Maybe UBS playing around with their parcel to hold this around the 7-7.5c mark.
My prediction of events:
1. UBS to manage the placement and fully underwrite it (7.5c issue) 2. Broker report to subsequently follow, with a pump into the 10-12c range. 3. Funding agreement - 60:40 debt to equity ($14m debt) $8m equity issued at 10c (80m shares issued). Total scrip following = 180m
Hard to put a timeframe on the above but would be a favourable outcome I believe.
All in my opinion of course.
BNR Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
