The conversion puts half a mil$ in the bank to fund drilling so there is an upside. It should also stave off a CR for a little while longer. I dare say they will sell down about a quarter of their new shares though to recover the cost of conversion. So not all bad news.
although I do note the BSNLF was down pretty hard (22%) over night (on low volume).
Ann: Notification regarding unquoted securities - BNL, page-8
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $13.47M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $45.15K | 9.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 514861 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3604481 | 9 |
View Market Depth
| Last trade - 15.25pm 27/06/2025 (20 minute delay) ? |
| BNL (ASX) Chart |