I think MR has a few challenges on his plate to get the $8m minimum.
I hope he is:
1. Firming up support with all top 20 holders
2. Other sizeable holders
3. Pull some new quality drill results out of the hat (which will add to tonnage available)
4. Put out a new preso that is easier to follow than the Prospectus. It is just too complex for most people who are under SP portfolio stress to work out the prospect. Free option doesn't figure prominently enough to date imho.
I think he might have a better investment climate in 10 days or so as US and Eastern hemishere investors return to snap up resource equities after expected strong US profit reporting and better data out of China and India.
I've been in BSM a long time. I've visted Hellyer mine and met MR a few times. Of course twice I have had an opportunity on two occassions to sell at excess of 45c, but have been too greedy. Last time they were in the teens before the "troubles" I bought another swag full.
I'll be stumping up my cash and might take an extra chunk.
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