BMB balamara resources limited

Near 54 week low $0.062

  1. 303 Posts.
    The following shall be an event or a diary of BMB performances leading to next capital Raising, the information contained in these threads are considered to be accurate by author at time of posting, all postings shall be based on facts in order to ensure that investors have the necessary information to identify any at risk issues associated with this organization.


    Wednesday and the first trade of the week, a single (1) trade executed for a sale order worth AU$640. Whoops 5 trades made dropping the share price valuation to a near 54 week low. 54 week low being AU$0.060, BMB is now trading at AU$0.062 at time of writting.

    The AGM which should be held by month end shall vote on the approval of yet another massive 66.plus million shares to Ample Skill for yet another 5 million cash injection, Ample Skill being a Chinese international based investor.

    More dilution but seems to be baked into the share price. Regardless, the increase of voting power and hence influence of the Chinese based international investor providing a possible concern.

    Be careful, more dilution on the way according to BMB’s last released ASX announcement, meaning more dilution.

    Be careful, based on project schedule, insufficient fund made available to sustain fiancés leading into production, more raising of some form required, meaning more dilution.
 
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