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1.14%

8.7¢ burley minerals ltd

Yes, only $400k quoted, but then you add all the other admin...

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Lindso47

791 Posts.

1

11/04/16

20:38

Post #: 17476477
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Originally posted by rnclarke76 ↑

Please have a look at the proposed capital structure. Market Cap will be $24.5M once it relists as SSG.

Also there is no need for further capital raising. Each nano satellite costs only $400K AUD which includes the complete build and launch into space. They will struggle to burn through their $5M+ cash especially since they will only be launching 3 next year. Once those have been successful scaling won't be a problem.

The software has already been made to communicate between satellites so there is no further expense from that end.

With Pan African Telecom buying every ounce of bandwidth at market rates and providing optional launch facilities this company is very much set.

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Yes, only $400k quoted, but then you add all the other admin costs PLUS quite reasonable salaries and it will burn. I'm sure they didn't raise all this juicy cash just to have it sit there.

BUR Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.7¢		Change -0.001(1.14%)		Mkt cap ! $13.08M

Open	High	Low	Value	Volume
9.1¢	9.1¢	7.9¢	$17.63K	202.1K

Buyers (Bids)

No.	Vol.	Price($)
1	122701	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	13861	1

View Market Depth

No.	Vol.	Price($)
1	122701	0.079
1	100000	0.078
1	13333	0.075
4	122856	0.070
1	20000	0.065

Price($)	Vol.	No.
0.089	13861	1
0.090	60000	1
0.091	68382	3
0.125	38666	2
0.130	100000	1

Last trade - 11.00am 01/11/2024 (20 minute delay)

BUR (ASX) Chart