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24.0¢ bbx minerals limited

Ann: Change in substantial holding AI, page-6

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51

30/06/17

20:32

Post #: 25599879
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Originally posted by curious1 ↑

Hmmm, It seems Mr Igo has done ALL the recent buying which has moved the stock from 8 cents to 40 cents. As soon as the buying stopped the shares price has fallen back to 21 cents or is it just taking a breather?

Drilling will tell the tale. They only have about a $1 million in cash so will need to raise some serious coin shortly. I can't see a rights issue as Drake own ~50% or 34 Million of the market cap. 1:10 rights at 20 cents to raise 7 million anyone? Anyone?

If they are to do a proper placement of $5 Million they will need some good drilling results.

And what happens to the share price if the drilling doesn't meet expectations?
will we be happy with 5 g/t results or are we expecting 60 g/t results
Time to take part profits methinks!

Expand

What is the current size of their resource?
With a current MC of over $70m at 20c, big call by Andy buying so aggressively

Lets see this story in6 months

Cheers

BBX Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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