phil, clive said they wouldn't capitol raise at this price, and would look to industry as an alternative.
So, forget the talk of 20c and dillution effects of a raising.
As for takeover talk, that's when the real IGV numbers come out, not the firesale SP the last bunny sold it for.
Ask what t/o value RIO or PDN assigned to EXT and DYL when they bought a blocking stake in those companies, when they paid for their slice of pie, 250 mill mc.
ie, the sp paid, reflected 250 mc.
So, if you're talking about a t/o for BMN, with a mmuch further advanced JORC, think 500 mill.
No director would sell BMN or recomend selling BMN at less than intrinsic value, and notwithstanding, less that the typical price paid for a slice of BMNs peers, DYL and EXT.
Up until the instos exit, BMN was perceived at being a higher MC than EXT, so if you cant see value here, at these prices, then we'll have to agree to disagree, but 40c take talk is just Rubbish.
cheers
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Last
$3.20 |
Change
-0.090(2.74%) |
Mkt cap ! $562.4M |
Open | High | Low | Value | Volume |
$3.29 | $3.29 | $3.16 | $2.337M | 726.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9251 | $3.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.20 | 19189 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9251 | 3.160 |
3 | 20412 | 3.150 |
1 | 315 | 3.130 |
1 | 1500 | 3.120 |
2 | 7000 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 19189 | 1 |
3.240 | 4600 | 1 |
3.250 | 8983 | 2 |
3.270 | 7000 | 2 |
3.300 | 13030 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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BMN (ASX) Chart |