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10.5¢ burgundy diamond mines limited

"From there, they could pay another CAD$1.4m to get up to 25%....

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Jezzy

1,579 Posts.

52

03/08/18

21:41

Post #: 34716372
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Originally posted by Anton Chigurh ↑

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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"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."
OR BOTH from such a low EV ($2.3m), decent cash ($3.8m) and just 126m SOI...

Last edited by Jezzy: put in the cash figure 03/08/18

BDM Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.5¢		Change 0.000(0.00%)		Mkt cap ! $191.8M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.5¢	$19.26K	180.2K

Buyers (Bids)

No.	Vol.	Price($)
9	1036456	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	812633	6

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