They raised capital at 72c from Sophs and instos. The instos in BGD in particular are very astute (i.e. they can count). I wouldn't be concerned about future capital raises, more how to get in on them. I can wait till BGD come back to me given I went with the sophs and instos. to load up on the story to that point.
If I read between the lines of the asset bought from Cobra. I see an co. who are lightening off their gold to focus on REE. From BGD's side I see a company build into one that has 3 mills and becomes an attractive takeover target. Alex said he wanted to do that but at that stage I thought it was aspirational. less so now. Or he's doing it a lot faster than I expected.
All IMVHO
BGD Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
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