BIG burrendong minerals limited - withdrawn

time for the fleas to leave, page-8

Currently unlisted. Proposed listing date: WITHDRAWN
  1. cya
    3,836 Posts.
    A great measure of success so far is dilution , RAU started with just over 70 million shares at 20c now there is nearly a billion at 3.8 cents, these are the kind of facts that undermines JKs reputation across the market. I would hate to have bought the initial float and held imagine the dilution and share price loss, this is the stella track history that folks refer

    As we go forward I will post some numbers on how much has been invested on particular projects and the returns to date that have been achieved. If they raise capital of 35M (CBs figure I think it will be double that) they will need to issue say another 800M shares. FNQ is amazing they have been drilling for a long time and for what ? Talking to stockbrokers over lunch I think its highly unlikely they would find takers for that size of issue, and with their track history of apparent churning to recoup issues that kind of issue would most probably destroy the price for a very long time


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    thanks Villy

    and no I dont need to lie about my trading I have not traded the stock since Mt Carbine

    everyone needs a hobby, this is merely a bit of sport :)

    Sentia Im in fine shape :) and I find it somewhat relaxing so Ive decided to up the tempo and focus on some of the key issues about performance

 
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Currently unlisted public company.

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