Grizzly
Our views are poles apart!!
"You see BMN buying the 20% they don't own with money they don't have
Yep! absolutely! Only they wont pay cash, BMN will purchase the 20% with a share issue to CJ & NM ... Copy this post, paste it on your wall, and remember me when it happens! :)
probably at a discount to that which the vendors could attract by accepting an offer from a major
CJ & NM will have no choice but to accept BMN's offer, as they will not have the cash to fund the next stage.
Now, if however CJ & NM are approached by a major for their 20%, then BMN will have the first right of refusal. And if as you mention, they are unable to match a higher offer from a major, then all well and good!! The moment that higher price is announced then the BMN Share price will immediately go straight up to match it .... Game on!
"Giving them a commitment to fund more of a project than they already have"
Immaterial IMO, because while raising funds for CAPEX will be BMN's main issue going forward, if they can raise $340m (80%), they will have no problems getting $400m. The reason being that funds raised will have to be in conjunction with off-take agreements, so expect a deal involving these parties to include fund raising.
I see heaps of positives - where you see negatives.
But all good stuff!
;)
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Last
$1.98 |
Change
-0.010(0.50%) |
Mkt cap ! $353.6M |
Open | High | Low | Value | Volume |
$2.03 | $2.07 | $1.95 | $1.456M | 729.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 499 | $1.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 15350 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 499 | 1.980 |
2 | 612 | 1.975 |
3 | 28717 | 1.970 |
1 | 2715 | 1.965 |
3 | 9767 | 1.960 |
Price($) | Vol. | No. |
---|---|---|
2.000 | 15350 | 2 |
2.010 | 5000 | 1 |
2.020 | 9406 | 2 |
2.040 | 11481 | 2 |
2.050 | 9179 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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