BMN 0.00% $3.58 bannerman energy ltd

You are talking garbage.Everyone knows BMN have 80% stake in...

  1. 2,085 Posts.
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    You are talking garbage.

    Everyone knows BMN have 80% stake in Etango and CJ et al.(as you refer to the others) have the other 20%. They are free carried on the DFS, and then if development goes ahead BMN pay 80% for the CapEx and CJ et al. the other 20%.

    You are saying that CJ et al. could sell their 20% stake in Etango and then use that cash to fund their share, or part thereof, of the Etango CapEx.

    That is garbage! Why would CJ sell their share, but still retain liability for the CapEx? Garbage, garbage, garbage.

    That's like you selling your house and then retaining liability for forking out the cash for the renovations that the new owner wants to do.

    If this is what you truely believe after your "one word...research", can I please buy a house off you?

    Think before you type.

    Choice
 
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