The superb thing about this company is that they continue to think outside the square... for example the announcement a few months back to extract bauxite ore under an Extractive Industries Licence (EIL) on private, sub-economic freehold degraded farmland, as a result bypassing any government red tape... there is plenty of degraded farmland out there. Why wouldn't farmers want a slice of the action? May as well get something for nothing and have their properties left how BRL found it once the bauxite has been extracted... i am sure the management of this company will continue to surprise us into the future...
Incidently,has anyone noticed that BAU (i believe it was early this year just before the announcement of the MOU) have changed their vision statement? It now reads:
"To be a sustainable generator of economic and social prosperity to all stakeholders through the responsible development of resources."
This professionally written vision statement provides a lot of comfort to me as a shareholder, especially the last four words... with so much land, do management know something that we dont?
Additionally, during my journey over the years with BRL, I have never felt that sustained economic and social prosperity would not be coming to me... even after going through the worst economic conditions this world has ever seen.
I am looking forward to living off my dividends!
Jalinski
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