So extra 100,000 ounces at $1,000/ounce profit. $100m to pay out $20m +12% interest a year (roughly $30m) We potentially get a $70m profit out of the deal. Without finding any more gold in the new leases.
1.8c a share profit from the purchase. I think we have had 2 debentures to fund activities before, so this one appears to me to be a good solution. It does erk me that as a long term shareholder I cannot participate in the debenture but speed in these things sometimes wins out for the company.
I do think this deal makes us a $300m+ market cap now but with anything BCN it will take time for the market to digest.
So extra 100,000 ounces at $1,000/ounce profit. $100m to pay out...
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.91M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $14.90K | 596.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1138143 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1243722 | 4 |
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| Last trade - 10.34am 23/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |