BSR 0.00% 1.3¢ bassari resources limited

yes chuk this is what BSR directors are thinking : When the sp...

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    yes chuk this is what BSR directors are thinking :
    When the sp begans to rally again, everyone will be all smiles again.
    But they'll be sweating on the price improving above 2.0 cents to get their 4.6m cash raising away.
    They'll be sweating on the chosen few punters who have subscribed for 50 million BSR at 2.0 cents not quitting too soon ...and putting downward pressure on the price .
    BSR directors should have:
    1.directed their efforts to finding a debt funder
    2. announced a small, ( less than $0.5 million ) and underwritten entitlement issue....to pay the bills and attract and pay a suitable and motivated advisory/brokerage firm to deliver 3.
    3. subject to take up in the entitlement issue - by the existing BSR shareholders- and progress with the debt funding then made a strategic placement to a Sprott (say) to complete the capex funding requirement.
    If the $4.6 million cash raising fails.....and it might.... their job security is looking fragile.
 
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