BMG 20.0% 1.2¢ bmg resources limited

The obvious error you are making is by thinking that all the...

  1. 673 Posts.
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    The obvious error you are making is by thinking that all the dilution will occur at these low levels.

    The directors own such a large chunk that they won't dilute themselves (unless they raise all the money themselves), and will raise when required.

    Ie - we have enough in the bank to get us to 20% ownership.

    Do i like the fact it is only a 20% stake and only up to 50% and still subject to DD? No

    However, if this can somehow follow in the footsteps of some of the other juniors in the vicinity (AGY and DMI/GLN), well even a 20 mill m/c after dilution will still result in a 3 bagger... let alone if results are favourable.
 
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