sam pattersons have recently started Graphite Sector Coverage based NOT on the majors SYR/MNS/KNL but on the jnrs up n comers. Micro more than Mid Caps. Sam every Broker in the Spec Mining particularly Perth Based is KNOWN for doing a pump. Not just Pattersons. Just get over it. It's Market Dynamics sophisticated vs retail.
they do have cash from asset sales. something like $3mil.
there's a story about this board. this Ric bloke was brought in by Major Shareholders to sort previous board of say 3 years ago out. apparently the old board were company bleeders see a 5/6 year ago chart. maybe 10 years whatever. BSM was Zinc/Gold trading at 50centsish.
Directors having bleeding skin in the game chestnut
Well at a recent AGM the Directors were DENIED performance share "plan". Obviously the Major Holders the Top 20 etc voted for seeing some Performance not just promised by directors. So IMO the really Long Term Shareholders have maintained the "Value" of to be sold Assets in THEIR hands and not dissapating it to directors performance at the present time.
Sam one should go back thru annoncements to find whether ANY Director with Skin in the Game actually bought On Market, shelled out their own cash OR whether accumulated their holding thru free options whatever. Very over rated IMO Director Holdings Buy/Sells as a FActor indicator.
Anyway I and several other posters on here are Graphite Sector Speculators specific.
That's the chief reason we're IN.
Graphite Sector wise BSM has a lot going for it not least a Market Cap projection/Re Rate to at least $15/20mil just on "recognition" alone. Thus, Sam the Patterson Report and Coverage is first step Recognition.
cheers
BSM Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
