The Company is targeting Q4 of this year for installation of the facilityand tie in of wells.
So, this year was in fact supposed to have been last year - so add over 300 days to '1day past the timeline'. Clearly company spins are somewhat hard to believe and BNL management's credibility has been shot for sometime. If current target of starting production is just one day past the timeline as has been indicated multiple times since January this year, it will be another dismal failure thanks to management or more so, lack of - how these types of managements are still on the payroll is beyond me.
The dismal share price and high SOI is sadly thanks to such management. Bear in mind farm is halved and who knows whether more dilution may yet be forthcoming - bet you that won't be 1 day overdue. AIMO
BNL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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AIMO
(20min delay)