two things that company MUST do to reduce dilution and cash burn
1. Scale back Simon’s remuneration package. Its been growing so much larger over the last couple of years (including those big performance bonuses). Whether or not you think his professional skills and performance warrants $650,000 per year, shareholders cannot afford to support this any longer
2. Withdraw support for the Ord Valley Muster. I assume Boab sponsored this event to curry favour with NAIF. But NAIF recently told BML to piss off so its just a waste of money at this point. That money can be used instead for Simon’s salary and bonuses or pay the company’s electricity bill and keep it solvent for a bit longer
two things that company MUST do to reduce dilution and cash burn...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $24.50M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $28.32K | 268.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 954384 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 127029 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 410523 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BML (ASX) Chart |