BKS burdekin pacific limited

raises $760,000 from share purchase plan

  1. 85 Posts.
    Good result and puts them in a stronger financial position. (see today's announcement)

    General meeting called from a minority group of shareholders seeking to remove the directors except Mr Martin Bennett. (see today's announcement)

    Possibly those who lost the vote in May this year.

    The prospectus closed on Monday (yesterday) so expect the result of the capital raising possibly tomorrow (Tuesday) or this week sometime.

    Bks closed today at 1.7c on very light volume.
    Yet Bks shares are valued at 3.5c by RM Research.

    See their research report at

    http://www.burdekinpacific.com.au/images/pdf/150904-rm_capital_research_report.pdf

    Constructive comments & discussion please.
    I hold bks
    Always seek professional investment advice before investing & please read below.
 
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Currently unlisted public company.

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