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4.55%

10.5¢ burgundy diamond mines limited

Ann: Investor Presentation, page-43

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numis

1,135 Posts.

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18/10/22

11:32

Post #: 64252552
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Originally posted by canonman: ↑

This company has only raised once last year, 26/7/21, and it was all done behind doors with HNW individuals.
6 weeks prior to that was the SAIMM diamond conference at which we presented.
And it was 3 months prior to that there was an investor presentation.

Next preso after that raise was, you guessed it, 3 months later (29/9/21, followed by another earlier this year in May. So it seems they put our presos for information sake and not specifically aimed at a CR.

Also, the SP rise before a CR usually lasts longer than a day and can see a SP rise significantly or even double from past experiences, well 25 years worth of experience anyway.

So in this case Im leaning with rizzla and reckon its just illiquidity buying spiking SP, same as it does when someone tries to sell.

In time this will become more liquid, when MC gets into the $b's. IMO

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Yes you are right Canonman, the share price strength lasts for more than 1 day. I was just implying it was the start of a potential cap raise. Cheers

BDM Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $149.2M

Open	High	Low	Value	Volume
11.5¢	11.5¢	10.0¢	$266.5K	2.530M

Buyers (Bids)

No.	Vol.	Price($)
16	1855155	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	126261	1

View Market Depth

No.	Vol.	Price($)
16	1855155	0.100
1	250000	0.099
2	38000	0.095
3	577555	0.090
1	50000	0.085

Price($)	Vol.	No.
0.105	126261	1
0.115	40400	1
0.125	39976	1
0.130	14240	2
0.140	53306	4

Last trade - 16.10pm 19/11/2024 (20 minute delay)

BDM (ASX) Chart