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Bullboard - Stock Discussion Forum Brilliant Resources Inc V.BLT

TSXV:BLT - Post Discussion

Brilliant Resources Inc > Real Head Scratcher
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Post by TysonD on Mar 27, 2013 12:00pm

Real Head Scratcher

In the March 1, 2013   SEDAR   MD&A, Brilliant management reported the company had $11.6 million cash and $0.4 million in marketable securities.  With 149,454,769 shares outstanding, that is 8c per share in net liquid assets.  Why is BLT trading down here?
Comment by Goldendream on Mar 27, 2013 12:17pm
                         In my own humble opinion, BLT is one of ever so many Juniors on the Venture Exchange that are trading considerably below what the stock should be actually worth. We are all aware of the hard times so many Juniors are going through on the Venture. It has been said a " Cull " is in progress and and ...more  
Comment by bullmetal on Mar 28, 2013 10:38am
I HAVE BEEN TRACKING THIS FOR 2 YRS AND FINALLY STEPPED IN WHEN IT GOT TO 7 CENTS AND CONTINUE TO BUY IT AT THESE LEVELS. IT'S WORTH 8 TO 8.5 CENTS FOR THEIR CASH ALONE ALSO THEY WILL BE GETTING A HUGE PARCEL OF LAND IN EXCHANGE FOR THE SURVEY ETC... I BELIEVE IT TO BE ANNOUNCED SOON WHICH MEANS THE MARKET VALUE OF THESE NEW NEVER EXPLORED LAND WILL BE GIVEN FOR FREE ALSO THIS MAY NOT BE ...more  
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