RE: BDO stepped inToday 09:16
First thing that comes to mind when I hear BDO is insolvency. That's what they were big on and no doubt still are.
My mate worked for them as an accountant after university. Might put it past him. See what his gut reaction is (memo for self and others; not that it necessarily means anything).
Accountants notorious for undervaluing/overvaluing asssets come 'insolvency' in order to serve the next owner or Board buy out. History is full of cases like this.
Hmm..Thinking about buying more at such a low SP.
POG is run like sh+t int it?! Only thing is they are pulling MONEY out of the ground so got to try hard (and they are) to f+ck things up.
Just hope whatever happens we are in at such a low SP that we will walk away financially better off, albeit still cheated perhaps.
POG and POLY are night and day different outfits. I see POLY going on for years generating cash for shareholders whereas POG is more of a pig shi++ing gold and likely to be walked off by a new owner. Communication from Board is atrocious and they have contempt for shareholders. Not really fit to be FTSE listed yet I'm still here, but in a much smaller way than POLY.
Thoughts?