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3.33% 8.7¢ boab metals limited

Well, as existing funds (pre Acuity deal) dry up, its going to...

  1. JoeSalami
    2,207 Posts.
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    16/01/24
    10:04
    Post #: 71896722
    Well, as existing funds (pre Acuity deal) dry up, its going to be pretty difficult to achieve.

    Short of silver going to da moon, there will be significant pressure on the balance sheet, which only had $3M at the end of the last quarter, with a $1.5M quarterly average spend.

    If they are forced to issue shares to capitalize and silver doesn't go to da moon (hasn't for 4 years), then there will be a lot of pressure on the share price.

    Not ideal.
    BML Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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