BMN 5.02% $2.27 bannerman energy ltd

everyone needs to change their thinking, page-81

  1. 270 Posts.
    Hey saozzi,
    Care to name your broker ? DJCarmichael
    Plenty of cash in the bank ? maybe you could explain away the thread I started asking if anybody interprets the latest anny re BMN accounts to June 08 differently to me IMHO showing 13Mill in the bank 19Mill spent for the year, assets of 41 Mill (exploration & mining licences)
    There is a section explaining that 6Mill per annum must be spent to maintain their rights to these same licences.

    And there is a line in the same anny to the effect that they will have to raise funds to progress the BFS.

    I'm interested in the basis for your comment of how they can do nothing for a year or two and be OK in light of these publicly available facts.



 
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