Vendors of Everest got 48.5 million shares in BLZ at around 7c per share (21st Mar share price).
Effectively, BLZ paid $3.3 million for a company with an EV of $1.22 million ($340k investments and $880k cash, $0 for dud gold project).
I did some digging and the shareholders of Everest, assuming they have been selling down the past few months, have made a nice ~10 bagger from their initial equity contributions to Everest.
Even at current BLZ levels of 3.5c, they are sitting on a tidy profit.
I guess BLZ is a perfect 101 on how to print money!
Ann: Quarterly Activities Report and Appendix 5B - June 2018, page-27
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BLZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.002(40.0%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $14.17K | 2.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
View Market Depth
| Last trade - 12.57pm 02/12/2024 (20 minute delay) ? |
| BLZ (ASX) Chart |
