BCN 0.00% 2.8¢ beacon minerals limited

corktree my take is that the directors personal financial...

  1. 539 Posts.
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    corktree my take is that the directors personal financial position is quite sound.

    They after all have been able to stump up the money when needed to support BCNs growth.

    Or buy BCN stock from time to time.

    I do remember a time when the convert millions of $ of options to complete the mill build.

    For OBM to settle the litigation and agree to sell this project I'm sure their lawyers would have asked the money to have been either backed with a bank guarantee or have it parked up in a trust fund somewhere.

    I'm a bit bemused also about the general comments that ppl wanted script being issued to settle the deal, one minute their are complaints about too many shares and now others suggest that's what should be issued.

    This transaction is quite simple for shareholders.

    Is the price fair?
    Does it add value?
    Why weren't we given a chance to vote on it, after all the asx has been happy for it to progress this far!
    Last edited by Yilgangie: 22/07/23
 
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