This Company could be 5 times higher in the not to distant future without special events.
It seems, BNR is absolutely flying under the radar.
Have a look at the hc attention...
Zero posting during the transformation from a sleepy stock to a cash machine and its promising acquired gold project Lake Rebecca.
As you can read in the announcements, the company is getting cash flow from royalties from their sold Geko gold project, what they sold to a private company. This cashflow in total will be 11 mln AUD.
BNR after a long period of scanning opportunities aquired the Lake Rebecca project.
Have a look what the neighbors AOP drilled out of the ground,
only 200 m away from BNRs tenement border!
(blue lines)
So BNR trippled its land holding at Lake Rebecca and got special permissions, because aboriginal rights.
It seems they want to expand tenements much more and are waiting for permission.
If this is not special enough, management bought out of the ASK side (i did own observations live in my account) an accountable number of shares.
I by myself think they wanted to get more, but the there are no shares on offer actually.
The shareholder structure is so what strong, nearly 50% of shares are in two hands as it seems.
Do you think that the Managers are so stupid to buy out all available shares on open market, if they don't believe the 11 mln will flow in and Lake Rebecca is a duster?
I think i am sitting an a nice bagger.
(have been lucky enough, bought before the management at 50% cheaper share price, when no-one was interested in this little pearl)
Good luck to all holders. In my view BNR will be in the teens very fast.
Mikro
