Pretty good assessment. Mind you, a CR is to be expected if drilling results are good - any company would do that anyway.
CR's are not always bad news if the funds are going to be used for expansion of activities.
Will be interesting to see if there will be a third party around on good drilling results. If it turns out that BNL is sitting on productive land and the SP is still subdued, then BNL could be seen asa cheap acquisition by a bigger rival.
BNL story has a bit to run I suspect.
BNL Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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