Noixz hi.......very briefly after recent combination capital raises we ended with 4 B. shares plus, hence present consolidation...ratio is one new for each 12 old shares. See my previous post for some of the main time lines.
The new shares will total about 350M+ roughly, and will begin normal trading Dec 8th.
Question is will the new price (maybe 1.2 cents opening (?) as it is a 1:12 consolidation) hold, or will it fall away again?
I am leaving myself open to flack from some people who have understandably completely lost faith in BML (to be renamed "Six Sigma Metals basically), but personally I feel this is a positive move provided the new management get things rolling.
The drill results from Airport and Dibete are awaited, as is some clarity on what happens with Maibele now BCL is likely to be sold off piecemeal.
PV is shortly moving on ....how the new people perform is to be seen.
The cobalt price today is at a 12 month high, copper a bit weak, nickel taking a bit of a pounding but still above 5.1.
Will things improve.....well, I doubt they could have got worse, and at least there is movement. They have about 1.6 M cash after the issues. One of my last two posts has a budget they released showing how they intend to spend the money.
Best wishes.
BML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
