BCN beacon minerals limited
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Ann: $10.3M Fully Underwritten Non-Renounceable Entitlement Issue, page-35

  1. RWE1
    198 Posts.
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    18/09/24
    21:03
    Post #: 75734663
    So say we take up the offer at 2.2 cents, then as long as the company reaches a market capitalisation of about $265m within 5 years ( I.e. 5.2 c per share) then our free 3c option has paid for the new share.
    I think the above market cap is quite achievable in that time frame so I am OK with this.
    Although I do agree with comments of many saying we need far more information and transparency from the directors.
    BCN Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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2.8¢ 		Change
0.000(0.00%) 		Mkt cap ! $118.3M
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