I think people are overthinking the situation at the moment.
BNL will not do a CR until they are producing - and they have revenue. The SP will probably be double what it is now when/if that happens.
In the meantime, we should all relax and await the drilling that will occur next month. By the end of the year, with everything going to plan, there should be more funds available.
A CR will only come after that IF the revenue stream falls short of expectations. A CR is not guaranteed though BNL may wish to bolster cash reserves down the line.
In the meantime, we have a supply agreement and that is essential.
BNL Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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