Any thoughts by anyone on the recent price action?
There has been a pullback in the price of gold but couldn't imagine this being a major driver.
Smells like a ploy to have the remaining placement shares issued at a discount to the 8.5c offered to holders initially.
Have to say the results of the placement were fairly disappointing. Would love to have seen a rights issue to allow the top 20 to flex their muscle and highlight their true level of support for the project.
BNR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
