Not much Mike can do about one of the several parties that make up the buyer consortium having what appears to be second thoughts. Yes, IMO the market needed to be kept informed on say a monthly basis once the quoted 30 day period had lapsed, but other than that, all business activities involve risk and this sort of thing can happen.
Anyone who thought that the signing a Sale Agreement meant that the money was in the bank is being naive.
A deal is NEVER completed until the money is in the bank. Until then, anything can (and often does) happen.
As far as the big picture goes, yes I agree that it's time to get the SP moving. I've been on the register since May 2007, with a serious position since October 2009. I cannot afford to hold a non performing investment for much longer and I'm sure many here are in the same boat. IMO the next 6 months will be make or break for BMB.
IMO unlike Monty, Nowa Ruda and Togo do have the size and scale to get the SP moving assuming dilution does not kill us again as it has done in the past. Blind Freddy knows that we are now low on cash, here's hoping either the Balkans deal is closed in the next week or so, or funds are raised at the project level (as has been previously flagged by the Company as the preferred method of raising capital), as a standard CR would be a disaster at this point in time, both from a credibility point of view and also from a SP point of view.
BMB Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
