BSM Just placed 50M shares @ 0.5c - a 66% premium At 0.3c they...

  1. vontrader
    23,919 Posts.
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    26/11/14
    23:33
    Post #: 14360546
    BSM

    Just placed 50M shares @ 0.5c - a 66% premium

    At 0.3c they are capped at $1M with $850k cash

    Major overhang MFC 29M shares taken out @ 0.4c

    Case against Liongold for $13M - mediation coming up. Expect $2-3M settlement IMO

    Own 9 tenements seeking JV's

    Even as a listed mining shell, they could seek $3-5M on a vend price

    Could multibag on confirmation of mediation alone IMO.
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    lightbulb Created with Sketch.  Great analysis
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