I agree with your comments and share your frustrations.
It appears the Company has made solid progress in recent months and despite a stream of positive reports the share price has failed to respond.
Could it be that everyone thinks that they are 'cum issue' ? Cash at 31 Dec of A$2.6M and whilst drilling is being (entirely?) funded by Helium One there is still a high corporate burn rate with operations in the USA. Also, the trade creditors as at 31 Dec is relatively high at $0.47M. Look forward to the March Qtr cash flow statement.
Or is this selling from the Placees who got in at $0.004 and content to sit on their options.
Or is their any chance of a Share Consolidation. Pure speculation on my part.
Or all of the above?
I don't know, but I am concerned by the probability of cap raise to fund the forecast Q2 (CY2025) production and to just maintain a reasonable level of liquidity. BNL Directors - if you read this, this time would be appropriate to focus on current shareholders to support their company and participate in any raise.
I agree with your comments and share your frustrations.It...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.16M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $3.308K | 503.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 9967609 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5816495 | 5 |
View Market Depth
| Last trade - 15.44pm 13/06/2025 (20 minute delay) ? |
| BNL (ASX) Chart |