Mind you such low volume hardly worth taking it into consideration. Wrong. Weakness in the share price today( to a 4 year low ) must prompt every would-be investor to ask : Why? At current prices a capital raising - to support additional development wells- will now have to be at a steep discount : think 0.6 cents. And that is if a broker and their clients are willing to look past the numerous failed promises of helium production. Expect a few superfluous directors to be invited to go: think the lawyer Ross Warner. To keep their jobs the smartest thing that the directors can do is to find a JV partner (and operator) to fund the next few wells into Pegasus.
BNL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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