BMN 4.88% $2.73 bannerman energy ltd

Hi tibbs, Sorry it should have been long term hold just a wrong...

  1. 281 Posts.

    Hi tibbs,

    Sorry it should have been long term hold just a wrong click.

    1] Positive BFS Agree they need that
    2] Mining approval & permits agree need that
    3] Good strategic partner - this is harder to get with the 20% free carry
    4] Obtain development finance- Yep also harder to do with the 20% free carry.

    as i have said before the 20% is not the dilution its the free carry if the company makes an offer now it has to be a cheaper option than what will be the case in 6 months times. Why not make an offer as it actually means the company is valuing it self even if the guys don't accept it starts the process of negotiation that a bigger player can take up as well.

    I realy can see a negative in making an offer unless they offer 1 million or something stupid


    HA through ST buy was strong buy not short term buy been doing this wrong the whole time.
 
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$2.73
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1 1000 $2.72
 

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$2.74 5570 1
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