I suspect that by the end of October, there will be more positive news on drilling/production. This will see the SP at a more healthy level and more investor optimism.
If there any chance of a CR this year, it will only be to fund existing drilling projects, it won't be a massive CR, any CR will be just a small prudent move to ensure cash levels are healthy and the company will get much more bang for its buck. No one will complain if the SP hits 6 cents - our focus will be elsewhere.
At the moment, there is enough funds available to get every started up anyway. Talk about CR's seems to be a bit premature. Talk of CR's is just talking down the SP at the moment.
BNL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)