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Bullboard - Stock Discussion Forum Bessor Minerals Inc V.BST

Bessor Minerals Inc. is a Canada-based junior mining exploration company. The Company’s focus is on exploration and development of the Redhill volcanogenic massive sulphide deposit in British Columbia. It is involved in gold and base metal exploration. Its principal business is the identification, evaluation and acquisition of mineral properties, as well as exploration of mineral properties... see more

TSXV:BST - Post Discussion

Bessor Minerals Inc > Last placement in September
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Post by StrikeGold on Feb 17, 2023 4:40pm

Last placement in September

One of Bessor's directors was very keen on participating in the private placement to the tune of $100,000.  That a good statement of confidence I suppose. 

"Of the 5,000,000 common shares issued under the private placement, 2,000,000 shares were issued to Arif Merali, a director of Bessor.   Merali directly acquired 1,000,000 common shares and indirectly acquired 1,000,000 common shares"

I think these last drill results are more promising than the market is giving credit for, as the hope is that there is as of yet a large undiscovered deposit that indications are they may be getting closer to, which is the company's thesis.   
Comment by StrikeGold on May 02, 2023 2:44pm
Not sure why the dump today.   I bought more at 4 cents but some got in at 3.5.  From recent Sedar: At January 31, 2023, the Company had a working capital balance of $329,220 (October 31, 2022 - $341,474). They need to spend just $100,000 on Redhill by Novermber this year to retain ownership so they don't need to do a placement this year in this rotten junior environment, and ...more  
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