BSR bassari resources limited

This flurry of posts has a real look of I will gather a few...

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    This flurry of posts has a real look of I will gather a few friends to help agitate just before the AGM. Honestly, bad look. My response may be somewhat ill informed but hopefully worth a try.

    As per my previous posts, this company has been too slow to mobilise and holders are now becoming increasingly upset. Not as upset as those where the speculator company has failed but upset anyway. There are often posters that defend the pace saying it is ok to do one thing at a time in the order they are being done. No it isn't. It was about getting government approval - big tick. Mining potential should have been determined before finance approval because it clearly impacts the risk environment ergo the cost of money.

    A personal opinion - Its hard not to ask why the company didn't call tenders and allow the tendering companies to propose the mining methodology after Government approval was gained. Even government calls tenders with best intentions like that. A shared agreement on the methodology and links to mutual profit outcomes might have been beneficial. Taking a contract to the financiers with de-risked mining outcomes would also have helped and been much quicker. Maybe now tenders are closed its not too late to negotiate a shared contract risk/reward around methodology and timing. My experience says the miners will develop better methods on the ground than the consultant from a UK desk,.

    The agitation of the flurry of posts is therefore IMO somewhat justified. However, its a shake of the tree not a throw baby out with the bathwater we need here. It is very concerning that we are still fiddling with Chinese equipment purchases ( also could have been a mining contractors responsibility to secure) . My uninformed worry; "The key stone" will be missing to exert leverage on the company.

    Lets express dissatisfaction with two things: almost complete lack of progress information. Tell it how it is; good and bad. At this SP not talking is impacting the price more than knowing why it is soooo slow. Lets also express dissatisfaction with the pace. But lets also say thanks for the effort put in because it seems like there is real effort and commitment just learning a few lessons along the way Didn't we all do that?
 
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