Daz
Look a bit further than the surface
Its got nothing to do with how much BMN stock will be traded there. Its all to do with the impression it makes, and the National status it gives to BMN
Effectively, it means localy listed companies like PDN, DYL, and BMN, etc get to be viewed not as foreign companies "raping" local Namibian resources, but as Namibian registered & traded entities that are helping the Namibian economy, & are positioned for Namibian residents to also trade, hold, & benefit from financially.
This is good for:
1] future granting of other tenements
2] favourably viewed regarding water & power requirements
3] further kudos when it comes to throwing out Savanah's claim
4] ... I am sure management can reel off a few more reasons
Not just an empty "gesture" IMO, but is an example of the "Whole being Worth More than the Sum of its Parts"
cheers
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DazLook a bit further than the surfaceIts got nothing to do with...
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Last
$2.73 |
Change
-0.140(4.88%) |
Mkt cap ! $479.8M |
Open | High | Low | Value | Volume |
$2.78 | $2.79 | $2.65 | $1.990M | 729.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $2.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.74 | 5570 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 2.720 |
6 | 9538 | 2.700 |
1 | 5000 | 2.690 |
3 | 9729 | 2.680 |
3 | 20165 | 2.660 |
Price($) | Vol. | No. |
---|---|---|
2.750 | 1650 | 1 |
2.770 | 3000 | 1 |
2.790 | 4550 | 2 |
2.810 | 4573 | 2 |
2.880 | 300 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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BMN (ASX) Chart |