Jul. 31 at 1:43 AM
$BLAGF there is a lockup which came up related to the capital raise of
$5 million in 4 tranches. It appears that some dumped shares yesterday and perhaps a few days before. It seems that that selling is over. I spoke with Rana Vig on this yesterday and today.
I had assumed most of the tranches were funded by Crescat, Nichola, and Phoenix gold fund. However other shares were bought by others who were the sellers.
I now expect a bounce, but I think some are concerned there could be more selling.
I think there is now a timeline to blasting, stock piling, trucking to Nicola, revenues in September and then ramping cash flows.
Tyson Halsey, CFA
917-667-5512