Post by
arh0070 on Jun 13, 2023 9:51am
Bnxaf
I looked at the bid/ask of bnxaf on the pink sheets (in US dollars).Volume is very small and it does fluctuate a lot but there has been improvement with the bid/ask being in the range of 0.72 to 0.76 cents US ,this implies an opening price on the Canadian exchange of around 1$ canadian or thereabouts ,not too bad compared to what it was a few months ago.
So Mr Market is predicting the survival of bnxa certainly compared to What it was 6months ago.
When it relists one would imagine considerable volatility as some investors seek to exit .
Whether there will be a private placement once it relists to beef up cash balances remains to be determined.