PUR 20.0% 0.2¢ pursuit minerals ltd

Hmmm... wasn't the new sector zinc and it didn't go so...

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  1. 165 Posts.
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    Hmmm... wasn't the new sector zinc and it didn't go so well?


    Burrabulla Corp. Ltd. is aiming to raise between A$5 million and A$6 million to relist on the ASX as Pursuit Minerals, according to a June 19 prospectus.The company is offering up to 30 million shares at 20 cents each to raise the cash.Burrabulla, previously known as South American Ferro Metals Ltd., went into administration in May 2015.The company underwent a recapitalization in early 2016 and is re-entering the resource sector with the acquisition of three base metals projects from an Australian subsidiary of Canadian major Teck Resources Ltd.The Paperbark project in Queensland comprises two exploration permits covering 110 square kilometers and hosts a resource of 10.4 million tonnes at 2.7% zinc, 0.2% lead and 1 g/t silver. The initial focus for Burrabulla will be to expand the existing resource and test for higher grade zones.The Bluebush project, also in Queensland, comprises two exploration permits covering 214 square kilometers. Low grade or anomalous zinc mineralization has been intersected over roughly 120 square kilometers, which the company said probably makes it one of the largest areas of zinc mineralization in Australia.


    Maybe vanadium will be a better bet and maybe it will not?


    Yes - the volume was extraordinary but i could give many examples of HUGE volume days that were great ST but a distant memory as a stock sinks to oblivion at a later date.


    So the good news...

    Directors buying @ 3.7c...

    May I remind you of the excitement here when a director paid 24c for shares a year back...  and it went <3c?

    The vanadium results...

    MANY knowledgeable posters have raised serious issues about them... not just some crazed chart nut?


    Repeat... Hopefully all bodes well!!!




 
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Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $7.270M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $8.573K 3.786M

Buyers (Bids)

No. Vol. Price($)
54 55488336 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 15705345 14
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