It's up 20% in the last 6 months, so not sure how that's nothing?
BGL is an explorer and it's only source of funds to conduct exploration is to do capital raises. So dilution is expected along the way and anyone that thinks dilution should not occur is frankly delusional. Fundamentally, here dilution is a problem is when the company goes on to spend the money from the capital raise on non-productive activities and does not achieve greater shareholder value. Provided that the capital raise funds are used to fund resource expansion drilling and hence increases shareholder value, then I'm not opposed to it.
Also, I hardly think that new shareholders should have bought into BGL more recently with an expectation that it would continue to increase its sp at the same rate as occurred since the start of 2018, given that during 2018 it went from no resource to 1.5Moz...
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$1.43 |
Change
0.045(3.25%) |
Mkt cap ! $1.830B |
Open | High | Low | Value | Volume |
$1.43 | $1.46 | $1.42 | $6.930M | 4.833M |
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No. | Vol. | Price($) |
---|---|---|
1 | 6000 | $1.43 |
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Price($) | Vol. | No. |
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$1.43 | 64055 | 2 |
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No. | Vol. | Price($) |
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1 | 5000 | 1.420 |
2 | 24000 | 1.410 |
2 | 30000 | 1.405 |
5 | 59383 | 1.400 |
1 | 712 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.430 | 60000 | 1 |
1.435 | 28000 | 1 |
1.440 | 3000 | 1 |
1.450 | 42000 | 1 |
1.460 | 31031 | 4 |
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