Considering BGL has only dug to 500m below surface in close proximity to the former mine why wouldn't management want a tidy some for the project?
Equally a larger player would be looking to acquire any asset as cheaply as possible.
Steve P mentioned having over 20kms of strike thus far in the podcast I shared.
I might add companies are not restricted to undertaking capital raisings only when liquidity is critically low. Whilst I would have preferred a trading halt in connection to bonanza drilling results, conducting a raising when the gold sector is so positive makes good sense.
With so many rigs on the ground everyone will soon know the scope of the asset.
Ann: Completion of A$18.5M Placement, page-16
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$1.79 |
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Mkt cap ! $2.107B | |||
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