The oppies are in the money and that will give them an additional 1.7 million in cash. They also had 1.7 million in cash at bank in their last report. There were 3.4 million oppies exercised recently. Thats 230 grand there.
They have enough money to keep their exploration funded for some time yet. If they wanted to raise funds..how easy would it be for them. Little share dilution will occur. You have to read heavily into the historic resource. They have had recent drilling and the mineralisation extends to over 300 meters. Depth extensions of the mineralisation are confirmed. Very similar to the Rossing deposit. This is a winner. This is my opinion. Good luck. If you what further analsys of BMN read through the reports..see below. Good report from Carmichael.
http://www.bannermanresources.com.au/docs/2007/BMN_Carmichael_20070223.pdf
why should i buy this stock, page-10
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Last
$2.44 |
Change
0.020(0.83%) |
Mkt cap ! $431.5M | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.48 | $2.40 | $429.9K | 176.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6777 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 13721 | 19 |
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| Last trade - 14.19pm 12/08/2024 (20 minute delay) ? |
| BMN (ASX) Chart |