BLZ 40.0% 0.7¢ blaze minerals limited

Trading halt today on SRT already being felt in SP action of WPI...

  1. 1,579 Posts.
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    Trading halt today on SRT already being felt in SP action of WPI and BLZ.
    WPI has been on the radar for longer and perhaps chronologically ahead, but BLZ exquisitely set up at the mo'.

    limited float - just 62 mil. Check
    Matthew Walker personal investment in 2 mil shares and a further42 million through Cicero. Check
    MW control of 71% of total float. Check
    Consolidation already done, and current SP far above the required 2c -no need for another consolidation. Check
    Resolution passed at AGM to find an acquisition (technology or industrial sectors). Check
    Tightly held. Check
    Recent capital raise done and cashed up with $1.2 million. Facility to transfer the land asset in lieu of debt. Check
    MW avoiding shareholder dilution (and his own) by only raising 30mil of the total permitted 70mil shares - skin in the game. check

    Will be interesting to see which shell is next off the rank. WPI or BLZ. Could be either IMO but I view BLZ as the pick of the bunch regardless of timing.
 
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Last trade - 12.57pm 02/12/2024 (20 minute delay) ?
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