Bots are not my concern at the minute, nor the concern of the greater market I'd imagine.
There is helium in the ground yes indeed. But the company could be at real risk of collapse here. We really don't understand the operational cost of getting it out of the ground or the real average grades of helium we will find there. Voyager might not be viable, simple as that.
If it's not, yes we own other assets but likely little cash left, increasing overheads including whatever the liabilities to IACX who installed plant ( I think this was secured by lease?), the remaining lease costs and drilling/setting up the new plant. If they can raise money, a 50% dilution...Can't imagine they will be able to raise $$$ above 1 cent.
We are hinging on Voyager's viability, not sure everyone appreciates the real risk here. I've dumped 80% of my holding accordingly, will take a full bath on the rest. But dudes, make no mistake about it- there is real risk of total collapse here.
BNL Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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