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BMN - Bannerman Energy

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dj 420,
If the Dow doesnt drop as you hope you will find that BMN opens up higher at the very beginning of trade.
As a long time watcher, I have noticed that sales for BMN start virtually seconds after open of the ASX.
You may miss out on your entry because of this.
$3.03 ish is a pretty good price IMO , and with plenty of talk on ,Hartleys Fat P etc etc (see Bannerman web site)predicting $5 in the short to medium term and $8..$10..$?? long term,
For the sake of a few hundred dollars now, you may miss out on $1000's later.
 
DAZT49 said:
dj 420,
If the Dow doesnt drop as you hope you will find that BMN opens up higher at the very beginning of trade.
As a long time watcher, I have noticed that sales for BMN start virtually seconds after open of the ASX.
You may miss out on your entry because of this.
$3.03 ish is a pretty good price IMO , and with plenty of talk on ,Hartleys Fat P etc etc (see Bannerman web site)predicting $5 in the short to medium term and $8..$10..$?? long term,
For the sake of a few hundred dollars now, you may miss out on $1000's later.
Click to expand...

Now don't pressure him... but you're right.... BMN's majority movement happens the first 1/2 hour...
 
dj,
insider is right of course. Please DYOR!!
i wonder if management will hold back the announcement re the TSX listing
until the market stabilises?
The TSX listing and its effect on the SP is my hold/fold decision time.
 
So I noticed that Hartley's believe that Bannerman could become a takeover target once some further numbers are released.

Anyone care to speculate who might want to take them over?

Areva? Or have they spent enough lately with takeovers Uramin and some of Summit.

Rio Tinto? Rossing is expected to be mined out by 2020.

Just some food for thought:)
 
DAZT49 said:
dj 420,
If the Dow doesnt drop as you hope you will find that BMN opens up higher at the very beginning of trade.
As a long time watcher, I have noticed that sales for BMN start virtually seconds after open of the ASX.
You may miss out on your entry because of this.
$3.03 ish is a pretty good price IMO , and with plenty of talk on ,Hartleys Fat P etc etc (see Bannerman web site)predicting $5 in the short to medium term and $8..$10..$?? long term,
For the sake of a few hundred dollars now, you may miss out on $1000's later.
Click to expand...

Hey guys, yeah got my entry, ready to buy more on any weakness. I like the look of BMN and have been waiting for a decent down day to time my entry.
 
dj 420,
I bet you cant stop smiling this morning:D Well done!!
Dow recovered ok last night after going 100 points lower ranging 180 points on the say and finishing up 45 points.
U price crept up to $78/lb.
Bring on the resource upgrade and TSX listing
 
kennas said:
Next resist may be around $3.25, which was target from H&S as well.

Pretty solid short/mid term uptrend in place, bouncing well off support on the way up...:)
Click to expand...
$3.25 resistance (was H&S target also) seems to be proving up. I doubt this upward trendline can continue like this for the appreciation to be healthy. If it keeps climbing like this we're likely to see something like we did when the last rush up finally fell over. I'm expecting/hoping for some health consolidation around the green circle.

In regard to takeover candidates, you'd have to consider RIO to be putting the ruler over them. Just tack Welwitschia onto the Rossing tennament.

I like this assessment by DJ Carmichaels:

When converted on a fully diluted basis, allowing for increased capital to account for an estimated 60:40 debt to equity ratio for project finance, the NPVs translate to a share price of between $4.37 and $5.41 per share for the Goanikontes A project alone, without including exploration upside.
Click to expand...
 

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hi kennas,
i see the chart differently to you.
Your chart looks like "all data" weekly (right?)
The chart is "squeezing" all the info onto the screen, so that the hoizontal scale is different from the vertical scale, if you looked at a chart with, say "daily" 3 months the trend lines become flatter, its a balance to get the
vertical and horizontal scales roughly the same.(I personally use daily 2 months but refer back for trends)
On my chart I have used "daily" 6 months.
I see a upward channell ( the two green lines) with the SP ranging between the upper and lower line, the next movement "range" be upward with a target price of $3.70.
Notice the 6-7 day pattern between each channel.
All interesting stuff.
cheers
daz
 

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considering the size of this thread it seems that bannerman resources are a bit of a favourite amongst the internet trading community...

why is this??? i would like to learn more about it...

how is it expected to travel in both the short and long term???

cheers in advance
 
bergers_n_fries said:
considering the size of this thread it seems that bannerman resources are a bit of a favourite amongst the internet trading community...

why is this??? i would like to learn more about it...

how is it expected to travel in both the short and long term???

cheers in advance
Click to expand...

Hey dude,

All that you need to do is read the entire thread and you will be able to educate yourself. No use repeating what has already been typed. Also have a look at their website and read the last 6 months worth of their announcements. aLot will be happening in the company over the next 6 months but don't take my word for it, do your own research and you will see.
 
kennas said:
$3.25 resistance (was H&S target also) seems to be proving up. I doubt this upward trendline can continue like this for the appreciation to be healthy. If it keeps climbing like this we're likely to see something like we did when the last rush up finally fell over. I'm expecting/hoping for some health consolidation around the green circle.

In regard to takeover candidates, you'd have to consider RIO to be putting the ruler over them. Just tack Welwitschia onto the Rossing tennament.

I like this assessment by DJ Carmichaels:
Click to expand...

Also note that DJcarmichael's target price is assuming that the dilution of shares has already taken place which it hasn't therefore the share price could go alot higher IMO. Also at what price will the dilution take place? It is possible that the amount of shares needed to be issued may be alot less than expected in raising the capital.
 
champ2003 said:
Also note that DJcarmichael's target price is assuming that the dilution of shares has already taken place which it hasn't therefore the share price could go alot higher IMO. Also at what price will the dilution take place? It is possible that the amount of shares needed to be issued may be alot less than expected in raising the capital.
Click to expand...
The first statement doesn't make a lot of sence to me. Why would it go a lot higher than their estimate because of this? The sp could appreciate in the lead up to any capital raising, but it may not too which will mean they will have to issue more shares. DJ's put in their conservative to more bullish numbers which gives you the spread quoted. I can't see any justification in your statement there for the sp to go any higher. Just IMO. :confused:

From my perspective upside comes from an increase resource and production rate than they estimate and increased U price. Also, I don't believe exploration potential is fully factored in either, and this is where the real upside could come from but is impossible to put a figure on at this stage. There could well be another Anomaly A equiv out there, or more. Perhaps if they get some exploration drilling done in the comming months with positive results that will give it further upside.
 
kennas said:
The first statement doesn't make a lot of sence to me. Why would it go a lot higher than their estimate because of this? The sp could appreciate in the lead up to any capital raising, but it may not too which will mean they will have to issue more shares. DJ's put in their conservative to more bullish numbers which gives you the spread quoted. I can't see any justification in your statement there for the sp to go any higher. Just IMO. :confused:

From my perspective upside comes from an increase resource and production rate than they estimate and increased U price. Also, I don't believe exploration potential is fully factored in either, and this is where the real upside could come from but is impossible to put a figure on at this stage. There could well be another Anomaly A equiv out there, or more. Perhaps if they get some exploration drilling done in the comming months with positive results that will give it further upside.
Click to expand...

My interpretation is that DJC have valued BMN on the basis where they have factored into the share price the 60:40 deb't /equity dilution. They have taken the current resource without exploration upside and put a figure on it including the dilution so around $4.50 is what they come up with. Are people blind??? Why is it that few people can see this??? I'm stumped! Please tell me where are the shares for the capital raising to dilute the price down to $4.50?? Let me think?? there isn't any! Oh my gosh, does that mean that the share price should be higher then??? My gosh! Yes it should! LOL...I dunno mate. Each to their own interpretation....I'll leave you with this thought. :):)
 
champ2003 said:
Please tell me where are the shares for the capital raising to dilute the price down to $4.50?? Let me think?? there isn't any!
Click to expand...
I'm not sure what you mean by 'dilute the price down to $4.50', when the current price is $3.20 ish, but anyway. I assume you assume the sp will be much higher at some point and will be 'diluted down'. :confused:

Dilution will occur through further capital raisings Champ. They will have to raise money for the PBS/BFS early next year ($20m ish), maybe for more exploration ($?), and then for the capex ($400m ish). It won't all be raised through donations I feel. They have about $10m in the bank now I think, so that will take them some of the way into next year. Excise of options (20m mostly at 20 cents) will also dilute the shares a little. DJ's are assuming 60% will be from the bank for capex I think. Let's hope they do end up raising funds at a higher price. I assume most of the equity will be placed to institutions, but I will be hoping that they do a rights issue also.
 
kennas said:
I'm not sure what you mean by 'dilute the price down to $4.50', when the current price is $3.20 ish, but anyway. I assume you assume the sp will be much higher at some point and will be 'diluted down'. :confused:

Dilution will occur through further capital raisings Champ. They will have to raise money for the PBS/BFS early next year ($20m ish), maybe for more exploration ($?), and then for the capex ($400m ish). It won't all be raised through donations I feel. They have about $10m in the bank now I think, so that will take them some of the way into next year. Excise of options (20m mostly at 20 cents) will also dilute the shares a little. DJ's are assuming 60% will be from the bank for capex I think. Let's hope they do end up raising funds at a higher price. I assume most of the equity will be placed to institutions, but I will be hoping that they do a rights issue also.
Click to expand...

(I'm not sure what you mean by 'dilute the price down to $4.50', when the current price is $3.20 ish,)

Its the $4.50 price forecast that i am talking about Kennas, not the current share price. Not to worry. Lets just forget it.

All the best

Champ2003
 
Haven't heard much from my fellow band of bannerman brothers of late. Which i find suprising, people were all over this when it was doing badly and today we are back at 3.42 and not a peep. Hopefully your all to busy popping the champers and counting your profits.
 
my eternal thanks to chirs...
he unearthed a real jem in BMN.... i'v been in this stock ever since reading his posts way back when...

yeah, not much to post on bmn... shares go up, shares go down, thats the market.... but at the company its business as usual...all the way hopefully to production...
 
I'm pretty happy with this stock. Once of the best recoveries after the 'crash'. Not so happy with the fact that i thought it was too risky to buy more at 1.40 a couple of months ago... Back when the U sector was dying. I think this is one to hold for quite a bit longer.
 
Havent been posting as nothing much to say.
I am waiting for the TSX listing as this is SUPPOSED to put a rocket under the SP.
I am sure it will rise but I doubt the short- medium term $10 that has been mooted.
it will get there, maybe when they scoop the first shovel full of yellow cake, !! THEN the Sp will
climb to $??
It is also a frustrating stock to watch, given all the good info, reports etc.
The pathetic volumes and flukey price movements drive me nuts.
Yesterday was good, lets hope it continues.
 
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