BFE black fire minerals ltd
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I have just read BFE's Annual Report to 30 June 2009 (released...

  1. Onceover
    3,083 Posts.
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    16/09/09
    14:20
    Post #: 5649758
    I have just read BFE's Annual Report to 30 June 2009 (released by ASX at 12.48 EST). The main points of interest in it are in notes to the accounts 12a and 12b. These explain where most of the money went.

    $417,754 lost on the Nigerian misadventure.

    $404,200 wasted on dusters in the onshore Perth Basin.

    Not a good track record to date.

    The boys in Nigeria must have walked away rubbing their hands. (Don't people normally ignore those sorts of emails?)
    BFE Price at posting: 7.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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