I think management needs to announce a CR asap along with a positive announcement. I'm still thinking a farm in is best scenario along with a CR. But however you look at it, it's a bit of a mess. This might drag on like this for another few months but as every day passes, cash remaining becomes more an issue.
i they did a 5c CR who would participate? Could they issue more than 20%? Or does it just become a death spiral? Do shareholders need to band together and force change?
im grappling with this ATM, because good investment should have:
low or no debt
good management
cash on hand and low outlook for pending CR
How can BML tick those boxes in the medium term? Clearly management needs to change.
I think management needs to announce a CR asap along with a...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $26.84M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $70.11K | 588.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 359999 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 190146 | 5 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.5¢ | 533406 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| BML (ASX) Chart |