BRL 3.31% 78.0¢ bathurst resources limited.

Ann: BRL: Jameson Reaches Agreement with Strategic Partner, page-11

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  1. 1,065 Posts.
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    Aaaaaand there goes any hope of dividends for at least a couple of years! Jeez, $120M CAD investment with a possible huge lawsuit payment up ahead, with no prospects of mining their biggest "asset" before the permit runs out. Some (actually a lot...) would call this very imprudent.

    Good luck with this cyclical commodity. I suspect the good days are long gone and that BRL could end up saddled with huge costs as a downturn hits.

    And some people wonder why the sP is so "cheap" and the market is "stupid" lol!
 
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