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Ann: Application for quotation of securities - BNR, page-16

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847 Posts.

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08/04/22

01:04

Post #: 60728965
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Originally posted by FeO(OH): ↑

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It makes sense you cannot see the potential value. As if you did you would not be "not held" status.
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Valuing a mining speculative share isn't the same as valuing a corner shop where you can see assets, stocks level, out goings and come up with some type of value.
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BNR has many good business aspects (you can research yourself)
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The current increase of company marketcap is down to the lithium tenements and the promising grab samples. We know they will be drilling ASAP just waiting on approvals, you keep asking in posts when will it be. Im sure if BNR had that answer they would share... a lot of time approvals/gov takes time and you just wait.
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If BNR hits thick pegmatites and decent grades then the current "value" you say would be nothing in comparison of where its going.
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If you still don't see value then just wait to after drilling and IF they show resource and then you can buy at $2. Then the value might be easier for you.
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Marketcap of mining speculatives are geared to potential increase of value due to discovering a new resource.
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Umm… ok. Seems like you’re agreeing with me that this is a high risk/high reward rather than value play. But probably all above my head as you suggest. Thanks for taking the time to respond.

BNR Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $13.50M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.6¢	$3.913K	85.05K

Buyers (Bids)

No.	Vol.	Price($)
1	57449	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	30000	1

View Market Depth

No.	Vol.	Price($)
1	57449	0.046
4	140515	0.045
1	11400	0.044
1	23255	0.043
1	24390	0.041

Price($)	Vol.	No.
0.048	30000	1
0.050	184461	1
0.051	89193	1
0.052	19999	1
0.053	35000	1

Last trade - 15.34pm 03/09/2024 (20 minute delay)

BNR (ASX) Chart