BIG 0.00% $2.22 burrendong minerals limited

Ann: Capital Raising , page-15

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  1. 688 Posts.
    Well done Toby
    A bigger naysayer than me
    I gave comp 12-18 months before this "aggressive" planning burns up all the cash with jack in return
    12 months belly up is still 1.5mill cash burn per quarter

    i reckon 18 with 1 mill cash burn a quarter, then cap raise at 2c then consolidate

    Or consolidate first then cap raise

    Either way major dilution

    From pure trading perspective maybe a pun at 0.2-0.3c. I stated earlier this comp should be 0.3-0.4c
 
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