Share
re: Ann: QUARTER: BRL: Quarterly Activities R...
What a rubbish report !!
Where is the explanation about the spending that almost cleaned out the cash held in one quarter !! After continually trotting out the mantra that local operations were (already) cashflow positive - now they say:
"The focus this quarter has been developing the domestic mines to a cash positive position to support the whole business"
Explanation required - where has the money gone ? - at this rate another CR will be required before July to continue operating and I don't want to guess the SP prior to another CR.
I would expect management won't be focused on BRL this quarter - preoccupied looking for jobs elsewhere !!
There should be a website that lists failed management people so that investors can avoid any company they become involved with.
This looks to be going out the backdoor at an express rate.
