BDM 0.00% 10.0¢ burgundy diamond mines limited

seems odd that they would give real dollars today - and 1.7M is...

  1. 1,841 Posts.
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    seems odd that they would give real dollars today - and 1.7M is a decent fraction of their cash reserve - in order to reduce a small amount of a possible future liability. Not something i'd do. But these guys know a lot more about the business than I, so for now, i still trust them. I mean, you wouldn't do this if you weren't confident!!

    Interesting that transactions are still occurring at that baseline valuation of $1M per % point (recall the 10M KPL shares at 50c for 5%, implying the same value). Also intersting that they would do this now - suggests a deal is close. Otherwise, you'd definitely keep your cash.

    pretty jealous of that 35k, Sam

    Perhaps they are seeing that there isn't enough to aggregate in the west, and are now vying for a tie-in to a Gulf LNG project? 437 was the only decent block. The others might get some royalty for any pipeline or something, or maybe a big farmout for a carry forward. But really, what i'm reading is that they don't believe in the western gas project. Have a look at the recent OSH presentation - at the back are some nice schematics of PNG LNG and potential Elk/Antelope projects. Don't forget OSH's Flinders asset sits directly north of Pandora...

    I think i'll give these guys a call when i get a chance. For some reason i feel confident. But i don't have much feeling left for my portfolio after the last couple of weeks!
 
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Last
10.0¢
Change
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Mkt cap ! $191.8M
Open High Low Value Volume
10.0¢ 10.0¢ 9.8¢ $205.7K 2.068M

Buyers (Bids)

No. Vol. Price($)
1 7005 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 24695 2
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
BDM (ASX) Chart
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