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0.7¢ blaze minerals limited

Becoming a Matthew Walker Shell, page-59

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DrSeuss

14,059 Posts.

19/01/16

09:31

Post #: 16822078
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Originally posted by Dr.Seuss ↑

Jezzy. About that market cap - you post is (perhaps unintentionally) misleading.

BLZ has $147k in the bank. Walker raised around $2m with SRT and now with WPI both for 'project generation'. This was done over many months.

So BLZ will either be raising more over the next 6 months so that they can pay a cash component to the vendor. Or the acquisition won't be a world-beater that wants an up front cash payment.

So when you talk about returns - one perhaps has to add a $2m raising which will also be discounted and so add on greater than $2m to the market cap. Perhaps $2.5-$3m.

Now we are talking about potentially a $6m-6.5m company without any share price appreciation from here AND with an acquisition that may take another few months after WPI.

Just my thoughts

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Sorry...just seen that they did raise about $300k last year. So their cash balance is around $400k. So one more large capital raising to come? $1.5m?

Last edited by DrSeuss: 19/01/16

BLZ Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $3.142M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	400000	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1628565	4

View Market Depth

No.	Vol.	Price($)
1	100000	0.019
1	206973	0.018
1	1000099	0.010
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.020	17684	1
0.023	4000	1
0.025	150000	1
0.028	112000	1
0.029	202079	2

Last trade - 16.12pm 03/12/2024 (20 minute delay)

BLZ (ASX) Chart

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