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.
- Forums
- ASX - By Stock
- in the weekend australian
I believe that this is a great deal for all, including us...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BWN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online