BMN 0.37% $2.74 bannerman energy ltd

hanlong execs get extended stay in Aust, page-3

  1. 1,381 Posts.
    News story here:

    Australia court restricts Hanlong Mining executive's travel
    Reuters Africa
    The ASIC said it is probing suspected insider trading in Bannerman Resources and Sundance Resources , both of which have received takeover proposals from ...



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    This could put the bid in jeopardy - who knows what the implications of this sort of action have to the legitimacy and legality of the bid.

    Given that the BMN board always talk about being "Straight shooters" it may mean that they are even less likely to support the bid.

 
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