BDM 0.00% 10.5¢ burgundy diamond mines limited

Basically shell value now, so downside would have to be...

  1. 13,066 Posts.
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    Basically shell value now, so downside would have to be extremely limited on any volume.

    Could be a combination of sentiment towards gold juniors, fatigued shareholders due to the suspension of trading and generally slow progress, peeved off newsletter subscribers as someone said.

    - $3.84m cash eoq.
    - Phase 2A committment of ~CAD$1.6m, of which $1.27m contributed during the qtr, leaving CAD$330k, or ~AUD$345k.

    Should have ~$3.5m cash after all Phase 2A payments, for 18% of project. From there, they could pay another CAD$1.4m to get up to 25%. Or they could go their own way and seek another project.
 
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