MacDonald Mines Exploration Ltd V.BMK

Next PP more dilution

[Anacott]

This stock is under selling pressure. Brokers are shorting and covering with the next PP. I expect another 1.5-2M financing equivalent to around 17 to 22M more shares outstanding. I guess that's the reason why the newswriters are pumping.

Next dilutive financing is imminent here. Retail investors should watch out! Lots of hype before this weeks drill results and then a huge sell off! Retailers have already been burned three times with BMK this year.

Next PP which will be announced in theft few weeks will push outstanding shares to about 200M. That's a hefty amount people have to deal with. There might be a share consolidation. I could see a 5:1 reverse split.

[awacs1]

Bulls..t 200 million shares is still in the low range for a blue sky with great potential. WM has 722 million and at the other end of spectrum GBR has 48 million shares. The key indicator is the MC, and BMK with a $15 million MC is definitely not in any trouble with a share count. MC for both WM and GBR is in the $750 range! The drill will tell the story. A PP which is made above current market

[Anacott]

More outstanding shares is equal to more flippers. Even WM is exposed to more flippers than GBR. Plus WM implies a potential takeover offer which should be adjusted and will be adjusted in MC over time. As of right now everyone assumes a TO by Kirkland but there is no rush for it. Back to the topic. BMK is not a WM or GBR story in the moment! This might change after a few bulk samples

[Goldy63]

Anacott . Where do I buy a crystal ball like yours or are you an insider ??. Now keep rotting on the bid with the other rodents and until news hits your posts about a PP are a waste of space . JMO. Cheers . 

[Anacott]

IMO it's not a waste info. Especially retail investors should be made aware of any imminent financings. There is huge pressure on BMK as you could see with yesterday's trading. Bid was gladly taken by the sellers. Maybe the management leaks more news to insiders as it was the case with multiple other occasions this year. BMK only has little work ethic.

[Anacott]

From a TA perspective, chart looks fragile. It's just at the lower end of the channel. If it drops below 0,08 , 0.07 is the next support, then 0.06. Level II expects at least a drop down to 0.08 for today's trading day.

[Zamper]

@Anacott - Buy as soon as possible man as tomorrow will be to late. As, it will be double from here..

[Anacott]

I take my chances. There are way better companies out there that check my boxes... Strong insiders Tight share structure Great high grade strike length No promotion Fully financed for next 12 months No leaky management  No imminent funding needs All of these points are not given with BMK.

[Computer]

Sprott owns 20% of the company.... also you have recently showed up to bash with your weak TA. Clearly sitting on the bid. "Great high grade strike length" lmao a know-nothing please do your DD and come back

[Anacott]

Sprott owns so many companies while you lose 100K, it's pocket change for him. He himself said he puts money everywhere and only doubles down once he actually hits the ball! BMK is just a bet he doesn't care about.