Just my opinion @sudsinvest, but taking into account of a few things:
- BNR has around 2.5+% holding in PNR (MC $44 million meaning BNR's holding = $1+ million)
- Hall's Creek is building towards nameplate capacity
- POG circa AUD$1700 - projected to rise further towards mid 2016
- management not remunerated until debts are paid (despite this, RM constantly accumulating on-market)
With Matsa & RM holding over 40% of this company already (and growing it seems), just means this stock is getting more tightly held given they only have ~174 million shares on issue
I would say a run towards $10 million MC given all of the above is not out of the question, that's 5c+
Ann: Change in substantial holding, page-4
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4.1¢ |
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Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30422 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 200000 | 1 |
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