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7.69%

18.0¢ burgundy diamond mines limited

Yes you are right Canonman, the share price strength lasts for...

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numis

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18/10/22

11:32

Post #: 64252552
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Originally posted by canonman: ↑

This company has only raised once last year, 26/7/21, and it was all done behind doors with HNW individuals.
6 weeks prior to that was the SAIMM diamond conference at which we presented.
And it was 3 months prior to that there was an investor presentation.

Next preso after that raise was, you guessed it, 3 months later (29/9/21, followed by another earlier this year in May. So it seems they put our presos for information sake and not specifically aimed at a CR.

Also, the SP rise before a CR usually lasts longer than a day and can see a SP rise significantly or even double from past experiences, well 25 years worth of experience anyway.

So in this case Im leaning with rizzla and reckon its just illiquidity buying spiking SP, same as it does when someone tries to sell.

In time this will become more liquid, when MC gets into the $b's. IMO

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Yes you are right Canonman, the share price strength lasts for more than 1 day. I was just implying it was the start of a potential cap raise. Cheers

BDM Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change -0.015(7.69%)		Mkt cap ! $255.8M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$85.61K	470.8K

Buyers (Bids)

No.	Vol.	Price($)
1	27777	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	19999	0.180
1	85714	0.175
1	25000	0.170
4	378913	0.165
9	319272	0.160

Price($)	Vol.	No.
0.170	20000	1
0.190	228000	2
0.195	204062	2
0.200	272449	3
0.205	46590	1

Last trade - 15.41pm 11/07/2024 (20 minute delay)

BDM (ASX) Chart