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0.00% 52.0¢ bardoc gold limited

Ann: Entitlement Issue Offer Booklet Despatched, page-7

  1. PhilMiner
    264 Posts.
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    26/03/19
    17:37
    Post #: 37890535
    My observation is that Bardoc was capitised at about $100 million after the merger, which as it turns out is a bit rich for a company at this stage of the development cycle, especially one with apparently no cash. So, the rights issue is probably where it is, because of the bloated value of the enterprise.

    Last edited by PhilMiner: 26/03/19
    BDC Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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