BMN 2.29% $2.23 bannerman energy ltd

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  1. 8,214 Posts.
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    I cant see Bannerman ( basicaly us...the shareholders ) buying out the 20% stake.

    I think they will unload it to a bigger company like your Areva or someone similar. I do agree though, that if the partners of the 20% are holding out for more than what it was worth during the u bubble...it might not happen.

    Of course as Tibbs points out, we would all love it IF that did happen because the sp would respond accordingly.

    Ive resigned to the fact that I dont think much will happen until..

    a) that dam mining licence is approved! which is taking forever.
    b) the revised ESIA submition is approved
    c) BFS

    Is it Widerange + the shares that CJ own total 20%??

    Because Widerange only hold 6.49%

    20% of the exisiting shares on issue ( 234,435,934 ) if the comapany offered tham say...$2/share..that's $93Mil it would cost us! ( If my maths is correct )

    Sounds expensive even at $2.
 
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$2.23
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