Hi All,
Cheecho85: “Game onnow, big line wipe there of the 1c!!!”
It is disappointingthat a free speech forum H.C. allows itself to be pressured in to remove a postthat highlights misinformation leading to shareholder loss of value. Personally, I have long thought sunlight was one of the best disinfectants.
Clearlyafter the latest C.R. failure efforts would be made to artificially raise theshare price in order to make the one cent share price deal more attractive. Then to be unloaded on the next uninformed investor with more money than sense.
I can’trecall any great news announcements made recently to lift the share price, andwe must remember that this team can throw around some spectacular news whenthey want to. 360 Au g p/t and billions of Tons or RRE’s being good examples. The fact that these stories are later recanted doesn’t seem to bother the die-hards on these threads.
As abusiness owner for many years, I can understand why a broker or companydirector would wish to keep this lucrative gravy train running 6% and $333K isgood work if you can get it.
I don’t seea problem with debt or borrowing money provided is used wisely. A bank manager may be happy to loan money to a guy that proposes a business venture; however, if this bloke says he wants the money for him and the wife to holiday in Las Vegas he may feel different. Hold that thought and bear with me!
Wheneveryou read the qualifications of the vast array of employees, directors of BBX / BCM,that have passed through the ever-revolving door of the boardroom, one couldnot help being impressed.
One couldask if these people are the best specialists in their various fields, how comeso many mistakes are regularly made, and shareholders take the hit with constantdilution.
Myself andmany other have pointed out various misleading articles and ASX announcements. (All in the public domain.)
One of themore comical announcements linked below here is a bloke taking credit for a successfulC.R. to pay out a financial agreement brought to this company by none otherthan this same specialist with vast business knowledge and years of mining experience.
“BBX Minerals Limited (ASX: BBX) (“BBX” or the “Company”)is pleased to announce the repayment of the funding facility with Lind GlobalFund II LP, announced on 31 March 2023. Following the completion of tranche 1of the recent capital raising, the Company has taken the decision to repay thefunding facility. This repayment eliminates the market uncertainty surroundingthe ongoing conversion of this instrument to equity. For more information:” André Douchane
The next time BCM is scheduled for the next entry into the boardroom you could consider this bloke I doubt he could do much more damage to shareholder value than the previous incumbents and he will be a great deal cheaper.
VillageIdiots (Monty Python Sketch)
Cheers.
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Price($) | Vol. | No. |
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