Ann: Proposed issue of securities - BML, page-62

I am as bullish as anyone on BMLs future. No doubt about it, we are going to make some serious money once this mining gets going Imo!

However I think it’s a bit rich from the directors for what they are asking for! Considering the share price has depreciated from around 70c (pre consolidation equivalent) to 20c and looks to be even lower if this share market collapse continues. Imo, there is more short term pain to come as this market crash gets going in the next few months. However if you hold long term, there is nothing to worry about! Precious metals will be the first to rebound as we have seen through history in recession/depression events once the initial fear is out of the way. We know how quickly the price spikes up on increase in volume and imo, that volume will be absolutely massive once the market wakes up to our silver credentials in the midst of a silver boom.

What I don’t appreciate from the directors is the 5 year timeline and the low ball 50c target. IMO, even 70c (said by some posters in here) is too low!!! It should be minimum 80c considering we were almost at 70c equivalent not that long ago!!! Heck, if I didn’t average down at these lows then my original buys would be around that price mark and I definitely wouldn’t be calling 50c a pass Mark and be happy with directors accepting that level as a performance milestone.

I will be voting no, considering how the company has depreciated lately, management should be raising the bar, not lowering it!!! Start working above your means and the shareholders will appreciate it a lot more.