sjontour
"Will it be rights issue"? I sincerely hope not!!
Rights issues to holders costs a lot more money, you have to pay high registry fees, underwriters fees, costly admin fees, and it takes a good month to bed down, often bringing down the SP with it. But worst of all, it will flood the market with more retail shares, which will leave BMN with too much "trading" shares. This would be bad for the SP.
Management have indicated they are looking for the best options in this regard. An issue to shareholders would be negative, not positive. The hope is that these shares are issued in one block to a friendly party that will have a part to play in BMN's future, either JV or futeur off-take partner.
Our hope is that management are currently being "courted" by multiple parties from Korea, China, Japan, or the US to take up the issue ... would be lovely if it was Cameco, or the like!
:)
dawn of new u bull, page-3
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Last
$3.25 |
Change
0.050(1.56%) |
Mkt cap ! $580.4M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.29 | $3.15 | $1.446M | 446.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 620 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 9089 | 3 |
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| BMN (ASX) Chart |