BTR 0.00% 1.7¢ brightstar resources limited

Ann: STATUS OF COMPREHENSIVE PERKOA REVIEW , page-28

  1. 800 Posts.
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    Cactus Jack
    You need to take those rose coloured glass off. I have said in the past about people posting about higher Cu and Zn prices, especially the latter, with $9million owing on Perkoa do you still have a zinc mine? So reference to Zn prices is irrelevant. Kitumba is too deep, look at the cost price over $2, no chance this will get up. I sold because I did not like the way the management suddenly jumped ship, they knew what was coming and messed up with Glencore negotiations. Are you all dreaming that Glencore will buy BTR shares, bet they own Perkoa with the money owed and the devaluation of the mine npv. Glencore have put a stop on green field operations and with the cost in Kitumba, I would say BTR owe Glencore $9mill or massive dilution what is left? Good luck, being a junior partner with a bully boy like Glencore and the financial clout.
 
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