what does this mean exactly?, page-9

g'day

it essential means that the company has given all holders before the set date to access newly issued shares at a discount of 8.5c (for every 3 you own) and for each new share taken up by you, you receive 2 attached options at 10c which can/have to be exercised/bought by the set date. so the share holder can increase their holding in the company (at a discounted rate determined by the company).

It means that the sp will most likely decreases in the very short term while ppl take their profits and leave because of the discount.......but longer term it is good...the company is 'rewarding' investors...and if the company spends the money raised and generates good drilling results who knows the future sp...saying this it is important to remember that BML is still extremely spec.

the options are a nice feature, because if the future sp is not above 10c you don't/wouldn't exercise (pretty low risk feature of the capital raising for the shareholders)

ALL share holders as of last Friday are eligible to access this offer.

so far the rocks seem to be encouraging, and hence spending on exploration is being committed to drilling.

good luck