External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.</li><li>Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.</li><li>The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus

Bannerman Resources

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus