The Elephant in the Room is the fact that they have NET cash for a mere $4m.
Stay tuned for a capital raising.......
The Board will be hoping for a great big spike in the share price if they get half reasonable results with the trial, and then Bell Potter and Shaw's will be trying to raise say $20m????
Whaddayareckon?
The share price is not soft for no reason.
Good luck to all.........
BNO Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held