Well, Barney was on his Hardly a Davidson, riding the Coromandel...

Well, Barney was on his Hardly a Davidson, riding the Coromandel loop yesterday and ended up taking two Norwegian Blonds Stina n Mari back to his bachelor's pad in Tauranga...So to be honest dazaliam, Barney didn't bother about BGS...

But he'll give you an Analogy, and B knows, ya just love his analogies...

Ya get what ya pay for.... That placement wasn't Dilution as such, but an insurance cover for future proofing the projects next 12 months... And those twelve months are going to be full of good reporting and derisking of the story...


Its kinda sobering to be in the position BGS is in.... Barney Bought into PLS many many years ago at around 3.4 cents...then sold around 12.5c thinking he'd made his quota...Unbeknown to him, the SP just kept climbing in steps... (take a look back at PLS and you'll see a steady rise in price in a stepped formation for a few pips..) So to be invested with BGS knowing what the potential in Market Capitalisation could be, That Placement of a few shares doesn't dilute the potential Profitability and returns to Share holders...

Now for the Analogy...Cause B knows you've been waiting...

Some say in the transport industry, that if ya can't afford to maintain and service a second-hand truck, then don't consider it a bargain... A brand new truck, which costs you more to begin with, will cost you less in the long run...

Now take a glimpse at out market Peers...! How many others have less than a quarter billion shares, and a potential Gold royalty and six months away from FID (Final Investment Decision)... If ya thought the Term deposit in the bank was a safe bet, consider BGS's next 6 months...!

PS... Barney didn't take advantage of the girls...he only offered them showers and a safe place to sleep...lol