You note the reason why no institutional money ever comes into BMN (outside of their mates who get given ridiculous free carries) and why trying to find a buyer or investor is like finding a needle in a haystack.
You lose 20% of your money as soon as you put it down and then this is a recurring theme that just goes on and on and on... as long as money is spent and or raised within the company.
Believe me, if it gets over $1.00 - which hopefully it does on the next sector run - grab your money and head for the hills. It will always be undervalued due to the reason you highlight and to resolve will require massive dilution to SH's.
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Last
$3.30 |
Change
-0.050(1.49%) |
Mkt cap ! $590.1M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.33 | $3.21 | $1.629M | 496.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5729 | $3.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 5323 | 2 |
View Market Depth
| Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
| BMN (ASX) Chart |