th - cap raising - producing jan2011, page-19

Firstly, hello to all regular posters to this forum. I only stumbled upon it whist looking to see what was to be seen on the Internet re BSM's trading halt. I have to say that I am impressed with the quality of the content on this thread. Mind you, what else would one expect from smart investors who have been wise enough to see in BSM what it appears the market generally is blind to. I mean, has there often been such a well run and better placed small company for sustainable growth? It has stunned me that the share price has been so low for so long. I don't think that will last for much longer, though. I tend to agree with those who suggest that the new funds will be for a HMS plant, since increasing the processable resource will add value all round. Again, I agree with the person who thought there must be a very compelling reason to raise funds now, since with a share price of, say, 45c or better in a few months it would have required less new shares to raise the amount. I'm guessing it'll be a rights issue at about 27c on the basis of about 1 for every 5 held. If so it'll be interesting to see if the price falls in the short term. I guess it'll depend on just how good and how soon the gain from the raising is.