BMN 2.50% 3.9¢ bannerman resources limited

ownership and structure question

  1. 236 Posts.
    hi, I've watched BMN for a while but always felt it a bit expensive until now. I'm very tempted to buy some at these prices.

    Can some one explain the deal with Turgi Investments. In May 2005 BMN bought 80% of Turgi who owned the application rights for the leases in Namibia. So what's the situation now. Do BMN own 100% of the Namibia U leases or is it still a 80/20 split? If it's still a 80/20 split does that mean that all exploration and development costs are also split 80/20?

    Is there anywhere where the details of the ownership is spelled out?

    Any help would be greatly appreciated as I'm keen to buy into this stock but I just want to know exactly what I'm buying.
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