BSM is looking for $4mil to buy into the Graphmada Project.
It's paid around $500grand as a "Deposit" raised by a 1.3 cent placement,
it now has $2.5 mil coming in from this court settlement in next 6 months,
there's a proposed sale of remaining assets being due diligence by End of January.
A calculation of these Value I read here from months ago was approx $1million
So apparently the $4mil is "covered" on a coming in during next 6 months.
ie no need for a Major Diluting Placement for a coupla Million$$ required.
Yes Que River may fall thru leaving a million$ shortfall
BUT before January 30th, highly probably in next 2 weeks, by December 8th
the Graphmada Project of Madagascar will announce Sales/ per Tonne Pricing, together with
projected next Qtr increased production/sales/cash flow FA Figures.
Assuming BSM mgt also issue definite Confirmation of the BSM 25% stake can be paid on a 6 month Time Line Basis?
Then all going well, clicking the pieces together, there should be no problem doing a Placement if required at 2.5 cent plus in January.
BUT I stress a raising of a Mil is not Vital at the moment. IF running expense only required say $3/400g it'll be IMO at 1.3 MINIMUM.
Anyhow this is one of the last Graphite Producer for 2016/17 plays going. It is Asbury Steve Riddle "backed".
DYOR
cheers.
- Forums
- ASX - By Stock
- Ann: Bass settles litigation with LionGold
BSM is looking for $4mil to buy into the Graphmada Project. It's...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GW1 (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.062M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 85383 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 915 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 85383 | 0.041 |
3 | 360529 | 0.040 |
1 | 100000 | 0.025 |
1 | 39888 | 0.022 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 915 | 3 |
0.056 | 130000 | 1 |
0.057 | 60000 | 1 |
0.062 | 100000 | 1 |
0.070 | 5000 | 1 |
Last trade - 16.12pm 17/07/2024 (20 minute delay) ? |
Featured News
GW1 (ASX) Chart |
Day chart unavailable