BGL 2.16% $1.14 bellevue gold limited

Great drill results but the size of the exploration budget at...

  1. 37 Posts.
    lightbulb Created with Sketch. 24
    Great drill results but the size of the exploration budget at +/- $10 million per quarter with only $20 million in the bank makes me nervous. Rolling the dice that the resource upgrade will support a CR at current to higher prices. Can't afford to stumble ( a drill rig goes down, dewatering pumps break, etc) and/or the market hiccups just before the CR and we're forced to raise less $ at a lower price just to survive. Shorts love this setup. I hope that I'm wrong because I really like the BGL premise of a very high potential, brownfield exploration play. I was planning on increasing my position until I saw the cash flow report. In my experience small companies can only manage one major risk at a time. Here we have two, an exploration risk and a financial risk. Will await developments and if I have to pay a higher price, so be it.
 
watchlist Created with Sketch. Add BGL (ASX) to my watchlist
(20min delay)
Last
$1.14
Change
-0.025(2.16%)
Mkt cap ! $1.452B
Open High Low Value Volume
$1.17 $1.17 $1.13 $14.61M 12.79M

Buyers (Bids)

No. Vol. Price($)
1 647 $1.14
 

Sellers (Offers)

Price($) Vol. No.
$1.14 109596 6
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
BGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.