BMN 7.87% $3.29 bannerman energy ltd

resource upgrade imminent

  1. 180 Posts.
    The resource upgrade next week will also provide opportunity to create a new marketing platform for the company.

    There will certainly be the normal press articles associated with a critical company announcement.

    I would also expect a roadshow with the Directors explaining what it all means and their ongoing strategy. They normally also get to talk with Fat Prophets etc.

    Also I expect some more drilling results from the 5 rigs out there every day. Quarterlies due next week as well.

    The intent must be to improve the s/p rapidly with view to money raise at a higher level to minimise share dilution.

    With the majority of BMN shares held by 5 major shareholders who have never sold over the last 3 years and the screen sell depth diminishing daily this is very possible.
 
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$3.29
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0.240(7.87%)
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$3.23 $3.32 $3.22 $4.289M 1.306M

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1 618 $3.29
 

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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
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