BML 8.57% 9.6¢ boab metals limited

Ann: Quarterly Activities / Appendix 5B Cashflow Report, page-98

  1. 2,607 Posts.
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    facts don't care about your feelings. This company has missed milestones THEY outlined 18 months ago by more than half a year and with no prospect of meeting them in the next 6 months. Anyone investing should be aware that the resource will not be extracted until 2026 at a minimum and the best outcome this year will be minimal dilution, drilling (mid year) and results (end of year). If this doesn't turn into an expansion of resource the fact is that an 8 year mine with high risk of return - will not be funded. They may sell it on and liquidate or keep holding on while sapping money to keep the lights on.

    Have a look at what is in front of you, the track record and the baseless ramping from the "spoiler room". 50% from recent highs 85% down from all time. Not too long ago this was sub 8c and what has materially changed to ensure it won't be there again?
 
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