BSR 0.00% 1.3¢ bassari resources limited

Gold isn't going up in the next few months IMO. Also when I...

  1. 1,825 Posts.
    lightbulb Created with Sketch. 5
    Gold isn't going up in the next few months IMO. Also when I contacted the company a few months ago they advised me that the debt will be denominated in US dollars. That's why I decided not to participate in the raising, which looks to have been a bad call at the current price.

    The issue BSR will have is if they haven't already organized debt finance it is going to continue to get harder and harder especially as the underground is a scoping study so you really cannot rely on those numbers compared to a JORC which wouldn't be worth the $$$.

    They should have hedged at $1200US and locked in debt finance on the condition of licence approval. Had they done that, this would be in the 3-4cent range by now.
 
watchlist Created with Sketch. Add BSR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.