EMC2, it appears that when the sale of Barlee was announced they saw an opportunity and felt like they could make some money by taking over and bringing it to production. They started buying shares so they had the 5% necessary to take this action. Nothing confusing about that.
We can debate the merits/achievments/track record of the current board and the prospective board all day long, and I think we probably will! But in general it boils down to this;
Current Board intentions – cash in Barlee via sale to RMS, complete follow up drilling on secondary targets in tenament still owned (after striking out on primary targets last year), acquire new tenaments in AFRICA and start from scratch
Prospective Board intentions – bring Barlee to production by any means possible, meaning exploration and possible acquisition of new tenaments will take a back seat until cash flow is generated
VERY different business plans ......
EMC2, it appears that when the sale of Barlee was announced they...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $33.56K | 1.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1767930 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 149665 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BCN (ASX) Chart |