Blue Lagoon Resources Inc C.BLLG

21 million PP shares come free trading in 2 weeks

[baystock1]

21.5 million PP shares were sold on Aug 12 at 35 cents. They will become free trading in less than 2 weeks and I expect the share price to drop down to 35 cents as participants like Bob Moriarty who know how to play the game will sell their shares for a substantial profit and free ride on the warrants. They can then take their capital and redeploy to the next PP.  

If the company was valued at 35 cents in mid August, why is it worth 70 cents now ? What has happened to double the value of the company in the last 3 months ? Well nothing. And gold has dropped since then.

Their PEA shows a cash cost of US$1000 per oz which looks pretty high to me, but this is offset somewhat by the low remaining capex.

[RockLobster1]

you seem really hung up on this... they also raised recently at 1.00 i think... and so they are down sharply.   Financing is part of the process in juniors, some of them are better than others, some suck. Best to just avoid ones you think are doing a bad job at it, rather than banging your head against a wall. Anyways if you are right about us back to 35 cents i will be buying like

[LowtoHigh]

Do we have an exact date as to when these .35 cents will be free trading?

[SHOWMEURKITTYS]

Blue Lagoon Announces Completion Of $7.5 Million Private Placement C.BLLG | August 12, 2020 VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that it has completed a private placement (the "Private Placement") of 21,496,301