No doubt this is a company under transformation, with errors (savanna, OPES) made along the way costing us all, but none more so than the perpetrators of those errors.
This is just the start for RCF, the listed entity (BMN) has basically slipped through NM's fingers.
By my sums (sure its back of envelope stuff & I'll post it later for those interested) BMN will need more funds very soon after, if not before the BFS is done, I think it must already be pencilled in for RCF to take another stake (hopefully) after the BFS. Hopefully it is only in pencil and LJ & CJ (et.al)can drum up some competitive tender type arrangement if they can hang on post BFS but that looks unlikely as they just don't have enough cash.
At the AGM I remember CJ stressing it's all about the tenements/prospects. As others have said it's basically a TO stock.
No doubt this is a company under transformation, with errors...
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Last
$1.98 |
Change
-0.010(0.50%) |
Mkt cap ! $353.6M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.07 | $1.95 | $1.456M | 729.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 499 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 15350 | 2 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| BMN (ASX) Chart |