Post by
ubiquitousman on Sep 20, 2022 10:10pm
Giving the company away!! Horrible mgt. Massive dilution at
10% below the 52 week low.. They have released good drilling results lately but the price
has dropped like a rock due to this horrible financing deal. Evidently thety had a very hard
time convincing anyone that they have a veryt good prospect in Fiji based on the deal they
ended up with. Really, really disappointing. If they really had a good story this should have
been priced at double what they priced it at( 58 cents share USD). Evidently things are not
looking that good for them in Fiji or they could have convinced someone to pay up. If they
really had something they could get a major interested and sell off 10% at a decent price.
Ugly and getting uglier. Small shareholder gets the shaft. More low priced options for mgt.!!!
Comment by
ubiquitousman on Sep 20, 2022 10:17pm
they raised money at a price less than half of what the stock price was 3 1/2 months ago. Again, things must be looking pretty (maybe very) bleak for them.
Comment by
steve55 on Sep 21, 2022 9:54am
they better come with continuing good results; i also undestand that it's a bad time to make a financing.
Comment by
goldanalyst on Sep 21, 2022 10:34am
it has nothing to do with the project or it's prospectivity unless you've tried to raise capital in a collapsing gold environment you have no idea how hard it is to convince investors to put down their money. Be thankful it wasn't a full warrant and be thankful they got their money. Many juniors won't and will be going under in the next 12 months
Comment by
roberto146 on Sep 21, 2022 10:44am
Gold miners' bullish sentiment index for the last year:
Comment by
roberto146 on Sep 21, 2022 10:47am
Try again. https://stockcharts.com/c-sc/sc?s=%24BPGDM&p=D&yr=1&mn=0&dy=0&i=t6233739300c&r=1663771316323
Comment by
goldstd69 on Sep 21, 2022 11:27am
I think you are right goldanalyst....still disappointed in the dilution but we now have 10 million USD we didnt have and not a full warrant...I bought more today...but I have been wrong on the prices I have been buying at the past few weeks....oversold...jmho dyodd