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0.8¢ iondrive limited

Odd. BMV seem to have very little cash on their own account and...

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nzsky

255 Posts.

37

25/04/20

13:32

Post #: 44251258
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Originally posted by 1982: ↑

Bluebird has reached 4p a share, valuing them at around A$28m.
We sit at A$14m.

Bluebird sort their finance, and we tag along for the ride to production, on the projects we handed the keys to them with.
Will Metal Tiger, the Flannery's etc allow us to use recently raised funds for our share of capex to get to production? Or will Simon offer a further heavily discounted raise for production funding? Or possibly piggy back off Bluebird's round of debt funding? Who knows.

Reports available online that Bluebird have been reviewing economic modelling on ***ong and Kochang in light of the increased POG. Should make the economics of the mines so much more appealing (if they ever get there)

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Odd. BMV seem to have very little cash on their own account and seem to exist with financing. The only projects active for BMV are ***ong & Kochang. I think both companies are banking on these 2 mines.

SAU Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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