Share
re: Ann: QUARTER: BRL: Quarterly Activities R...
Management are clearly liars!! Absolutely no way the domestic coal is cashflow positive. ASIC should investigate that latest presentation.
Hamish will need to raise more cash in the next few months.
At some point, and I would not be surprised if that point is the next attempted raising, he won't be able to raise capital and BRL will either become insolvent or issue stock to someone at $0.001.
If existing management don't go ASAP, then I have grave fears for the company.
Even if they do go, it's still going to be tough.
