BEZ 5.32% 8.9¢ besra gold inc.

Even 100% dilution now raises only $37m. That's not...

  1. 5,699 Posts.
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    Even 100% dilution now raises only $37m. That's not building a mine. It may take 5-10 times that if a pilot plant and DFS allow progress to that.

    So I'm happy to watch now until Quantum show evidence whether:
    - they are good for the money they already owe Besra
    - those trying to redeem their 5x and 10x leveraged products can do so in-full in a rising market (see ysaudrey post last Tuesday)
    - those leveraged products are actually hedged
    - they can open an Australian bank account
    - there's more independence on the board
    - there's an independent and proven CEO
    - they can drill and hit more gold
    - there's some progress re a pilot plant
    - there's clarity on where things stand if they go belly-up

    All this on the back of Bennett and Seton being ousted is just too co-incidental for me right now I'm sorry. I post here now to raise and seek answers to this other side of the coin. Afterall, it's a forum, not a cheer-squad.
    Last edited by 29101971: 01/04/24
 
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