Busy day but was going to write earlier today that I was looking forward to seeing how those 500k "sellers" at 7c and 8c were feeling with all the buying interest. Looks like they crapped their pants and ran off as I thought they would.
What now? Lol - nothing for sale.
As I've mentioned before, MW had approval to issue 70m shares at 4c but only issued 30m so he doesn't dilute himself and Co more than he has to. Let's be conservative and say that he's planning to issue the rest at a price of at least 6-7c.
Going off that, and the recent issue price and current price that people jumping on now are paying means at people will be paying 2-2.5c higher than the next issue price of 6-7c?
$4.0m market cap (at the current share price of 6.5c) for the best MW/Cicero shell setup still looks very cheap to me.
Cheers and good luck.
GB.
BLZ Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
