I would like to read: Birimian completes heavily oversubscribed institutional placement for AUD XX million to accelerate drilling and commercialisation. Probably there will be a discount of 10-15% from the current SP and hopefully it will not only be 5 million, better would be 10-15 million.
There is no reason to sell, on the contrary, that's great news. Goulamina goes into production in 2019. Everything fits perfectly. That's why we have a new director with huge "lithium knowledge". Drill out Goulamina like a Swiss cheese (preferably Emmentaler - very holey ), report a Jorc with ~ 150-200 Mt and commercialize the resource, like PLS. I guess BGS MC will soon > 400-500 million.
Facts:
a.) cash after CR = $ 10 -13 mil
b.) awaiting gold royalty
c.) fully funded drill program
d.) fully funded DFS
e.) no more CR till production
f.) tight float with 220-240mil shares
g.) abolutely unique - best risk-/reward ratio LI-company!
Again, great Ann.
BGS Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
), report a Jorc with ~ 150-200 Mt and commercialize the resource, like PLS. I guess BGS MC will soon > 400-500 million.
