I wish there's more info on that mining license issue. If BNR can wrestle the project back, its market cap can easily reach $20m in a day.
Either way, BNR is in the driving seat here. GEM is trying to raise fund through IPO (as Coolgardie Minerals Ltd), but with a cloud over the ownership of their crown jewel project, they will have trouble attracting institution participants; so it's in their best interest to resolve this issue expediently.
Personally I prefer if both parties can reach an amicable settlement sooner rather than later, but chances are, either way BNR will come out ahead.
I wish there's more info on that mining license issue. If BNR...
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 4.0¢ | $60.62K | 1.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3277674 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 40000 | 1 |
View Market Depth
| Last trade - 15.09pm 27/06/2024 (20 minute delay) ? |
| BNR (ASX) Chart |