Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Really good rns today, hopefully a blue day
I'll break even on 4.25pps lol, its only taken 8 months
Hmm <10p. Entry point ?
Or suspended? Strange there is not one trade......
http://www.investegate.co.uk/bullabulling-gold--bgl-/prn/holding-s--in-company/20130517100549PD76B/ Baker Steel Capital Managers LLP holds 35,846,324 ordinary shares in the Company, representing 10.50%
http://www.bullabullinggold.com/wp-content/uploads/2013/05/026-BAB-MD-Presentation-RIU-Sydney-Resources-Round-up-14-05-131.pdf Page 11 gives time scale, and not finance indicators. again, acutal production is a loooooooong way off to even speculate more funds IMHO.
BGL has raised £1.35mln (A$2mln) by selling 39,214,906 leaving 112,052,020 shares (with no value) not touched. If the full amount of shares are what the company needed, then they have only sold a fraction of what was required, which means BGL will be plumbing for more funds at a later date, as they clearly tell us in the statement below. "Proceeds from the Entitlement Offer will be applied towards the funding of the definitive feasibility study (DFS) for the Bullabulling Gold Project. The funds that have been received are sufficient to complete the key re-optimisation phase of the DFS. This work is underway and is progressing well. It is expected that re-optimisation will be completed and results (including a revised economic assessment) announced by mid-year, at which point the program for the remainder of the DFS and the associated funding requirements will be reviewed." I personally did not take any of my entitlement, because we won't see any comeback until after mining starts.
OK, After making a good size brief to the board, the browser reset and deleted everything. SO I'm not going to go through how I got to this message again... sry. I am worried why BGL are looking for more and more capital to get studies to mine, instead of actually getting down and mining, to get more capital of their own. I understand that certain prospect drill holes are needed, but from an idea, to getting on AIM to getting to drill I expected would be sooner than, at the least 2k14. (JMHO) but on the other hand I'm happy that the company is doing all the studying to get the most efficient drill infrastructure they can, but I would love them to have more capital to do it instead of asking for more investor money since their sp has gone from >=23p - 3.38p. One way to get capital is to drill. get the gold from the ground that they KNOW is proved, and get some money rolling, money makes money... if investors see money, then more they will invest, again JMHO. Anyone else?
*until .......... and when BGL are asking for more money from investors after PFS - DFS, what is after the DFS? and how much more money will they need to do that? before they start mining..... (just my 2 pence worth) dyor
Imho the share price is so stale because BGL is just still in the planning stage and is not ready to mine yet unill next year! Atm it is all talk, and has been proved by other companies after market yesterday, that companies can lie to investers. I am a fellow share holder in BGL and I too, am excited at the prospect at prospecting no pun intended, but before we actually see gold im not expecting much.
At least it was going in the right direction the moment it was suspended.. I am not holding out much hope of them getting back to you IIH, but miracles happen. If you do glean any information that I for one would be grateful.
Hi shipmates, Thinking of doing some research to put in PF. GLA
http://www.investegate.co.uk/bullabulling-gold-(bgl)/rns/drilling-results/201303060700093163Z/
http://www.investorschampion.com/research/company/eg-solutions/ *you will need to login or register to view the whole document.
Where do they find these, #3 pit name "Bonecrusher"