Ok so doing my numbers(out loud) because I am LT holder (who keeps buying and has more bids in) and sees this as a long term play. Currently on Commsec there are approx. 1,528,000,000 shares. With this SPP there could be another $13.3million raised or another 360,000,000 shares and by Feb 2027 if all options exercised (unlikely) but possibly another 720,000,000 max. shares totaling 2,608,000,000. That sounds like a ridiculous number of shares for my liking! But could they be turning a profit in 3 years that could pay a $0.005 dividend which would cost $13,040,000??? This would entail a large number of unit sales but not that ridiculous I guess, and what would the SP be worth then I wonder?
GLTAH DYOR IMHO
BLG Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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