BSX 5.71% 3.3¢ blackstone minerals limited

Ann: Trading Halt, page-119

  1. 1,714 Posts.
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    My two centavos to some of what i've been reading....

    The rise in MCap has been correlated back to early April when Ecopro arrived; sure they bring a lot of prestige, & confidence to investors in BSX, but do realise that their money has been the fuel for the rise, so i expect this new money will do the same.

    I don't know about CTM; it has the goods from the announcements but i see its has a lot of history, including a large retained losses of $110m, which will be an inevitable drag on any lift, so its doing well to track sideways. Compare BSX which is only 3 years old, and has Ta Khoa only for just over a year and has minimal retained losses of $17m, so for this reason i expect this raise will be well understood by investors and it will move onwards.

    Ecopro; some here perhaps have too simplistic a view on just how corporates work - just because they are big, and they have a balance sheet doesn't mean to say they will act and behave like a small retail investor jumping at anything that moves - for them to keep on investing in an explorer/ developer just aint gonna happen. Their funds were to be catalyst, they are a manufacturer and will stick to that (until the downstream JV planning happens).End of story.

    All that said, i am also surprised CR so soon, but yes its the MDs job to be constantly raising money in a business like this, and Scott is very good at that.
 
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