BSR had 500k in the bank, estimated outflows next quarter of 1...

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01/08/17

08:52

Post #: 26204601
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Originally posted by happy chappy ↑

Yes . They need the $600,000 for the Crusher and Ball Mill . By paying this 10% down payment they can get it moving from China without being held up with the final procedures involved with the completion of the funding. They have their eye on the clock now . The funding arrangements specify repayment in 18 months from time of lending so getting the Crusher on the move is critical to production start up . The really good news is that Alex has been given the All clear regards his health , and can look forward with us to the success that Bassari offers all of us as it moves forward . He confirmed that he is looking forward to sharing the role of growing the company as Bassari moves to expand into a producer of this PRECIOUS metal . He is also keen to continue the drilling at Konkouto , as he believes that it is a monster deposit . At least Alex is going to give shareholders a last chance to get some cheap shares instead of doing the cheap and easy choice and choosing one of the companies that are eager to get involved cheaply with one lump sum .Please may we all have some wonderful enjoyable times ahead. I am of the opinion that production may begin 6 months from final date of funding approval .

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BSR had 500k in the bank, estimated outflows next quarter of 1 million. 600k in staff and admin 400k in exploration. No mention of development or production costs., still 12 months off production.

BSR Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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BSR had 500k in the bank, estimated outflows next quarter of 1...

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