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FINANCE

Case study: the part-time mining company

March 31 - April 6, 2010
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MARCH 26: BELMORE Resources has just two directors, both of which are fully employed elsewhere and neither takes a salary, a bonus or has an options package. The registered office doubles as the secretary’s house in Dublin, corporate patience is valued over aggression and the listing places the company on the relatively illiquid but affordable PLUS market in London. Could this be the new corporate model for mining companies? Probably not, but it’s working a treat for this Ireland-focused junior.

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