EMR extended the loan facility from $13M to $16M on March 12th
BZ have drawn down $13.7M to date, $12M of which has been drawn down in 2024 - so quite a ramp up in costs.
Once the offer has closed - BZ will undertake a fundraising to pay back the $16m as well as fund ongoing drilling and exploration activities and working capital requirements.
No more loans from EMR, paid back in arrears - time to raise funds in advance now (as well as pay back the $16M borrowed) And I'm assuming that will be done by issuance of new shares (and dilution of non EMR holders who don't take up their rights). Last fundraising was 1 share for every 21 held, at 29c per share,
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Last
$3.56 |
Change
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Mkt cap ! $2.318B |
Open | High | Low | Value | Volume |
$3.47 | $3.59 | $3.46 | $1.746M | 492.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 1992 | $3.56 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.57 | 18046 | 21 |
View Market Depth
No. | Vol. | Price($) |
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6 | 2276 | 3.560 |
28 | 18403 | 3.550 |
20 | 31547 | 3.540 |
15 | 18217 | 3.530 |
12 | 171031 | 3.520 |
Price($) | Vol. | No. |
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3.570 | 17801 | 23 |
3.580 | 22659 | 16 |
3.590 | 48939 | 14 |
3.600 | 21511 | 11 |
3.610 | 9139 | 10 |
Last trade - 12.22pm 13/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 12.41pm 13/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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