we owe Bishop $29m this is being exchanged for up to $5 m in shares in Bishop to be spread across all BSR share holders (we get quaranteed $2m the remaining $3m is based on gold reserves to be discovered)
Bishop needs to list and is expected in the first quarter of next year
when we were delisted we had a market cap of about $30m from memory so best case we get 1 in 6 back about 16% however that is at 1.3 cents I know I purchased about 1.7 cents so I expect most of us will lose over 90% of our investment Bishop will need to 10 bag just to break even, not considering opportunity cost of having to wait x number of years. It's a dud an ASIC or ASX or should investigate given what we were told in announcements about progress
a valuable lesson for me I am quite fortunate that I am young and while i lost about $25,000 i can recover and i am doing well on NHC (looking like it will be my best investment ever) which has already made up my losses, and hopefully make me more money
BSR Price at posting:
1.3¢ Sentiment: None Disclosure: Held