I agree Eshmun. Especially the questions arising from the trading status of BDR.
Despite T2 going through, BDR are not out of the woods.
We have discussed and highlighted many questionable accounting policies with BDR over the past couple of years here on the HC threads.
For example the capitalisation of mining costs to the Stockpiled ore asset only to have that written off in subsequent periods. Was this asset appropriately valued and were operational mining costs intentionally fudged to present a picture somewhat different to reality? I don't know but I am sure a forensic accountant/ legal team can work out the answer.
Based on the class actions and potential criminal proceedings against QIN/ Directors/ Auditor right now, i would think the Director's are more than a little worried about how this may end.
Cheers
John
BDR Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
