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Ann: State 16 Well Drilled to TD with Logs Confirming Gas, page-44

  1. Footmax
    15,558 Posts.
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    03/06/24
    11:44
    Post #: 74135008
    25% discount would be extremely over the top - and any really positive announcement would send the SP up more than 25%.

    In addition, BNL has sufficient funds until early next year - and any commercial deal would increase the level of funding.

    It would be prudent for BNL to raise additional funds sometime this year so, a CR is not that imminent, and they would be in a strong position if they are producing.

    So, maybe you are being too negative if we get positive results.
    BNL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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