B2Y 0.00% 2.9¢ bounty mining limited

Funding Event This is just a brainstorm. Ernie has been...

  1. 280 Posts.
    lightbulb Created with Sketch. 17
    Funding Event

    This is just a brainstorm.

    Ernie has been accumulating. He has about 17.5% of shares (66 millionish)
    For him to get to 19.9% he needs +-10 million, for a total of about 76 millionish.
    Now he been buying slightly higher so sees value, this may be a opportunity for a loan to B2Y for convertible shares at a discount say 15-20% from prices prior to trading halt.
    B2Y will use this funding for equipment upgrade to increase production or very least better efficient machines.

    Win win all round. Little dilution, but might get B2Y up to forecast production targets.
 
watchlist Created with Sketch. Add B2Y (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.