BDM 0.00% 10.5¢ burgundy diamond mines limited

Fair to deduct the $5m for the earn-in but need to remember it's...

  1. 13,066 Posts.
    lightbulb Created with Sketch. 225
    Fair to deduct the $5m for the earn-in but need to remember it's a two stage process. They can exit after stage one is complete and only incur $2m expense, which would leave EHX as a reasonably priced shell, with a quality dealmaker. Now one suspects if they choose to progress to stage 2, it will imply some level of early results, such that perhaps price will be higher than where we are now.

    Need to ask why O'Keeffe was willing to free-carry Eloro up to $5m for 25%, given the number of projects we can assume crossed the desk.

    As for the oilers, note the sizable XT prior to suspension, which cleaned out a large portion of the legacy register. Also note who picked-up a decent amount of that, and some can be seen in the notices lodged around the time.
    Last edited by Anton Chigurh: 07/08/17
 
watchlist Created with Sketch. Add BDM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.