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

BEZ

Click for more information

0.00%

9.9¢ besra gold inc.

Ann: Trading Halt, page-70

First 70 Last

Share
Profile

Follow
29101971

5,699 Posts.

316

27/03/24

10:16

Post #: 73077582
Share

Originally posted by Gentrax: ↑

QMEI is the US entity that is seeking to complete a NASDAQ listing over the next 6 to 12 months.

QMEI is not funding the Off-take, that is a seperate entity known as QMR.

From what I understand is that QMEI are looking to do a placement in the US on NASDAQ.

It appears that in December 23 they began doing presentations to their consultants a chance participate in a private placement prior to a future NASDAQ listing. The issue at hand is the way it was presented, probably done prior to a prospectus being issued. I guess the MSC had no choice but to act.

My bet is that QMEI will now finalise a formal prospectus, have it authorised by the MSC and that will be end of that.

BEZ's fundamental have not changed, it still has gold in the ground, and cash in the bank to finalise an updated Feasibility report.

Expand

That all makes sense but why has the US$9.8m from 28/12 not landed into Besra's account?

BEZ Price at posting: 10.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

There are more pages in this discussion • 28 more messages in this thread...

First 70 Last

Add BEZ (ASX) to my watchlist