BBR 0.00% 4.7¢ bora bora resources limited

Acw I'm far from an expert on LMB, bought my first shares in...

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    Acw I'm far from an expert on LMB, bought my first shares in high 20's couple years ago and then have averaged all the way down to 15c ave I have now. Relieved to finally be back in the black at least on paper. I'm definitely a believer and no intention of selling until much higher prices which I think we will see in time.

    My understanding is they will definitely need to raise cash to develop the mine to production. This may be a combination of equity and finance but I'm not sure of the mix. Clearly they will be looking for a much higher share price before they go back to the market in order for it to be less dilutionary.

    I have a much smaller position in bbr but I really like the potential also.
 
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