Hy guys,
ssc/bmb holder a long time.
All the ASX circus and the painful destroyed shareholder value of the past months isnt worth one word here, but i will try to write down my impressions and thoughts.
Monty - Bogdan - Varesh - Togo, this are our currents plays.
Monty has to gain in its worth, that was valued by 36m itself from independent consultans. The fantastic drill results of the past will show a minimum value of 50m imo. We will see updated jorc in the current weeks.
Bogdan is a takeover play in my eyes. Current drillings have to be successful and the big neighbor has to buy it. Interesting that we got the information in the past, that we won the bid about this project against our big neighbor. A sign, that our board is taken serious in the eastern of Europe and has good contacts.
Dont have a clue, what it could be worth.
Varesh was named with the same value like Bogdan. So about 30m while the board spended 3,4m. Silver-Zinc play with good infrastructure.
Lets wait, what a Jorc will tell us.
Togo. A game changer project. If we will get it. a shareprice about 3-4 dollar has to be real. Many things have been discussed about that project. I got the impression, that BMB has discussed strategic MOUs since a long time with MAK and the indian partner. The inside buys at MAK are looking interesting.
I think it is a 50:50 chance to win the tender.
The board was telling us, they want to build a 500m dollar mcap company.
The last cap raisings have been done at 11c.
I think 60-70% of the stock are in strong hands.
We have to see volumes like the last days, for a while to get a lift up.
Lets hope for more positive stuff from our board, that seems very competent and busy.
GoodLuck all, Mikro
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