They could be negotiating a share structure/funding with an off-take partner - maybe not a good conversation when the share price is above 20cents, but around these levels could spark further due diligence.
Considering other funding institutions are increasing lending criteria, such an arrangement with an off-take partner can be beneficial for both parties involved, as it helps BML secure financing for its operations while also ensuring a reliable buyer for its mining products.
Equity stake in BML by purchasing shares or convertible securities or The off-take partner may also provide funding to BML as part of the deal. This funding can take various forms, such as loans, advance payments for future product deliveries, or direct capital investments for mining operations, infrastructure, or exploration.
A few ways to skin the cat...
Anyone have update on top 20?
BML Chart, page-2618
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