Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Following Friday’s piece about Black Mountain Resources’ Christmas cracker of an RNS, there were a few other aspects of the announcement, which deserve closer examination. Specifically, Black Mountain issued shares and options to cover borrowing costs, but the figures need more explanation.
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