Regarding the impairment charge in BGL's accounts
Post# of 9903
Posted On: 09/28/2013 1:23:03 PM
Regarding the impairment charge in BGL's accounts - I guess then that two things follow from Winston Cooper's post about it - 1) That BGL has deliberately chosen to bury the impairment charge, rather than realise it in their accounts. 2)If they realise the charge they would have to declare bankruptcy - so they are deliberately misleading shareholders ?
So BGL has deliberately chosen this course of action create an air of solvency rather than insolvency?
Maybe that is why BGL has never acknowledged the ruling against it when it tried to register all the Cinco Minas properties under its own name, and the subsequent ruling in the Mexican Courts against their attempts to do so in August 2011
I'd guess the moment BGL finally has the rug pulled out from under it, SRGE's share price will go through the roof!
I'm sure looking forward to that. Soon.
So BGL has deliberately chosen this course of action create an air of solvency rather than insolvency?
Maybe that is why BGL has never acknowledged the ruling against it when it tried to register all the Cinco Minas properties under its own name, and the subsequent ruling in the Mexican Courts against their attempts to do so in August 2011
I'd guess the moment BGL finally has the rug pulled out from under it, SRGE's share price will go through the roof!
I'm sure looking forward to that. Soon.
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