BGL 2.23% $1.15 bellevue gold limited

Ann: Successful completion of A$150M placement, page-130

  1. 272 Posts.
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    Even with all the b****s**** on this cap raise...in retrospect, they probably did it at what may look like an opportune time all things considered. Still not happy with the conduct, but at least they've taken some risk off the table, making money and with gold holding, there's margin preservation. Big picture wise, BGL probably isn't in bad shape to some extent. If the US keeps sliding, oil retracting etc etc might squeeze the Fed's nuts and rate drops could then be accelerated...which points to upside for POG.
 
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$1.15
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