Bit of selling today ?

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saozzi

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01/10/19

14:14

Post #: 40664327
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Originally posted by Wombat2 ↑

Hi Scombley
I agree whole heartedly with you that a re-rating is highly probable given the size of the existing JORC resource and an uplift in that by about 10 to 15% very possible based upon drill results received todate.

Just as important is the strategy being executed so well by the BOD which includes a bunch of highly experienced geos and miners. Robert Ryan our MD has an enormous amount of experience in the Bardoc region and we are most fortunate to have someone of his experience and calibre leading this company forward. With the new tenements acquired in recent months this CR will allow the company to commence drilling these new land parcels. Who knows what they will find??

If the company raises cash at 10c or only a 10% discount to the last closing share price that will be a very good (relatively cheap) CR and place the company in a great position to take the company forward to expanding the drilling program, metallurgical testing, PFS and DFS.

I do like the idea of the free options on a 1 for 2 basis at 16 cents which is 45.5% above the current SP. They are going to require further very good results before they are in the money so it is not just an easy give away to Sophs and hopefully SHs if there is a Shareholder Placement Plan as some have mentioned.

Lots of blue sky possible in regard to a large SP rerating by Xmas IMHO.

Chrs W2

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Bit of selling today ?

BDC Price at posting: 9.9¢ Sentiment: None Disclosure: Held
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