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52.0¢ bardoc gold limited

Thin trading is an issue as it moves SP on low volumes today....

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essentialscutty

801 Posts.

108

02/12/21

18:08

Post #: 58032740
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Originally posted by red-frog: ↑

Companies always sell that story, though if that was the case they would've tightened the register to more like 20:1 so the sp was above $1.

When it was Spitfire, the company did a 10:1 and then raised cheap cash soon after.

Shareholders have seen the soi blow out from 105m to 1.76b, now there's a 6:1 consol.

Unless a significant deal is done in the short term, the sp will keep drifting down and another round of dilutionary raisings will follow as sure as night follows day. About $25m spent since July 2020 for very little to show for it. $10m left as of Sept 2021.

The clock is ticking.

As it is now, the sp is below .06 in the old money. Last sale of BDCDB was at .35

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Thin trading is an issue as it moves SP on low volumes today. Board is on notice to act.

BDC Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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