Still falling...despite A$ gold strength. With BDC SP now at 4.3c the Merger Index (1 + 1 = 3) now down to 1.11.
Will we reach parity (BDC = 3.84c)? Probably so given EXG's former cash reserves now depleted and without any outstanding new discoveries from drilling giving a pump the impending CR (imminent) will likely see the Merger Index go below parity (1 + 1 = 1).
Directors never seem to learn that cash is king and when cash is depleted the king becomes a pauper - to get whipped for his mismanagement and bear the wrath of his subjects paying the pain in new taxes.
If I was a poet I would write an ode to selling out when I know mergers are wrong.
EXG Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
