The absorption of shares is stronger than I expected. I do hope JB is part of the selling today so that she is out of the picture soonest.
I think people are underestimating QM. There is no way that Quantum will not want to see this project successfully moving into production. They now are a 30%-32% shareholder in BEZ. They are now a $760mil deal off-take customer with AUD $38mil deposit already paid into BEZ's account.
They may have their own funding issue now but they can sort it out once they apply for licence to continue to issue gold notes to their investors. With that much skin in the game it is their interest to see their investment in BEZ as a shareholder and as an off-take customer to succeed and generate profit.
When common-sense comes back and the panic sellers are done, this thing can explode on a single positive update.
BEZ can also sign on other off-take customers with the help of Noble Venture Pty and with the help of QUANTUM itself.
BEZ Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
