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5.5¢ burley minerals ltd

Ann: Rights Issue Prospectus, page-3

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MellowYellow

1,612 Posts.

21/09/15

17:19

Post #: 16030996
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Originally posted by Buffalo ↑

Is this a clue to a new company direction or a lack of attention to detail? From page 12 of this prospectus:

2.5 Financial forecasts

The Company has given careful consideration as to whether a reasonable basis exists to produce reliable and meaningful forecast information. The Company has concluded that, as at the date of this Prospectus, a reasonable basis does not exist for providing financial forecasts that would be sufficiently meaningful and reliable as required by the law, policy and market practice. The financial performance of the Company in any period will be influenced by various factors that are outside the control of the Directors and that cannot, at this time, be predicted with a high level of confidence. In particular, the financial performance of the Company may be materially affected by world gold prices, grades of ore processed and recovered and exchange rates

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Sounds like a lack of detail, unless they are referring to "black gold" ?

BUR Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $10.37M

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