I believe that this is a great deal for all, including us shareholders. Kevin has guaranteed that BWN will be transformed from "just another explorer" to a serious producer within 24 mths in a climate that is impossible to raise funds for such a project, meaning if not for this deal BWN would be like all the other explorers, burning money & goin nowhere.
The Indians just want guaranteed supply of coal at the correct price. They will not be looking to takeover ..... why would they want to spend $x million for that when they don't have to ?
Also they will not be "trading / shorting" etc as would the big funds etc if BWN needed to bring them in to raise capital for development.
This is the perfect outcome & I take my hat off to Kevin & the crew & would back him on any deal / investment.
Cheers,
Snoball.
in the weekend australian, page-9
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Last
64.5¢ |
Change
0.005(0.78%) |
Mkt cap ! $176.1M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 64.5¢ | $13.51K | 20.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40335 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 493 | 3 |
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| Last trade - 11.36am 19/08/2024 (20 minute delay) ? |
| BWN (ASX) Chart |