$3.8M in the bank still, I don’t see any need to CR before first production and hopefully at a much higher SP. This should be comforting to those fretting it. The good news flow and actual results should come in and boost our valuation before any required capital injections, at which point we should also be generating revenue. I’m happy to be holding at present because we will rerate considerably higher in my opinion. Once we are generating revenue we will have the option of debt funding as well which will lessen further the likelihood of requiring CR to fund OPEX. Obviously this assumes that things go somewhat to the plan spelled out in this HY, past form is not inspiring but the continued reiteration of production before year end gives me hope.
BNL Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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