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Short Term Trading Week Starting: 30 Jan, page-148

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Anton Chigurh

13,097 Posts.

236

31/01/17

19:40

Post #: 22264790
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Originally posted by zym ↑

STTCOMP BMG, FA Long

BMG Resources Ltd
Market Cap: $3.8m
Cash on Hand: $1.6m

Highlights:
- Just raised $2.5m last month to retire all debt and provide working capital
- Most blatant hint: "BMG . . . is well positioned to progress opportunities in the coming quarter. "
- Here's what I like the most: ALL management and directors fees are currently on hold until a new investment opportunity is secured !! Ain't that the best Corporate governance? definitely implying that management has absolute confidence in the coming acquisitions.

Disclosure:
Still stalking off-screen . . .

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I thought it was one of the better Qtr shell updates from BMG and should attract some positioning.

On the other hand, some real toilet paper reporting from a few of the shells.
15 Upvote

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