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Ann: Consolidation/Split - BML, page-15

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big mahn

11,604 Posts.

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29/11/17

14:36

Post #: 29218793
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Originally posted by Walter123 ↑

B M, hi.......they have just had very large (by small cap standards) CR's, c. 1.6m $ I think.
There is an Unaudited Pro Forma Balance Sheet which states the cash and cash equivalents as pretty much now will be $1.5m plus change. I doubt even our company could have run that down to 200,000 already( though these days nothing would surprise me).

They have set out a (changeable for circumstances) draft budget for the intended application of the $1,698,782 raised to include, inter alia, "Exploration on existing tenement portfolio: 683,403";

Working capital: 354,502;

Due diligence and investigation of new acquisitions: 250,000, etc.

Regards.

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Looks to me they had $147k in bank, then raised $360k at .001 and now have $259k left according to last quarterly

BML Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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