Is it High Noon for Simon Noon?, page-160

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JoeSalami

2,099 Posts.

362

09/10/23

20:54

Post #: 70254286
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Originally posted by coto: ↑

Stop your fear bs dude! Not cool, especially kicking others while they are down, you are like a dodgy real estate agent or car salesman, trying to force people out to take a loss so you can scoop up some cheapies and make a profit on the rebounds. People like you are so obvious from a mile away.

Even at these low commodity prices the project is well and truly commercial and will be raking in the profits. The banks are playing hard ball at the moment and it’s definitely not the time to be locking ourselves into any offtake contracts during low prices because we will be stuck with the problem for years to come. If the banks see offtakes, they are more willing to be flexible with their terms and NAIF funding is more likely to succeed. The company is delaying their decisions (rightfully so) for the future success and financial benefit of the company.

Long term holders should understand that well, but those needing cash right now in this cost of living crisis will likely be stressed. They don’t need pests like you around outright lying saying the project is unbankable. That’s the silliest thing I have ever heard. It definitely is bankable if you look at the financials, it’s just that management don’t want to accept hardline terms which benefit the banks more than us right now.

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Folks need to use you as the contrary indicator. The HC version of Cramer. lol

Educate yourself on a balance sheet bud. Cash position. Burn rate. Qtr's left. Likelihood of a commodity turnaround before they run out of cash.

Then think about the discount they will need to give to raise. The SP is 10c now. Copper has broken support suggesting further declines in base metals.

Probability is the name of the game. Its not looking promising. Suggesting Silver, if it gets up, will save BML is more wishing on a star nonsense you've been suggesting for years. 10c! and you're still beating the horse.

BML Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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