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re: Ann: Lamboo Project Advances Closer Towar... Capital...

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  1. taboud
    23 Posts.
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    19/10/12
    09:52
    Post #: 10882121
    re: Ann: Lamboo Project Advances Closer Towar... Capital raising

    $5m raised won't hurt at around 9c. Will flood another 56m shares onto the market but will provide a bit of liquidity in the stock.

    Still would have 126m shares on issue and edging closer to production. Who knows maybe it may lay the foundation for obtaining debt of $15m.

    At 25c BNR would still look reasonable...$25m EV and potential to expand the resource at depth!

    Promising times ahead, all in speculation though...will have to wait and see what the terms of the raising are.

    BNR Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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