Our board needed to support BSM's cap raising as we have $5 million tied up. If BSM isnt producing then we dont get our royalty!
If BSM stops producing its not the end of the world for INL...IF we have other payments and revenues to cover the shortfall which results. The middle east substantial payment would be nice right now as that reassurance...
If this worst case BSM scenario unfolds its a good chance to see just how valuable our strategic CFO Kieran Rodgers has been.
If we still have other revenues and cash flows to cover a shortfall its a tick.
If the results a dilutionary cap raising then its a cross.
Lets try not to jump to conclusions. Hopefully its unexpected good news. We all deserve some of that ;-)
bsm in trading halt , page-5
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48.5¢ |
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Mkt cap ! $92.05M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.5¢ | 48.0¢ | $3.344K | 6.954K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | 48.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 20589 | 2 |
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