Well at least BMG will be raising money at 2.1c (0.1c to get options and 2c exercise price), massive premium. Directors will be taking up all their options. Essentially they are funding the drill program.
While GLN is famous for raising shares at bottom and then collapsed. They raised $4 million at 27.5c, holders were whinging to low back then. Now probably raising at 15c. Too low? They pumped $4 million into the ground, share price went from 30c to 16c. Nice work.
When BMG was at 0.7c, GLN was at 41c. Now BMG at 1.3 to 1.5c, how come GLN spend millions (i think about $7 millions) on drilling now down to as low as 16c? Yet BMG only completed $30,000 geophysics.
Yes, BMG can aggressive drill holes like GLN spending $2 million per quarter. But GLN drill results translate to lower and lower share price and more raising at bottom.
At least BMG is conservative in spending. Yes, I agree a bit slow. But fast pacing companies just wasting millions and get lower share price.
Well at least BMG will be raising money at 2.1c (0.1c to get...
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $6.972M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $1.113K | 93.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5201461 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1064583 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
-0.002 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.2¢ | 1.1¢ | 89752 | ||
| Last updated 15.34pm 03/05/2024 ? | |||||
| BMG (ASX) Chart |