They are liable for stumping up capex at the point where a mining decision is paid in order to retain 20% ownership, or come to some other arrangement that is mutually agreeable.
Essentially they are free carried (not diluted by cap raisings) until the mining decision is made.
Apparently they wanted to unload some/all a while back so they could convert some of the ownership to cash, but the company wasnt itching to tie up a deal at that point for whatever reasons.
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Last
$3.11 |
Change
-0.050(1.58%) |
Mkt cap ! $638.8M | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.20 | $3.08 | $2.802M | 893.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4196 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
| BMN (ASX) Chart |