How do you get $14M? $1.4M Cash + $5M facility = $6.4.
That aside, the draw down from Acuity Capital doesn't come free of charge. Shares are issued diluting shareholders. More importantly, unless something material is announced, and with cash running low, that is going to be at a low share price which will have the added effect of placing downward pressure on the share price because they need to sell them into the market.
TBH, you and spend_it have been saying funding is just around the corner for a couple of years and yet nothing. Committed Off-takes won't happen unless a mine is financed, so they are also unlikely in the near future.
The only thing that is certain, is time passing and cash being spent. History repeats for explorers. Hype and ramping won't work this time.
- Forums
- ASX - By Stock
- BML
- Ann: Quarterly Activities / 5B Cashflow Report
Ann: Quarterly Activities / 5B Cashflow Report, page-22
- There are more pages in this discussion • 11 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 BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.67M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 11.0¢ | $24.72K | 224.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 676600 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 55076 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 676600 | 0.105 |
26 | 992321 | 0.100 |
1 | 5112 | 0.098 |
1 | 5155 | 0.097 |
3 | 120000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 55076 | 3 |
0.120 | 225875 | 3 |
0.125 | 70000 | 2 |
0.130 | 324000 | 3 |
0.135 | 72157 | 3 |
Last trade - 15.59pm 13/06/2024 (20 minute delay) ? |
|
|||||
Last
11.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
11.0¢ | 11.0¢ | 11.0¢ | 95000 | ||
Last updated 15.39pm 13/06/2024 ? |
Featured News
BML (ASX) Chart |