Agent Cooper
It's 99.99% certain that it will be a direct placement to a large "entity" ... the identity which we all think could play a key role in BMN's future.
1] The worst scenario would be to offer shares to current holders/public ... BMN needs more retail dilution like a hole in the head!! Also more expensive, and takes more time. Could also see the SP thrashed.
2] BMN needs more institutions on board, so it could be placed to one of these. That would be a much better solution.
3] Far better, would be a placement to a potential off-take partner, or JV partner ... both of which would have a vested interest in aiding BMN through to development & production. An announcement of this type of placement would see BMN go ballistic.
Its wait & see time ... hence the SP trending sideways. Once this is out the way, these prices will be history!
stand-off, page-6
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Last
$3.05 |
Change
-0.050(1.61%) |
Mkt cap ! $536.1M | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.12 | $3.02 | $1.186M | 388.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3212 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |