The CEO/Chair got a hold of this ground before Creasy got a hold of Nova , and sat on it for quite a long period .
BOA found it very hard to list prior to the Nova discovery and the prospectus was extended a number of times .
BOA got lucky when Nova was discovered , as in my view did those that bought in to the stock at 20 on listing .
Had the ground not been acquired prior to any Sirius discoveries , there is no way this board would have had the dollars to acquire the permit as they did
I am sure Creasy would of bid for the title and BOA would of had to try list on the back of its gold targets and not this target .
Some may criticize Dudley as a low spending mining man , and wish the BOA ground was in fact the Nova land and not 5 km away .
If it was we would not even know about Nova now as prior to Sirius drilling no one had any real idea what was there .
Really the purchase of this title was either fortunate or skillful either way if the drilling that is currently under way does discover similar results at the low depth that Nova did before they found the high nickel at depth then I expect Sirius will simply pay up and take out BOA
Just my view , now the options are gone BOA has a lot less shares on issue than most expected , and any positive result will be rewarded more than it would have had the options been around
BOA Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held