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Yes BDR is not out the wood but risk of ending in receivership...

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sircorp

8,355 Posts.

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28/06/18

15:28

Post #: 34013634
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Originally posted by JID ↑

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

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Yes BDR is not out the wood but risk of ending in receivership is bit lower than what was few days back.
..
Next 6 months are worth watching carefully. I do expect CEO is way out and new CEO and Chief Operating Officer will be in soon, pretty soon.
..
Those who have paid their money in CR, they want to see some positive results, Toronto listing is just another excuse for more cash injection.
..

BDR Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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