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clock Created with Sketch. 18/09/18
09:56
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Originally posted by zubric
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These guys would have to be the most frugal of any junior explorer that I have had anything to to do with but to think no cr is required is a myth. Yes so far Hannon has scrimped and saved by swapping drilling for script, earth moving for script, done a deal with IGO for FR for which unjustifiably he copped a verbal flogging ,went to China and groomed the biggest shareholder for a few more bucks . All this wheeling and dealing has resulted in little dilution and a tight register. In doing this he has maintained the financial integrity of BUX and imo it would be very irresponsible of him to allow this status to slip back,at some point he will need to cap raise. This should be done while the company is still in good financial health otherwise it will place the company at the mercy of the brokers
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Yep, brokers like Wedge Tail Eagles, perched in trees looking out for young lambs, feathering their own nests at the expense of the existing sheep (SH) in the paddock. Strong resistance is required.
