BMO 0.00% 0.6¢ bastion minerals limited

Ann: Work Commences to Follow Up 8.5% Cu & 7.27% TREO - Sweden, page-11

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  1. 3,904 Posts.
    lightbulb Created with Sketch. 495
    having one stock 10x from low in 2020 is not necessarily special, especially with likes of BMO also in the portfolio.
    you're probably more part of the problem.
    because you don't state what is.

    management spending 4x what is a reasonable amount on themselves per quarter.
    draining cash.
    buying new projects in the hope of a pump to save themselves, further diluting.
    and straining cash requirements even further to cover the spend on those projects.
    raising at lower and lower prices in a death spiral.
    sure, a miracle find could happen, but probabilities.
    Last edited by Empty Nose: 18/05/24
 
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