Bandanna Energy (BND) is the largest Australian thermal coal resource of any ASX listed explorer. The group’s market capitalisation of around $614 million places BND in the top 25% of ASX listed coal companies. The group is essentially an emerging coal explorer/developer which is positioned for significant growth. BND confirmed last week that it is currently looking for funding to help complete the development of its key assets. In a strategic review update released last Wednesday, BND said it would also be willing to consider external partners acquiring an interest in its assets. As such, it has invited non-indicative bids from a number of interested parties, with the bids due for submission by the close of business on 4 May, 2011. Bandanna Energy was one of the market’s hot stocks in the days leading to the update. Click for more FREE Stock Tips.April 27, 2011
ASX Energy Stocks News Bandanna Energy (BND)
Bandanna Energy (BND) is the largest Australian thermal coal resource of any ASX listed explorer. The group’s market capitalisation of around $614 million places BND in the top 25% of ASX listed coal companies. The group is essentially an emerging coal explorer/developer which is positioned for significant growth. BND confirmed last week that it is currently looking for funding to help complete the development of its key assets. In a strategic review update released last Wednesday, BND said it would also be willing to consider external partners acquiring an interest in its assets. As such, it has invited non-indicative bids from a number of interested parties, with the bids due for submission by the close of business on 4 May, 2011. Bandanna Energy was one of the market’s hot stocks in the days leading to the update. Click for more FREE Stock Tips.
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