Ann: Trading Halt, page-70

These guys have been around. I can only assume they got some bad advice on the timing and how they went about this placement. They have always been on the front foot. Smells like some new players dropped the ball imo. I see new brokers were part of the placement. Perhaps that had caused some delay at some level! This cant be changed. The company is now capped at $60m with approx $12m cash. The EV of this is unbelievable. This is trading around $20 per ounce as opposed to the peer average of $85. On the numbers, BC8 is trading at a mega discount, and should be trading at a multiple of the current price. I think this also shows us just how hard the market is for resource stocks. Some wild cat new stuff can raise on hype. Stunning opportunity for those who can see the assets paying off. dyor