DVP 2.25% $2.17 develop global limited

Mr VXR, Bill Beament, page-205

  1. 2,276 Posts.
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    BB placement shares = 110,800,341
    SP $2 = $221,600,682 vs SP $1 = $110,800,341 vs SP 60c = $66,480,204
    If you own that many shares, you'd want the SP to go up not down.

    Plenty of powder in the keg:
    There is the SS development and financing story.
    There is the drilling and exploration upside.
    There is the 20% Whim Creek free carry and $1M from ANX over the next 3 years.
    Almost $100M in accumulated losses (tax asset) means this can be offset against future profits.
    Underlying all these is the strong Cu price. VXR Copper remains uncommitted / unhedged.
    Post placement about $20M cash in bank + $40M options for growth opportunities.
    In the event Cu goes down, Bill can buy a gold mine or two.

    BB will tie these all up and build a multi billion dollar company. You just gotta be patient.
 
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