K overwhelmed by current liabilities of $1.8m ( up 95% on 2013)

then there is the contingent exploration liability of $7million of which the Makabingui permit accounts for USD4.3million.

The corporate costs of keeping the management team in place have grown to $1.6million with the chairman walking off with $185k in consulting fees  in addition to his $60k chairmans fee.

Patarica and Riley received in aggregate $435K ..for an aggregate investment in 647,000BSR shares..this no doubt to satisfy the requirement to "align the interest of the executives with that of the shareholders".

Auditor BDO draws our attention to the material uncertainty about the company's capacity to continue as a going concern .

What does emerge is the strategic shareholding of BCM with 116 million shares to which must be added the 31 million convertible notes . Their position overwhelms that of HEG and with their loan of $300K appear to be in the best position to determine Bassari's immediate future.