If they dont even need the cash immediately for immediate overheads why not just cut back on expenditure to shore up the books temporarily and cash build. Extending the raise until the end of the month makes no sense at all as they are telegraphing to market they dont really need the cash in the short term as it will be another couple of weeks now until they can access it.
Whats going on, over $4000 Gold price - and they need to tap out investors after they have just (over)paid themselves for a tenement.. why not just delay that payment to avoid MORE dulution. So very frustrating and honeslty seems intentional here.
Burning long term loyal holders that have held through so very unsatisfactory times during a massive gold surge.. Not making any friends with this financial mismanagement but i bet they will mop up the shortfall at rock bottom offer price to their own advantage. I am embarrassed that i recommended this stock to family and friends and financially its been a heartbreaker.. i don't even talk to my parents anymore its so bad here and my bank account is a laughing stock!
Kalgoorlie is a very small town.. bet these guys send there wives to the supermarket and have drinks at home nowdays!!
BCN Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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