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Ann: Response to ASX Query Letter, page-99

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Midnight26

4,791 Posts.

385

13/09/17

00:08

Post #: 27171753
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Originally posted by Midnight26 ↑

The only time BBX is mentioned is in this paragraph:

Google Translate
More recently, the cooperative would have sought a partnership in the exploration of the garimpo, together with the business company Minorte, a subsidiary of BBX, to assume the environmental liability existing on the site, since the would not be able to afford the costs of area, as well as carrying out studies necessary to regulate licensing (Annex I, pages 61/62).

Looks like they declared the agreement illegal:

Google Translate
Fls. 109/121 of the Annex. Dispatch DNPM-AM nOOOl12012, for the illegality of a contract which has as its object the partnership for the gold and / or other mineral goods, administrative authorization object of procedure n0880.070 / 2007, which would be celebrated between COOPERJUMA and Mineração do Norte Ltda. - Minorte.

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So once again we have proven that Skol is just a try hard downramper trying really hard to discredit BBX.

BBX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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