I am not convinced by some of the above reasoning. To say this "only" costs 250k cash ignores the dilution cost. I note that BNR is announcing this as a $5.6M sale (based on current SP). Around 16M shares (at current SP) will add to the register taking share count from 270M to 286M almost 6% dilution. Nor can I see what the "access issue" is when all other boundaries of MLA28/401 (containing the current deposit sites) are with other AOP tenements. This is a small but very expensive portion of E28/2600 held by BNR/MAT. The directors of BNR/MAT are listed on their website. I assume that of course none of these gentlemen have a fiduciary or beneficiary arrangement with AOP.
AOP Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
