BIG burrendong minerals limited - withdrawn

drilling rig, page-9

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 56,880 Posts.
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    I think you need to read the article chaps/gals.

    Be careful out there. I just got tired of the incessant and ongoing ramping. The soil sampling was never going to cut it and will never do.

    I don't wish for anyone to lose money - hence my warning. Wait for weakness and for fair value to be reached or trade as you wish IMHO.

    They cannot buy Mt Carbine - they do not have the cash and it is extremely complicated and very low grade to mine - very expensive, hence the option price for $15,000 and 500,000 shares. It is only an "option". The current owners are not stupid.

    Anyway, back to Bolivia...LOL

    Just be careful and stay well under. I don't mean to be harsh but it is very important for the unwary to recognise she only had $30K odd in the bank not so long ago and failed at every hurdle since listing.

    Long term she is a dead duck without massive dilution.

    Look at the options expiry price and think.

    There are no options ticked here apart from the recent issue at crazy prices as a last gasp. She has $3m - but how long for?

    Please note, I have completed DD on RAU and all tungsten plays within the district and across the country in detail.
 
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Currently unlisted public company.

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