Yes but if shares were trading at 6c then it would have been worth 2000000 times 6c = $120000. As you say it's only $14500 but that balance is also reflected to individual holding values - it's only .7c times your holding number - certainly 'only a diminutive' value compared to what it could have been had management fulfilled on their empty promises.
Guess it's not much comfort and certainly not what one hoped for but at least the financial hurt is also affecting parts of management - better get their act together though very skeptical that they will and meanwhile company liabilities are sure to rise even as cash held falls. And what of those leases - heading towards expiry with each day passing without a cent produced. Some bad rotten gases have surfaced - none of which favors BNL but is a result of lack of or bad 'performance'. Perhaps an application for bad performance shares?? Sure to pass. AIMO
BNL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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