BML

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8.7¢ boab metals limited

Ann: Trading Halt, page-29

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AuGeologist

322 Posts.

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24/11/22

10:53

Post #: 64959948
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Originally posted by plough: ↑

"Obviously, the DFS is not positive and they are worried about a negative impact on the share price so they have decided to raise now.'

you are making an assumption , it is not obvious that the DFS is not positive , would agree if you had used the word possible rather than obvious

Expand

That's a fair comment, I certainly can't be sure though I feel strongly regarding it.

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

how do you know it's for work post DFS? and if it is, why is the dfs not released and why do we not have finance to fund post dfs work? Afterall, we have been paying a guy to secure us finance for over a year now and we supposedly have a bunch of competitive offtake we could use to minimise dilution.

BML Price at posting: 32.5¢ Sentiment: Sell Disclosure: Held
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Last 8.7¢		Change -0.003(3.33%)		Mkt cap ! $20.30M

Open	High	Low	Value	Volume
9.2¢	9.2¢	8.7¢	$68.04K	764.4K

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Price($)	Vol.	No.
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0.097	25177	1
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