Bathurst Resources - BRL

[Lost in space]

Looks like we are hunting down the last shareholder now. Anyone got Dotcoms phone no?

[blackcap]

That then begs the question. Are BRL blatantly lying to try and get a waiver through? Should they be investigated by the FMA? Is there anything we as minority shareholders can do in such a case?

[Lost in space]

To my mind the should not be granted a waiver because to do so seems to go against the Companies Act 1993. They are essentially creating two classes of shareholders with the ordinary shares.

[Brain]

As I am not trying to sell or buy at this point it means that the one institution and 7 other share holders are being quite active at this point. On Friday there were 4 buy orders and 11 sell orders.

Brain

[blackcap]

As I am not trying to sell or buy at this point it means that the one institution and 7 other share holders are being quite active at this point. On Friday there were 4 buy orders and 11 sell orders.

Brain

chuckle chuckle chuckle. Thanks Brain!

[Ian]

Well i'm a NZ shareholder of BRL as well !!!!

[Ian]

So am I the last of the 9 hard to beleave

[macduffy]

So am I the last of the 9 hard to beleave

No, it's a bit of a stretch to imagine that all NZ shareholders of BRL watch - and post - to Sharetrader!

I still reckon there's something odd in the way NZ shareholders, through Chess holdings, get counted in - or out!

[macduffy]

Another tiny step towards making this mine a reality!

http://www.stuff.co.nz/business/indu...day:dailybrief

[benjitara]

Another tiny step towards making this mine a reality!

http://www.stuff.co.nz/business/indu...day:dailybrief

Interesting time for the company.

Capital raising and court progress. I think this is a long hold option at this price for anyone who can stomach a long wait for production to start. I've done some fundamentals and came up with the fact that the escarpment alone could support a SP of 22c at a P/E 0f 10. With this being a cyclical stock it's hard to say but my argument would be that the share price cant really go any lower if this company was to stay above water.