BSX 5.88% 3.6¢ blackstone minerals limited

Ann: Trading Halt, page-111

  1. 1,859 Posts.
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    The negativity is coming from the way this was handled i think. Scotty can say that he wants to minimize dilution to shareholder in addition to saying saying that they have partners at the ready then stump up a 25% dilutionary raise at a 17% discount to the current price. Don't say you want to do something then do the opposite.

    Do people forget that the last raise at 42c stopped momentum and saw a retrace to the 30's- took 5-6 months for it to recover. 1 year later, we just start strong momentum going for another run with significant milestone NR to come and bang a significant raise adding 25% additional stock on market. Timing is everything and unfortunately this is the second time timing has been very questionable.

    The only saving grace is the 2 tranches so less of a shock on market.

    Yes cash is needed, yes this is an exciting stock etc etc Long term hold etc etc Nickel, green bla bla.

    Maybe I'm just impatient but I want to see the number 1 in front of the price before the years up.
 
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Last
3.6¢
Change
0.002(5.88%)
Mkt cap ! $18.94M
Open High Low Value Volume
3.4¢ 3.6¢ 3.0¢ $6.982K 203.9K

Buyers (Bids)

No. Vol. Price($)
3 179219 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 82192 1
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Last trade - 15.42pm 08/08/2024 (20 minute delay) ?
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