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Ann: Letter of Intent for Sale of the Bougouni Lithium Project, page-91

  1. Torbreck
    12,639 Posts.
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    03/01/17
    11:12
    Post #: 21647906
    I don't think the market will value BGS on 100% cash backed since there is uncertainty on what the next acquisition will be... They may spend the $100m on a dud asset...FWIW, it is a low ball offer but just shows management were never in it for the long haul, wanted to make a quick buck then out... Not really a good way to treat loyal shareholders who will probably see none of the cash
    BGS Price at posting: 40.0¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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