I feel for BGL shareholders, just been going back over the recent announcements and if the MoM guys are right this is not just the usual dip on the CR - they really have a challenge ahead to mine sufficient ore in coming quarters to fill their mill while they are trying to develop and add infrastructure.
I agree @Peppie - I first thought this might scare people off SPR but the more I look they are chalk and cheese - because of the debt (for a start). With a Market Cap in the mid $1.5bn region I think SPR shareholders would prefer a CR for whatever startup capital is needed (I certainly would) to keep the wolves away and create space and time to be strategic during startup. I also think the market may now actually pay a premium for SPR because it has no debt. This video by MoM is looking spot on right now in terms of funding using debt (starting at 14:55)
https://youtu.be/aUjqYB7Dop8?si=aVtJZKcf-AoPH1um
Ann: Dalgaranga Gold Project - Mineral Resource Estimate Update, page-202
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$1.28 |
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Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.27 | $5.145M | 4.035M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39096 | $1.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 275738 | 6 |
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