Jezzy. About that market cap - you post is (perhaps unintentionally) misleading.
BLZ has $147k in the bank. Walker raised around $2m with SRT and now with WPI both for 'project generation'. This was done over many months.
So BLZ will either be raising more over the next 6 months so that they can pay a cash component to the vendor. Or the acquisition won't be a world-beater that wants an up front cash payment.
So when you talk about returns - one perhaps has to add a $2m raising which will also be discounted and so add on greater than $2m to the market cap. Perhaps $2.5-$3m.
Now we are talking about potentially a $6m-6.5m company without any share price appreciation from here AND with an acquisition that may take another few months after WPI.
Just my thoughts
Becoming a Matthew Walker Shell, page-58
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Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $14.17K | 2.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
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