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08/10/18
17:02
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Originally posted by gibbo111
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That's the question Moneysmart, they obviously could not get a satisfactory agreement with Jerritt to process the ore, why else would you do all the work that's been done and then just say oh well we will sell up with no explanation as to why. It was supposed to be a good profit orientated project and they have just shut up shop and said we will develop this poor quality mine in Australia instead. I have sent several emails asking why BS was stopped and never get any reply from the arrogant company. They owe SH an explanation as to why the 360 turn around on this project as we have all lost plenty on this dud. If it is such a good project it would be sold quickly. I believe this was all in the pipeline when the merger with EXC was done. I only bought into this mob on the prospects at BS. I only have a few shareholdings now and it wont be long till I never own a share again in my life. It is so biased against us retail shareholders and all the regulators are as weak as pi$$
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Sounds like an easy way to get a nice pump though, right?
Buy a piece of property with a nice historically proven resource, have "negotiations" with a processor for 2 years while you pump.
Sell the property and do some little thing on the side with little or no explanation.
Rinse, repeat.