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chris1983

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Bannerman have had a huge rise this morning due to some interesting news being released this morning. They hit 85 cents.

“Notice of Preparedness to Grant” from the Ministry of Mines and
Energy (Namibia) for Exclusive Prospecting Licences EPL3345, Welwitschia and EPL3346,
Swakop River.
The notices state that the Company’s top two priority licences have been approved for granting
to its partner Turgi Investments Pty. Ltd. (“Turgi”).

The market cap of these shares is still very low. Currently just over 11 millions dollars. I will continue to hold. This is a speculative stock but could have some serious potential. Please offer your thoughts.

Regards,

Chris
 
They have been trying to get this licence for nearly a year, the 'Goanakities' licence is the important one,
 
If you read their presentation they are saying they have this license? Or am I mistaken?

Four projects with major
focus on uranium

NAMIBIA - Goanikontes / Swakop
Adjacent to the Rossing and Langer
Heinrich uranium mines

BOTSWANA - Serule / Dukwe
Adjacent to the Mokobaesi Uranium
Deposit

Regards,

Chris
 
Hi guys.

So am I correct that Bannerman have gained the license which has the Goanikontes land? I'm pretty sure they do.

I just did some research into the Goanikontes area. This website is the Ministry of Mines and Energy of Namibia. I have found some information that is interesting within the site.

Here is the link below for anyone who is interested

http://www.mme.gov.na/gsn/uranium.htm

I have cut the area I believe is interesting

"There is potential for similar alaskite-hosted uranium deposits in central western Namibia, for example Valencia (25.2 million tonnes of ore at an average grade of 300 ppm U3O8) and Goanikontes (potential resource of several million tonnes of low grade ore)."

Now they dont know how much Uranium is at Goanikontes as it hasn't been drilled to a great enough extent but time will tell and hopefully there is a lot of it. More drilling needs to be done to find out exactly how much Uranium is there but it sounds very similar to the ore that is at the Rossing mine.

Anyone want to add their thoughts?

Regards,

Christopher
 
Bannerman are going strong. Currently at 90 cents and the ask is 92. They are currently up 16 cents. Still plenty of room for these to move since their shares on issue is just over 14 million shares.

Regards,

Christopher
 
Chris 2 things,


1. Fully issued/diluted capital (unlisted stock + options) = 35m @ 90c = $30m mkt cap


2. They have been in Nambia for well over 8 months with no drilling @ all, they have been applying that main Goanakities licence from the start and have been refused before, I hope they get it this time, Nambia has been kind to some (PDN) and not so kind to others (RTM)


Great stock I held n made a damn good profit, but just be careful, they are very very spec

Very High Risk = Very High Reward


Good Luck
 
Hi all,
spoke to my broker re BMN today. Apparently the wording in there ann is a little tricky and that they still have not got approval yet and that it will be towards the end of May before they know. Also the people behind this are also the people behind CAZ and we know what happened there. In effect they still have nothing really.
 
Your absolutely right kevro. The licensing hasnt been completed yet as stated by their message. It is going to take 30 days.

Bannerman Resources Limited (ASX: BMN) is pleased to announce that the Company has signed and submitted the “Notice of Preparedness to Grant” from the Ministry of Mines and Energy (Namibia) for Exclusive Prospecting Licences EPL3345, Welwitschia and EPL3346, Swakop River. The notices state that the Company’s top two priority licences have been approved for granting to its partner Turgi Investments Pty. Ltd. (“Turgi”). As previously announced the Company has acquired 80% in the capital of Turgi. In signing the notices the Company has agreed to the Ministry’s statutory conditions which includes, amongst others, entering into contracts with the Ministry of Environment and Tourism relating to environmental protection issues. Completion of this process, and the issuance of the licence documents is anticipated to take place within 30 (thirty) days.

The licenses have been "approved" for granting. It is good signs and looks likely that they will secure the licenses but anything COULD go wrong. I think it is looking very likely they will be granted the licenses but you never know what can happen.

That is why this is a speculative stock but hey im willing to take the risk because I think everything is in Bannermans favor. Better to have been approved for granting than being rejected.

I took half profits on my holdings to cover what I outlayed but i'll be holding the rest for the long haul. There was an article in the west australian today stating that the grounds they could aquire are very prospective for uranium.

Lets see what happens but I can see some good things happening for this stock.

Regards,

Christopher
 
Hi All,

So we all know this stock is a major play. Still very risky.

bmn (Bannerman) = 1.08, volume = 15,110,000
bmno (Bannerman Options) = 91.5, volume = 15,790,003

Options are exerciseable at 20 cents

High for the year is 1.25

Lets just say this has had some huge rises in past weeks. I was lucky to jump on board at 48 cents but it is very possible we could see a 2.50 share once the tenemants are completely secured. These tenemants have been seen as one of the best uranium exploration tenemants for any uranium exploration company in the World. Which was stated in an article in The West Australian. With potential resource of several million tonnes of low grade ore at Goanikontes this is a very interesting stock.

Once the tenemants are secured and all the papers are signed sealed and delivered I think we will see a lot more investors pouring money into this stock. But hey thats just my opinion.

I will sit and wait.
 
Bannerman have completed their prospecting licenses. Read below. Great stock! Go Bannerman :p

Bannerman receives final prospecting licences in Namibia
10:43, Monday, 29 May 2006

Sydney - Monday - May 29: (RWE Aust Business News) - Bannerman
Resources (ASX:BMN) has received final licences for prospecting at
Welwitshia and Swakop River in Namibia.
The company will immediately commence exploration in the two
areas.
The licences lie in the Swakopmund district which hosts the
largest open cut uranium mine at Rossing as well as the Langer Heinrich
deposit.

up to 1.20 this morning and rolling high for the year at 1.25. I think we can expect to see the 1.25 mark broken very soon.

Regards

Christopher
 
It'll be interesting to see what effect the presentation to investors will have this coming week, very interesting if it is a successful presentation...
 
Looking promising for Bannerman. They have flown back up from 70 cents to $1.12 over the last few trading days. This stock was hit hard like many stocks but they have rebounded well. Volume is increasing. Looks like something is going on. I'm hoping for some good news or maybe drilling will commence soon. Ive been a believer in this stock for awhile now. I'll be holding until they find something big :)
 
Drill results should be due out soon, hopefully they are promising, I'm expecting that they will be
 
Hi Matt123,

What do you mean drill results should be out soon? There has been some past drilling done on the Goanikontes area and it looks very promising but I dont think any drilling is happening at this very moment. They are planning for drilling to take place in August. If you read their presentation that is what they state. Anyway this company has to be atleast a 2 year hold. I honestly think we could be in some serious money by then. We have to play the waiting game now for the really big returns.

Regards

Chris
 
Sorry about that. I meant the geophysical surveying and magnetic surveying. I have no idea if and when there will be results released. But it has been three weeks now and I'm hoping something will be available soon. What I would really like to see though is the results of the meeting with investors in London.
 
:) Thats alright. Your just as excited about this stock as I am. Hopefully we are going to see huge returns. Their grounds for exploration are excellent. It looks very promising from the drill results in the 80's. They are practically smothering Paladin with the tenements they have obtained. Now we just sit back and let the good times role.
 
Does anyone know what happened today? That was quite a jump with no announcement.
 
Just no sellers that's all, doesnt't mean much with low volume....hope you're not ramping it mate, could be over priced anyway...do some reasearch and then you'll see, would be easy to get it to $10 per share at the moment and con a few suckers!!!
 
BMN has finalised the palnning for a reverse circulation and diamond drilling programme on its Goanikontes and Swaptop RIver project

It seems the project is very significant, "to the point that the Company has decided to concentrate on these projects and to withdraw from the farmin agreement covering the Pinnacles nicek project?

Any thoughts?
 
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