Q: Can I please get your view of Benjamin Hill Mining (BNN). Buy or wait it out?
5i Research Answer:
BNN jumped over the last year, displaying total returns of 191.2%. The balance sheet does not have any cash on it but is also debt free. The company recently provided a positive project update on its its newly acquired 20% interest in Aion Mining Corp which is giving BNN further exposure to the coal industry. BNN is very small cap at only $34.17M. BNN is too small for us with a market cap $34.17M to give it any real consideration. It is a speculative play depending on developments regarding the companies various exploration projects. It has negative cash flow and will need more capital, but of course the stock gains help it in this aspect. We would just watch this for now.