Ann: Response to ASX Query Letter, page-229

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Midnight26

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20/09/17

13:32

Post #: 27341964
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Originally posted by tubber ↑

So, this is a conspiracy by the ASX and others, with over 2,000 listed Companies the ASX bands together with some dark forces to get BBX... Please take your tin foil hat off.

The ASX cannot just arbitrarily interpret the legislated regulatory framework it works under, it just doesn't work like a chook raffle down the RSL.

Yes it's unlikely BBX has done anything illegal, but who knows, there are all kinds of compliance issues that Directors are bound by, and breaches of soem of those see Directors in jail. Being a Director of a listed Company isn't like being a Union Boss, you have accountability backed by legislation.

Now the tin foil hat is removed, the reason this is taking so long IMO, is that BBX are using a propriety method of analysis that arrives at a completely different implied value of BBX's projects that the tried true and proven methodology that everyone in the world uses. In fact BBX's methodology arrives at an implied value of one of the largest deposits ever seen. If you understand the JORC code then you know that to step outside the accepted industry practice will require you to prove unequivocally that your methodology is correct and robust. A few photo's of sample on pallets doesn't do this. IMO for BBX to be able to report it's new assay methodology as a robust measurement of the quantity of minerals in their rocks will take a work such as a peer reviewed PhD thesis. That is a reason for the delay, so far BBX has just given half assed responses along the lines of, See our Brazilian Geologist took photos of the samples, and wow our method gives us fantastic results and traditional methods make us sad, so we will ignore traditional science as "fake news"....

Tubber

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BBX are using a propriety method of analysis because the methodology that everyone else in the world uses because doesn't work on this deposit.What's wrong with that?

The pilot plant will prove that their methodology is correct and robust. If rocks go in and gold comes out what else is there to prove?

Last edited by Midnight26: 20/09/17

BBX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Ann: Response to ASX Query Letter, page-229

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