Including the 750,000,000 new ordinary shares issued at 0.004 , To institutional and sophisticated investor.
It now looks like institutional management have been instructed to SELL BNL shares and make about 80% profit selling at an average 0.007 cents per share,
then the insto's will move onto their next capital raising for another ASX listed company...lol.. that's how they make there investors money every year...lol
I am Not sure how many more shares left to sell at 0.007 cents by the institutional management fund ? They are definitely keeping our S&P down, its now very obvious to me now.
So you
@GotCopper could be right about the options too .
But... Trent holding off on any significant BNL'S announcements too the ASX is not helping our S&P and Market Cap either.
So I guess Trent won't be making any significant announcement to the ASX anytime soon before this financial year ends , we will probably have to wait until all the institutional shares are sold at this level before Trent commit's to any significant announcements ( like Rare Helium in early samples announcement )...lol
DYOR
GLTALSH
@256lith
(20min delay)