Yes. Seems like they needed some cash & BNR has that. 2.5Million at 2.8c per share, not a bad investment considering the assets they posses.
Spoke to Mark today about it, they are of the opinion that they can get the gold out of the ground in the short term. I believe they are somewhat linked to a JV partner to progress the mine, hopefully the lads have the inside knowledge that this may come to fruition and the investment turns out to be a good one for BNR.
BNR are not new to this sort of strategy and have pulled it off in the past
Ann: Bulletin Becomes a Substantial Holder in Matsa Resources Ltd, page-7
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