Originally posted by UY Scuti
I don't think Burwill are in any financial difficulty. According to their recent announcements, they have been buying back shares for the last few months. It's low volume, but shows they have money to do it.
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ref:
http://www3.hkexnews.hk/listedco/listconews/advancedsearch/search_active_main.aspx
Sorry to pour water on your thoughts.
Burwill, could well be in the cactus, reallity is we just need to take a look around, at the number of mining and mining associated (including financiers) companies that are folding, like the proverbial discarded Christmas wrapper at the moment. It's not one or two, there are several........ All appeared to be "doing well" then next thing, the big "o-shite", hits out of the blue.......
I sincerely hope I'm wrong, however a reality check sometimes doesn't ago astray.
Million dollar question, was any due diligence ever conducted on Burwill or their financial position/ability ever questioned?
Have a great weekend.