Be careful people, you have a significant Chinese investor having the ability to place a dagger into the heart of this organization due to the voting power of influence. Meaning that the organization is very much reliant on the actions and any back ground future planning that this investor may have.
In addition to the above, expenditure by way of drilling exploration, engagement of third party asset evaluators/technical reporting and a commitment to inject significant infrastructure funds places additional capital raising high on the agenda, this has been alluded to in this mornings presentation.
Dilution may be around the corner, this organization may look favorable in couple of years but placing investment into an organization who is just about to enter the highs of funding requirements could prove to be a less than income generating decision.
I do however wish you the every best, I'll come back in a couple of years but will be watching from the sidelines.
- Forums
- ASX - By Stock
- BMB
- Ann: Inside Briefing
Ann: Inside Briefing, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online