BNL 11.1% 0.8¢ blue star helium limited

The thing with Voyager is they committed mortgaging the Voyager...

  1. 3,846 Posts.
    lightbulb Created with Sketch. 923
    The thing with Voyager is they committed mortgaging the Voyager lease to IACX based on only hole and no flow rate determined?

    Now more is known and the Voyager business case might be borderline due to millions needed to lease the IACX processing plant?

    But could BNL with what is known be better off at Voyager buying their own processing plant for let's say US$15m or so rather than about AUD5m per year or whatever the figure is per year leasing the IACX plant?

    BNL is locked in with IACX at Voyager and never gave themselves the ability at Voyager to make a decision based on more drilling data on buying their own plant versus leasing a plant. Given they locked themselves in early with IACX based on one drill hole only and no flow data? That one drill hole they marketed as being 8.8% but when drilled nearby later and flow tested it came in lower which would of been a clearer picture if more drilling was done before deciding to lock themselves in with IACX at Voyager with IACX get a mortgage over the Voyager lease?
 
watchlist Created with Sketch. Add BNL (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
-0.001(11.1%)
Mkt cap ! $15.53M
Open High Low Value Volume
0.8¢ 0.9¢ 0.8¢ $748 92.47K

Buyers (Bids)

No. Vol. Price($)
3 3457495 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 3790752 9
View Market Depth
Last trade - 15.44pm 15/05/2024 (20 minute delay) ?
Last
0.8¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.8¢ 0.8¢ 0.8¢ 261414
Last updated 14.55pm 15/05/2024 ?
BNL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.