Agent Cooper
It's 99.99% certain that it will be a direct placement to a large "entity" ... the identity which we all think could play a key role in BMN's future.
1] The worst scenario would be to offer shares to current holders/public ... BMN needs more retail dilution like a hole in the head!! Also more expensive, and takes more time. Could also see the SP thrashed.
2] BMN needs more institutions on board, so it could be placed to one of these. That would be a much better solution.
3] Far better, would be a placement to a potential off-take partner, or JV partner ... both of which would have a vested interest in aiding BMN through to development & production. An announcement of this type of placement would see BMN go ballistic.
Its wait & see time ... hence the SP trending sideways. Once this is out the way, these prices will be history!
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Last
$2.44 |
Change
-0.160(6.15%) |
Mkt cap ! $430.6M |
Open | High | Low | Value | Volume |
$2.53 | $2.53 | $2.43 | $1.510M | 609.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2145 | $2.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.45 | 9493 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7302 | 2.450 |
10 | 16053 | 2.440 |
8 | 69393 | 2.430 |
6 | 6320 | 2.420 |
6 | 6519 | 2.410 |
Price($) | Vol. | No. |
---|---|---|
2.460 | 2730 | 13 |
2.470 | 4923 | 10 |
2.480 | 5695 | 6 |
2.490 | 5267 | 5 |
2.500 | 26493 | 4 |
Last trade - 11.04am 05/08/2024 (20 minute delay) ? |
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BMN (ASX) Chart |