OTCQX:BGMZF - Post by User
Comment by
yaponskion Mar 13, 2014 2:10pm
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Post# 22319048
RE:RE:RE:News
RE:RE:RE:Newsthe BBoS wrote: PruneFace wrote: Not even half of what they were looking for. Recent placements for other miners have been over-subscribed. Is this a reflection of what the market thinks of Callaghan? Not good IMO.
What part of "first tranche " is hard to understand tard ? ( pretty fast closing if you ask me)
First trauch is usually the big one.
Look at SilverCrest:
- announced Feb 19th ($20M)
- closed Mar 13th with full over allocation being taken ($23M)
Look at Rubicon:
- announced Feb 19th ($100M)
- closed Mar 12th with full over allocation being taken ($115M)
Now BGM
- announced Feb 28th ($10M)
- first traunch closes Mar 13, less than 50% of total ($4.5M)
For comparables, SilverCrest is a real producer while Rubicon is clearly a developer planning to become a producer.
So will BGM actually raise $10M? Looks kind of tense to me. Buyers of the first trauch might be getting a bit jittery I would bet...