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1.3¢ bassari resources limited

Ann: Makabingui Mining Startup Plan, page-18

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GoldPirate

10,755 Posts.

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31/07/20

11:13

Post #: 46210760
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Originally posted by Mickeymouse: ↑

regarding suspension: they just confirmed..:

two matters that need att

"fin report and qualification by the auditors"- matter relating to negative equity which caused the issue with the auditors and could not be resolved.

Actions have been taken in last 3-4 months to remedy this matter and they believe...it has been remedied...and with publication of half year report this will then be satisfied

The other issue with ASX was their issue with BSR funding..still in process of remedying this by seeking a deferral of the loan repayment...in discussions to date the corros bank appear to not require any repayment..however we need that matter formalised " as will asx and auditors...now awaiting the deferral of that loan to be formalized...i.e in writing.............

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In layman's terms! Cooked! Suspension will therefore remain indefinitely...

BSR Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
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