They sure made it complicated for themselves. They could have just said they would award themselves performance rights when the achieved a VWAP of 10c for 20 days and been done with it. At the end of the day that’s all shareholders care about.
they need to recover their credibility now before things will start moving again, their new timelines seem so unlikely that many believe they’re being bullsh!tted. I dare say they could successfully CR (if not debt finance) for a proof of concept modular extraction unit to start bottling without even having an offtake set up. Build it and they will come. I reckon that would get the SP moving in the right direction pretty quick assuming it all goes to plan of course.
BNL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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