I believe that this is a great deal for all, including us shareholders. Kevin has guaranteed that BWN will be transformed from "just another explorer" to a serious producer within 24 mths in a climate that is impossible to raise funds for such a project, meaning if not for this deal BWN would be like all the other explorers, burning money & goin nowhere.
The Indians just want guaranteed supply of coal at the correct price. They will not be looking to takeover ..... why would they want to spend $x million for that when they don't have to ?
Also they will not be "trading / shorting" etc as would the big funds etc if BWN needed to bring them in to raise capital for development.
This is the perfect outcome & I take my hat off to Kevin & the crew & would back him on any deal / investment.
Cheers,
Snoball.
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61.0¢ |
Change
0.010(1.67%) |
Mkt cap ! $167.8M |
Open | High | Low | Value | Volume |
61.0¢ | 61.0¢ | 60.0¢ | $8.248K | 13.60K |
Buyers (Bids)
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---|---|---|
2 | 21824 | 59.0¢ |
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Price($) | Vol. | No. |
---|---|---|
62.0¢ | 10247 | 1 |
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No. | Vol. | Price($) |
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2 | 21824 | 0.590 |
3 | 103379 | 0.580 |
1 | 869 | 0.575 |
2 | 1807 | 0.570 |
2 | 1100 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.620 | 10247 | 1 |
0.630 | 40737 | 2 |
0.635 | 10000 | 1 |
0.650 | 40000 | 1 |
0.680 | 15847 | 2 |
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