Share Purchase Plan Offer, page-29

Agree the selling is overdone.

But it doesn't matter what you, Retrac or I think Joehax. Mr Market will determine who is right.

While I wouldn't be surprised for it to retest high 6's, it could just as easily run from here once the results are back from the lab, which will occur any day now.

I am comfortable that the placement shares went to long term holders (offshore insto's) who wanted exposure to an early stage North American battery mineral play at a low EV. By comp, BMR looks to be listing at $120+ market cap.

Good luck with timing. As for me I am not too fussed whether I pay 6.8 or 7.2 given where this is likely heading. One thing is for certain, there won't be any more bargain shares once news-flow commences..

Cheers,