Hi Footmax Thanks for reply target price whether right or wrong isn't important in the context of seeing how much on paper we may be up but rather what is fair dilution as a % of mc to raise enough money to put next years drilling programs in place so we don't have to be concerned if sp falls dramatically if first drilling results are not commercial. I'm really happy for the sp to be higher, however what I want to see is 30 day moving average to stay above .06 now, if higher great less dilution. But funds in the kitty now are what will or will not make or break this company. Holding these sp is the key for next 30 days and it looks to me if market is starting to price in a new low for bnl at .06-.065 which is a great re-rate from .03 hope can push .08 before drilling but that's 100m mc which is pritty high even though our tenants are of an exceptional class, heres hoping.
BNL Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)