The next task on hand is now finding a new project for the Company with a number of opportunities being reviewed, but at this stage it has not yet culminated in a new project. With a strong cash position, it is your Board’s intention to repeat the process of rewarding shareholders by the identification of a new valuable project. Due diligence continues on a number of opportunities. You can be assured we will not be rushed into making an acquisition but rather will take the time necessary to find a project that can create future strong value for the Company.
In July 2017, Bulletin acquired Gekogold Pty Ltd and in doing so obtained the right to a royalty over the Gekogold project. There is an expectation that the Gekogold project will go into production within the near term, and, should that occur, it will provide a substantial revenue stream to the Company. There are further particulars about this project which is intriguing to the board, which are being investigated.
Cash 5.3 million
BNR Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
