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11.5¢ boab metals limited

Ann: Funding Agreement with Acuity Capital, page-32

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falcon347

2,435 Posts.

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22/12/23

10:46

Post #: 71586059
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Originally posted by ratmill: ↑

Jesus, this clearly shows that the pumpers could get dragged through the coals and still thank management. No matter what happens here they will never admit they are wrong.

They couldn't organise a standard cap raise and have gone to one sole company that has no risk at all in participation due to being able to sell at any time for profit.

The company didn't have a better option and has had to resort to this.

$5m will pay for everyone's over the top wages and that's it.

The Writings is on the wall here..

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You aren't understanding the announcement properly.
If the company went through the standard route they would have had to pay a broker for organising it, they would have had to raise at a discount and then the sp would drop over the next few weeks to the cap raise price.

BML Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $26.84M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.3¢	$24.08K	209.4K

Buyers (Bids)

No.	Vol.	Price($)
13	424673	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	19843	1

View Market Depth

No.	Vol.	Price($)
13	424673	0.110
12	574378	0.105
27	1065709	0.100
1	50505	0.099
2	5113	0.098

Price($)	Vol.	No.
0.115	19843	1
0.120	272496	3
0.125	191014	5
0.130	228392	3
0.135	30000	1

Last trade - 15.16pm 05/06/2024 (20 minute delay)


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