Ann: Half Yearly Results Presentation, page-116

LOL.......straight from he horses mouth you say.
Sure  BRL have 3 members to two on the board but this means nothing when BT mining is subject to a "joint venture agreement" that out lines operational decisions have to be unanimous.

Looks like Richards trying to talk up the companies position again..... easy to suck in the willing when you are feeding them the BS spin they want to hear.

Please refer PWC auditors report in the 2017 annual results.
They raise the issue of the 65/35% joint venture being subject to a "joint venture agreement" that in operational and activity cases requires unanimous agreement.

Page 64 of the 2017 annual report under the heading
Assessment of joint control of BT Mining

'This ownership is subject to a “Joint Venture Agreement” between the Company and TEL which sets out a number of matters that require unanimous approval of both parties including matters relating to the operational decisions and activities of BT Mining."


I guess some can rely on spin from management and remain dumb founded by the SP but me thinks the smart money knows exactly whats going on.

@RTFQ..........would you like me to post what unanimous means.
In this case the definition would be BRL have let Talleys snooker them.