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10.6% 5.2¢ blackstone minerals limited

Ann: Blackstone to raise $21M in Placement and SPP, page-47

  1. mercsman
    543 Posts.
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    14/09/20
    14:29
    Post #: 47324590

    Exactly.

    I'm not disputing a CR, but I sure am disputing the need to do it RIGHT NOW.

    People here can't seriously believe that BSX raising funds 2-3 weeks before some big (positive) announcements is BSX taking care of EXISTING shareholders. I have no doubts the SP would be north of $0.70 without this raise post these announcements, allowing a CR at $0.62, and a lot less shares being issued.

    You can't argue that a CR in 4 weeks time would not have been successful IF you believe the long term potential of BSX is solid. We, as existing shareholders are NOT being looked after as well as we could have been.

    But, I'm here for the long term potential, which is why I am holding. I'm also not here for Tesla, we don't need them at all.
    BSX Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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