BDM 0.00% 10.5¢ burgundy diamond mines limited

cash value shell with $1.8m nett due in Dec, page-7

  1. 4,636 Posts.
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    yeah not sure when they will do a deal, hopefully once the cash comes in things might move up a gear.

    This is a bit of a mixed punt for me O&G (was very in vogue a few months ago) basiscally cash backed and some more coming in. Company seems active and not just sitting on their laurels.

    In terms of directors, Jeremy King is also also a director of RMX ... if we can do $3m MC to $10m like that has done, or even half that, would be a nice outcome.
    And Stephen Dennis the Chairman is also on the board of HRR which is much bigger, but has done pretty well in the recent past.

    What their plans are, time shall tell. For the meantime, a waiting game and hopefully its worth it in time.
 
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