Australia's largest stock trading and investment forum Australia's #1 stock forum

BDM

Click for more information

4.17%

11.5¢ burgundy diamond mines limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10

First 10 Last

Share
Profile

Follow
canonman

11,507 Posts.

824

04/02/22

13:00

Post #: 59356919
Share

Originally posted by Cridz ↑

An excerpt from the original announcement, possible that there is an extension option though not mentioned!
I don't know the details, only what is announced, I'm not basing anything on assumptions!

(iii) Third Payment: within two years of entering into the Option and upon the exercise of
the Option to purchase the Ellendale Diamond Project, BDM to pay GIB A$4 million in
cash and issue to GIB 7 million fully paid ordinary shares in BDM.
BDM will also pay GIB a 1.5% gross revenue royalty on the diamonds obtained from the
tenements, including during the Option period.
All shares issued to GIB in respect of the transaction will be subject to a 6-month voluntary
escrow period commencing on the date of issue.
Should Burgundy elect not to proceed with the payments to GIB detailed in (ii) and (iii) above,
then (excepting conditions precedent), the Option will not have been exercised and GIB will
retain the Ellendale Diamond Project 100%.

Expand

I don't know the details, only what is announced, I'm not basing anything on assumptions!

Expand

Yet 99% of your posts assume something will go wrong.
Thats hypocritical in my view.

BDM Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CRI

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

NSM

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

There are more pages in this discussion • 4 more messages in this thread...

First 10 Last

Add BDM (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $163.4M

Open	High	Low	Value	Volume
13.0¢	13.0¢	11.5¢	$44.65K	352.9K

Buyers (Bids)

No.	Vol.	Price($)
4	31859	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	100441	9

View Market Depth

No.	Vol.	Price($)
8	134649	0.115
15	342021	0.110
9	168358	0.105
10	1081946	0.100
1	475000	0.055

Price($)	Vol.	No.
0.120	58953	7
0.125	109680	8
0.130	281740	5
0.135	119214	4
0.140	784543	5

Last trade - 14.52pm 17/10/2024 (20 minute delay)

BDM (ASX) Chart

SPONSORED BY