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5.4¢ blackstone minerals limited

If.it happens that way, their CR should be at quite a low VWAP...

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rick26

5,078 Posts.

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16/06/21

12:18

Post #: 53871887
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Originally posted by rick26: ↑

My guess as to the reason why Ecopro hasn't matched Delphi et al, in buying on market to increase their stake is that BSX will need more capital for it's share of the initial investment in the DBU, therefore as it is intended to be a joint venture, with Ecopro responsible for 50% of the funding and BSX the other 50, Ecopro might consider increasing it's stake in BSX (and maintaining it's position on the Board) by participating in a CR at that point, as well as funding it's 50%. In that way they will have more of a controlling interest, tempered by not fully controlling BSX. Hope it works out that way.

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If.it happens that way, their CR should be at quite a low VWAP when compared to waiting until after the PFS sends the SP North, and historical highs... Perhaps that might be why the Board, of which Ecopro is, IMO, the most important member as far as the Company's immediate future is concerned, as previously indicated by it's stated plans, seems to be keeping the SP suppressed in my view.

BSX Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $28.36M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.4¢	$2.7K	50K

Buyers (Bids)

No.	Vol.	Price($)
1	90000	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	90000	0.047
1	42575	0.046
2	113500	0.045
1	31874	0.044
2	106000	0.042

Price($)	Vol.	No.
0.053	10000	1
0.054	618173	2
0.056	43000	1
0.057	20000	1
0.060	64250	2

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