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32.3%

6.7¢ besra gold inc.

Ann: US$300m Facility - Conditions Precedent Satisfied, page-87

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02/10/23

16:14

Post #: 70133088
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Originally posted by ronme: ↑

Until Pangea sell those 9.9mio shares the price is going nowhere.
Don't forget if you have read the 2021 prospectuses the Pangea CDI holding were previous loans at a 12% interest which they converted into CDIs.
Pangea is an investment capital provider and now wants to get their money back to move onto their next investment which is another explorer in Canada (you can do the research and see what that one is).
They were never going to be a long-term investor (refer BEZ IPO Prospectus - go read it) as that is not what they are about.

This is my own research but best to do your own and then make a decision rather than float unresearched theories.

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It's plausible that Pangaea sold those 10m over the last 2 weeks (over 27m traded in that period), just leaving the bare 40m to come out of escrow.

Besty might be proposing that if the take-over (30%) rule doesn't apply, that Quantum may proceed to block-purchase them?

BEZ Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.7¢		Change -0.032(32.3%)		Mkt cap ! $29.68M

Open	High	Low	Value	Volume
8.5¢	8.5¢	6.5¢	$240.5K	3.447M

Buyers (Bids)

No.	Vol.	Price($)
6	386756	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	88621	1

View Market Depth

No.	Vol.	Price($)
1	159473	0.067
6	386756	0.066
6	465639	0.065
1	13000	0.064
2	20792	0.062

Price($)	Vol.	No.
0.068	88621	1
0.069	6748	1
0.070	147795	1
0.071	152000	2
0.072	13500	1

Last trade - 12.40pm 17/07/2024 (20 minute delay)

BEZ (ASX) Chart