BSX blackstone minerals limited

SW's BS knows no bounds. Basic math states that equal would be...

  1. 680 Posts.
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    https://hotcopper.com.au/data/attachments/6790/6790993-3a22f3ecc382cc3846c2f83928389772.jpg

    SW's BS knows no bounds. Basic math states that equal would be 50% ownership each.

    "Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to announce the Company has
    entered into a binding scheme implementation deed (“SID”) with IDM International Limited (“IDM”) to
    facilitate a merger of equals
    , whereby the Company will acquire 100% of IDM in an all-scrip transaction to
    acquire the world class Mankayan Copper-Gold Project in the Philippines."

    "Pursuant to the terms of the SID, IDM shareholders will receive 7.4 Blackstone shares (“Consideration
    Shares”) for every 1 IDM share they hold, resulting in a post-deal shareholder composition of Blackstone
    shareholders holding 47% of the merged entity
    and IDM shareholders holding 53%."

    A cashless company with a failed project is going to merge with another cashless company with 64% ownership of a failed project which results in a more than doubling of SOI for ZERO $ in the coffers for exploration etc, and the same lying RAT is running the rock show.

    "On completion, each of Dr Frank Bierlein, Ms Alison Gaines and Mr Dan Lougher will resign as Directors of Blackstone."

    How can BSX function without an ESG expert such as Alison Gaines? Does Phillipino copper not require wokeness?

    So many more issues with this than I care to spend the time on detailing. The market has spoken and called BS.
 
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(20min delay)
Last
9.1¢
Change
-0.001(1.09%)
Mkt cap ! $62.45M
Open High Low Value Volume
9.1¢ 9.1¢ 8.8¢ $32.60K 363.3K

Buyers (Bids)

No. Vol. Price($)
1 8653 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.2¢ 50000 1
View Market Depth
Last trade - 15.51pm 17/06/2025 (20 minute delay) ?
BSX (ASX) Chart
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