I feel for BGL shareholders, just been going back over the recent announcements and if the MoM guys are right this is not just the usual dip on the CR - they really have a challenge ahead to mine sufficient ore in coming quarters to fill their mill while they are trying to develop and add infrastructure.
I agree @Peppie - I first thought this might scare people off SPR but the more I look they are chalk and cheese - because of the debt (for a start). With a Market Cap in the mid $1.5bn region I think SPR shareholders would prefer a CR for whatever startup capital is needed (I certainly would) to keep the wolves away and create space and time to be strategic during startup. I also think the market may now actually pay a premium for SPR because it has no debt. This video by MoM is looking spot on right now in terms of funding using debt (starting at 14:55)
https://youtu.be/aUjqYB7Dop8?si=aVtJZKcf-AoPH1um
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4 | 44153 | 1.260 |
1 | 20000 | 1.255 |
11 | 122117 | 1.250 |
2 | 25567 | 1.245 |
Price($) | Vol. | No. |
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1.280 | 275738 | 6 |
1.285 | 117700 | 3 |
1.290 | 155000 | 4 |
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1.305 | 40272 | 2 |
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