Good comments Fang and !912. we have had difficulty unwinding...

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Pareneuve

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04/05/20

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Post #: 44430558
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Originally posted by 1912: ↑

Fang and Straws

From what I can see a 1 for 30 reconsruction or similar is a must, which would then result in approx 209m shares on issue post reconstruction.

Based on the last sale price of .001c per share - at a time when the Company had very little - the 209m shares on issue under a 1 for 30 reconstruction for example could cap the Company at circa $6m or 3c per share - all things being equal.

Initially this is probably uinlikely, as I would expect there would be plenty of selling pressure on a relisting that would test the SP since numerous people would likely want to get some cash back at any price...

However once that is over, depending on whether Barkly is the real deal or not and subject to further positive drilling data being proven, then the stock would likely have some legs.

Being reasonably tightly held, a fresh cap raise could then be offered which would likely have the backing of share holders and underwriters.

To us mere outsiders, it seems the Board is having difficulty in bringing sufficient additional "new money" into the Company which is probably causing angst between it, the ASX and a subsequent relisting.

This Company could still be a goer if the Barkly gold/copper comes up with further strong results.

Time will tell but it needs a couple of "supporters" who are willing to put dollars where their mouth is to fix the current impasse IMO.

Maybe they are waiting on further drilling results but that will not come without having the cash for further drilling - that is the problem as I see it.

In the interim we wait and wait .....

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Good comments Fang and !912. we have had difficulty unwinding previous boards average deals to keep control . nearly there . we will have the funds 1912 . i should be able to update you in 3 days , the guys are making an ASX submission this week and we have come to an agreement with Jim

BDI Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $12.42M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$1.131K	86.99K

Buyers (Bids)

No.	Vol.	Price($)
2	174921	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	473765	5

View Market Depth

No.	Vol.	Price($)
2	174921	0.013
6	1756322	0.012
3	541798	0.011
6	1449995	0.010
1	100000	0.009

Price($)	Vol.	No.
0.014	473765	5
0.015	1373000	5
0.016	300000	1
0.017	857734	3
0.018	615385	1

Last trade - 10.08am 05/11/2024 (20 minute delay)

TMS (ASX) Chart

Good comments Fang and !912. we have had difficulty unwinding...

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Good comments Fang and !912. we have had difficulty unwinding...

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