you know how it works with most small caps on the asx. You must have been investing in this space for some time to be as cynical and jaded as me! You have articulated my default position and I’ll only change my mind when it’s proven otherwise. This goes for all small caps, not just bnl. Once the coffers are full a period of silence usually ensues while they figure out how to line their pockets with all that fresh capital, maybe some “performances bonuses, maybe a pay rise for directors, employee incentive scheme anybody? Maybe just drag out the timelines and milestones for an extra 12 months or so while receiving directors fees and massive managerial salaries.
let me know when the drilling starts. First production? If it wasn’t for the performance rights tied to this I wouldn’t believe it for a second. Let’s see. The SPP looks all but doomed and my guess is it’s been deliberately sabotaged. I’ll be more than happy to be wrong.
BNL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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