BMB 0.00% 2.5¢ balamara resources limited

very happy bmb holder

  1. 504 Posts.
    lightbulb Created with Sketch. 11
    I am so happy
    Better than I thought
    Well done to management and we have $5 million

    WRT to all the downramping regarding placement at 7.5c

    Well I decided to perform some calculations

    Originally circa 250 m shares
    With dilution (70m shares at .075c)
    Total 320m shares

    Theoretically If raising at 20c(as Ample previously did)
    250m shares
    ($5million at 20c= 25million shares
    Total of 275m shares)

    320/275= approx 15% reduction in share value

    1 If this gets to $1, well Id be happy with an 85 cents sale
    2 Much happier with the $5m and 325 m shares than no money and 250m shares
    3 Ralston is a champion

    Sometimes we have to stop whinging about Capital Raising
    In fact I bet we are all banging our heads for not taking the share offer
    BD
 
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Currently unlisted public company.

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