"A few delays along the way, plus increased capex and aisc shows the impact of the current tighter market. That's all good but the downside is the potential $90-100m equity raising coming in the next few months. BDC will have around another 1.5b shares on issue if the sp stays capped as it is now. I can't see where the catalyst for sp appreciation will come from with no huge drill results to excite the market. The ground is quite mature so unlikely to be any hidden gems to spark a run imo."
You make some sense here, Red. No catalyst at all for share appreciation for the next 12-18 months.
Retails would be like walking into a barber shop to take a haircut & get fleeced...
BDC Price at posting:
6.6¢ Sentiment: Sell Disclosure: Not Held
