Chicodechio, why would it make you nervous? You have disclosed that you don't hold BGD.
Your points above are a little selective in conclusions:
a) BGD did not lose $5 million in the last quarter. Rather they expended circa $4.6m on a raft of exploration activities that equated to an accelerated quarterly expenditure equivalent to 3 times the usual quarterly expenditure.
b) They did not receive an ASX query. Rather they filled in the boxes in the 5B as an arithmetical disclosure. Further the 5B explanation of future funding explained that cash and gold concentrate equivalent is circa $9m, which based on historical quarterly expenditure. Do the arithmetic, and you will see that it should last around 5.8 quarters.
c) The three substantial holder notices reveal that each reduced their holding by exactly 1% of SOI and that they all remain substantial holders. The total shares sold amount to appox 5.7million of which, 3 million were settled on 20/11/23. For the 5.7 million shares sold, buyers were available and perhaps there might be a little corporate positioning going on behind the scenes?
There is nothing that makes me nervous about BGD and the upcoming assays for both sites should give further indications about the robustness of the projects.
Cheers
Mulac1
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24.5¢ |
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Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 24.5¢ | $26.72K | 103.5K |
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No. | Vol. | Price($) |
---|---|---|
2 | 17452 | 24.5¢ |
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Price($) | Vol. | No. |
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25.0¢ | 25000 | 1 |
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No. | Vol. | Price($) |
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2 | 17452 | 0.245 |
1 | 7000 | 0.240 |
2 | 18199 | 0.235 |
3 | 11250 | 0.230 |
1 | 12345 | 0.225 |
Price($) | Vol. | No. |
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0.250 | 25000 | 1 |
0.255 | 34276 | 1 |
0.260 | 56183 | 2 |
0.265 | 42000 | 3 |
0.270 | 548924 | 6 |
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