Rosco
That is definately NOT the case
I dont know why people get stuck up on raising cash ... like its some disease!
If an rank explorer runs short of cash then we have dilution for dilution's sake. Also they normally go back to shareholders & bite them for the cash.
However BMN is a future developer with a world-class project about to go into BFS. Management have been approached by Canadian fundies begging for shares. In fact a cap raising to TSX investors is what we are waiting for, to form liquidity in the very important TSX market
They will need about $20mil according to management ... a drop in the ocean. At current prices thats only about 7 million shares ... big deal
No, that is not holding us back .. its what ha been said:
*Stupid court case
*Crash of world markets
*Negative sentiment to JORC
*Dropping U price
*Shorters playing games
cheers
why the lack of interest, page-78
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$2.60 |
Change
-0.390(13.0%) |
Mkt cap ! $457.0M | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.79 | $2.55 | $3.706M | 1.410M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6567 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 7988 | 2 |
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