Yes, especially those options been approved. It will be...

Yes, especially those options been approved. It will be over-subscribed IMHO and directors will take up their options.

Essentially it is capital raising at 2.1c at massive premium to 1.3c share price. IMHO 3-6c is easily achievable on good drill results. This options money ($6.9 million, plus $340K subscription fee, plus directors new options at 2.5c exercise price) can help company do something constructive to add value to the company. Further, the board is very conservative in utilising every dollar unlike other listed companies just blow millions down the drain and raise money at bottom.

I should have bought more BMGOA. I was worry if resolution 12 will not pass. Now I'm kicking myself.