Have a look at the poor/low take up of DYL CR by its shareholders.
With such a low Uranium price, and the fact that only a small mount of funds can be raised, with further funds need in the short term of ongoing day to day funding Im betting BLR will also have a very poor take up of the CR shares.
Directors and officers will partially underwrite the CR to a minimum of $400k. IMO BLR will be lucky to raise $1.4m
"""I think the smarter traders will be selling at this price .009 to fund CR takeup at .005"""...thats were the profit going to be.
I dont see how its going to trade higher than .005 when the CR is done and dusted, because most would be happy to dump for a quick profit on the CR shares
BLR Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held
