Thanks @Bear77 . As usual, a very comprehensive response . I completely agree with you . In my view , the credibility of BGL's management evaporated much earlier when Darren Starlow and Luke Gleeson allocated a few million $ of options on dodgy sustainability KPIs , basically taking the s/h for a ride .
Unfortunately , this is a very common occurrence . If you remember , I've sold by RRL investment based on a dodgy conduct of RRL's management prior to acquisition of Tropicana . This graph doesn't look pretty :
The management of Regis Resources failed to deliver in my view , except buying a chunk of utterly overprised asset at the rediculous premium
Re: Ramelius . I've purchased a parcel of RMS back in 2020 when it was $1.9 , and it's been steadily in downtrend until Oct 22 . I'd be keen to get your opinion why you reckon RMS is set to grow from now on ?
As expected : 6A1127115_BGL.pdf
My 2c :
a) The management announced that BGL are fully funded to production a week ago , and then a placement . No credibility .
b) Looking at the recent chart with rapid rise over the short period of time - I reckon the CR was very well timed for institutional investors - screw the retail.
c) Interestingly , the s/p was 1c below the SPP price about 15 minutes after the lifting of the trading halt .
@Bear77 your thoughts ?
Opportunity or time to exist ?