Correct.
BMA Gold is an absolute disgrace.
My Super Fund will never forget them! lol :)
Even today's Qrtly refuses to clearly outline the "state of play" except to place a 2 line throw away statement at the end of page 7 that loan default has been triggered by CBA.
Their disclosure has been very very poor for a very long time. Some of the more astute (and experienced) posters on Hot Copper picked up on this early and tried to warn others but we "trusted" management's credibility & honesty.
We were wrong to do that...to our own mis fortune.
Jim Wall has a lot to answer for here...not because - ultimately - BMO appear to have so few resources, but because he appears to have known this for a VERY long time but refused to own up and keep his shareholders informed.
Life goes on.
However....for Jim Wall - it might be time for him to face the music.
Coop
batavia to bma gold how do they compare, page-2
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