BBX 0.00% 24.0¢ bbx minerals limited

Ann: Half Year Accounts, page-13

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  1. 9,666 Posts.
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    Cash less liabilities doesn’t leave much for this big trial mining project which seems to be based on less than one 25 kg of garden lawn dressing of samples

    Going unconventionally with no need for Dfs or bfs- no ability to raise normally as they have just one microscopic set of samples, going to trial mining is going to cost money

    So to pay for it, are the big option holders just going to exercise and put the money in? - and fund that injection by selling at huge profits on market to punters?

    Interesting times- almost sounds like cdu- it went its own way- claimed to have the copper discovery of the decade- insiders got rich selling to punters and in the end the mine isn’t producing much at all- amazing considering at one stage with no normal jorc it said it was moving a truck of ore every 15 mins, and each truck was loaded with the best ore ever worth an estimated 217 k

    But I’m
    Sure bbx is different and is sitting on the mother load of all things gold - it so tightly
    Held- so exciting- glth
 
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