I've been very bullish on BML for quite sometime, great looking...

First 28 Last

Share
Profile

Follow
Warcrow

165 Posts.

42

24/11/22

10:53

Post #: 64959945
Share

Originally posted by sinic: ↑

My word you're all so quick to stab someone in the neck!

You're working on the assumption that the market is going to keep going up, but if the market tanks again and takes BML down with it, then this will turn out to be a masterstroke.

If it doesn't, there will only be another $3.5m worth of stock on the market, not exactly a wipeout. Better than being 15c and broke.

Also, when it comes to whether this is a lie or not, you will be pleased to know that the funding is for works post-DFS, not the DFS - like the camp refurb, FID costs and EPC design - not the DFS, which was fully funded as stated.

They're still quoting the DFS coming in this quarter, the offtake agreements and drill results - but this is all for what comes next and its better to get it done now, in my opinion, than wait until they drop the DFS. If they drop the DFS without having any money to do any of the things that come after, what do you think the stock price will do, irregardless of the quality of the DFS?

Capisce?

Expand

I've been very bullish on BML for quite sometime, great looking project IMO, however this latest announcement is pretty disappointing.

Sure I'm happy we didn't have to raise when we were sub 20c, but I'd likely have been more supportive had they got the DFS out earlier, then raised.

I can't complain about not being involved in this raise as I had ample opportunity to buy well below my average.

Hopefully we'll get some good news shortly and we can forget all about this.

BML Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

There are more pages in this discussion • 119 more messages in this thread...

First 28 Last

Add BML (ASX) to my watchlist

(20min delay)
Last 9.3¢		Change -0.002(2.11%)		Mkt cap ! $21.70M

Open	High	Low	Value	Volume
9.7¢	9.7¢	9.2¢	$73.34K	780.1K

Buyers (Bids)

No.	Vol.	Price($)
1	2827	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	250000	1

View Market Depth

No.	Vol.	Price($)
1	2827	0.093
2	31739	0.092
1	97000	0.091
2	105560	0.090
2	100000	0.086

Price($)	Vol.	No.
0.094	250000	1
0.097	25177	1
0.098	100000	1
0.099	32500	1
0.100	36000	2

Last trade - 15.47pm 26/06/2024 (20 minute delay)

BML (ASX) Chart

I've been very bullish on BML for quite sometime, great looking...

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I've been very bullish on BML for quite sometime, great looking...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News