Think some people are missing the point - the BMV finance package would not happen without the 50m SAU shares to allow the investor to take an equity position. Plus another $900k into the company coffers for its own gold plays (and hopefully dd costs in another jurisdiction).
SAU now at a $4.4m discount to its cash and BMV shares - I cant see anything else at such a discount (even with the current market sentiment).
Excellent BMV news last week also:
Ann: A$13.2m Sale Agreement Executed, page-27
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0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.444M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $30.16K | 3.549M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1581260 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2300000 | 2 |
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| ION (ASX) Chart |