BRL 2.14% 71.5¢ bathurst resources limited.

Ann: Stockton operations resume, page-3

  1. 3,201 Posts.
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    viney402 I am surprised you did not realize after the conversion of RCPS that BRL management are extremely dismissive of small SHers.I think you will find BRL have backed themselves into a corner......now having to find funds for court loss, JAL venture and to save face equipment to mine the escarpment.I see there consolidated cash position as at end of March $23m.Not a great balance sheet to negotiate with considering if they don't/won't mine the escarpment a total investment of about $160m NZD is going to be flushed down the toilet.It's going to take a bit of time to sort this mess out.I see they mention in the 1/4 results that they are still considering their legal position......thats just code for how the hell are we going to explain this to Shers and justify our positions
 
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