BLN bullion minerals limited

Trading Halt, yellowcakeThey have cash burn of around...

  1. Marchell0
    886 Posts.
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    11/01/06
    16:19
    Post #: 1312904
    Trading Halt, yellowcake

    They have cash burn of around $600k/quarter at the moment.

    This means that right now, they have about $600k in the bank.

    The pending announcement could be one of a couple of things.

    1. Information relating to Mulga Rock - the director buying activity over the past few months would indicate that these developments will be positive. Personally, I'm hoping its this.

    2. Capital Raising - not out of the question.

    Marchello
    BLN Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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