Trading below cash, page-2

Yeah agree. BNR has always been tightly held. Once the few sellers who have been happy to cash out after getting their PNR shares leave the building, the stock is likely to re-rate very quickly if they announce a new project. I own a lot of BNR so I'm keen to see what the boys come up with. They have 6 months but I doubt they will wait more than a few weeks to get the ball rolling. On the flip side, PNR seems to be going from strength to strength so all S/holders should be happy to still have a fair stake in the Halls Creek project via BNR. A couple of nibbles at that 2.5 cents this arv ... you just get the feeling once that level is gone its only a matter of time before we move north again.