Unfortunately BMN did not manage to keep the SP high through resource-potential hype because of over-promising, under-delivering, errant board activity and bad luck. Now they are in poor shape because all the cards have been played and there is little speculation left.
The resource is a good one, and Peter B is a confident and smart bloke.
The SP deserves to be better, but the only thing that will promote the stock now is a sound feasibility study. It'll come, but it'll be a while.
Log off HC and come back in 12 months.
sentiment, page-4
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