They say that we are doing "earthworks" for the finishing plant... but then no finance in sight
Looks like that they will do the earthworks and leave it for an extra 12 months with no development
Finance is so far 18 months behind scedule. If this is not a sign that the whole project is in jeapardy then I don't know what is the sign
looks like BGDOB will expire in November which is 6 months away. There is like 300 million of these on issue right? If nothing eventuates there will be many upset investors I am sure
Back on 01/08/2007 they say that they have received $US91 firm commitment at $US0.80 (which is more like 50cents counting all the options) upon debt financing. What has happened? Nothing
Maybe this would be counted as a capital loss for my tax bill.
If anyone has better news development or insights please post it
BGD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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