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!
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Last
$2.05 |
Change
0.090(4.59%) |
Mkt cap ! $366.1M |
Open | High | Low | Value | Volume |
$1.99 | $2.06 | $1.96 | $943.7K | 471.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9613 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.09 | 11903 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2460 | 2.050 |
3 | 17909 | 2.030 |
4 | 10506 | 2.020 |
1 | 3000 | 1.995 |
1 | 1300 | 1.990 |
Price($) | Vol. | No. |
---|---|---|
2.090 | 11903 | 4 |
2.100 | 650 | 1 |
2.120 | 10773 | 2 |
2.140 | 10000 | 1 |
2.150 | 10000 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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BMN (ASX) Chart |