There were a number of posts at the time between karibas and doctorj, doctorj took an uber-conservative view (as is his right, and is often prudent) and karibas was far more bullish. It is all there in the threads, in black and white. At this point in time, karibas is vindicated.
BMN - Bannerman Energy
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There were a number of posts at the time between karibas and doctorj, doctorj took an uber-conservative view (as is his right, and is often prudent) and karibas was far more bullish. It is all there in the threads, in black and white. At this point in time, karibas is vindicated.
Sean K
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In what way?
The sp is still no where near anyone's valuations including dj carmichael et al.
The current run is just an interim move to wherever it's going. At this point, no one is correct.
What has occurred between the series of posts between kariba, doctorj and myself, is that BMN brought out a very positive scoping study. They have had some great PR throughout the media. The general U sector has started to recover, with the spot price appreciating. The commodity sector in general has been very well supported. The financial fallout from the US seems to be restricted so far to a few large banks, so people are taking more risks with their money. We are getting closer to the TSX listing so punters are buying in. The next resource estimate will be on it's way which is anticipated to be 100m lbs +, and this will be just the first of several deposits, all leading to sp appreciation.
So, what was kariba right about?
In fact, forget it, this thread gets distracted enough from the usual cheer leading that goes on. Let's juist stick to analysing any new facts. Cheers.
kariba was vindicated by the scoping study of course. Okay I will leave this thread, complete waste of time. You don't seem to enjoy when the share price is firing and people are enthusiastic, it's strange.
You have overmoderated this thread Kennas.
Now instead of posting's about the future of BMN's share price we get posts from everyone leaving the forum if their are any posts at all. The next six months are going to be an exciting time for the development of the company and would have been great to share with the same posters who have supported BMN for a long period of time. I agree it shouldn't be a ramp fest or a daily commentry about the share price.
As stated above there is a lot to get excited about.
The TSX listing
The resource announcement
The drilling of the rest of the tenement
The BFS next year
Getting offload contracts mid next year
the directors setting the option strike price over 7
The one to get most excited about is the drilling of the rest of the tenement
Don't take this personally as i have thoroughly enjoyed the objectivity that you have bought to the discussion and eagerly anticipate your graphs.But you have banned or driven everyone off this site which is a pity for all of us for reasons to be that seem tripe.
Thank you,
the barry
is kariba banned too???
for a company as promising as BMN, its actually hard not to ramp
Broadside, i think the conversation between doctorj and kariba was awesome becuase doctorj came in from conservative side, but after the arguements put forward by kariba, revised forecasts and predicted a SP target much higher than what it is now...
more dicussion along those lines is what makes for a good forum...
I am just annoyed i didn't load up at 1.40 or thereabouts
for a company as promising as BMN, its actually hard not to ramp
Broadside, i think the conversation between doctorj and kariba was awesome becuase doctorj came in from conservative side, but after the arguements put forward by kariba, revised forecasts and predicted a SP target much higher than what it is now...
more dicussion along those lines is what makes for a good forum...
I am just annoyed i didn't load up at 1.40 or thereabouts
Sean K
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This thread is but one of hundreds on ASF, but for some bizaar reason it has taken up the largest % of my time to try and make full of reasonable and objective discussion. And even after banning the worst rampers it still ends up full of BS.
I am also disappointed that some people, who seemed to be intelligent, have failed to participate in this thread according to ASF posting policies, which I am only attempting to uphold.
I do not care that the rampers do not post in this thread anymore. BMN is just one topic out of thousands here. There are hundreds of other threads that are thriving, full of people who fit into the ASF investment community, who are willing to look at stocks and life objectively.
Those who want to ramp, or not be questioned through reasonable argument, can please go elsewhere.
I find it very amusing that even those who have been banned come back here every day to view what's been discussed. Losing them from this site has been to ASF's long term advantage, IMO.
Hopefully, the more professional and mature investors who remain, will continue to make this thread a source of quality information on BMN and it's future prospects. And I hope that new investors can come to this thread and receive quality information, instead of pages and pages of BS which has typified this thread in the past.
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The big question is are you still holding GN. I sure hope that you are and that your faith in BMN will be well rewarded.
Sorry for posting more BS Kennas.
MB
Boys, in a rush at the moment so wont get the link but there is another excellent article on bmn by westwoods which has just been posted on the bmn website. I think that is the reason behind the jump again today. I cant wait till it lists on the tsx, is going to be very exciting indeed.
Sorry, it is westwind. Here is the link i shouldnt be so lazy.
http://www.bannermanresources.com.au/docs/2007/BMN_Westwind_20071105.pdf
Enjoy.
http://www.bannermanresources.com.au/docs/2007/BMN_Westwind_20071105.pdf
Enjoy.
Sean K
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It is good for BMN to have another broker providing a buy recommendation. I'm not too sure about their assumption of 91.8m lbs, although they do say this is a minimum assumption. (and why the .8 ) That can only be good if they do pull out a JORC higher than that I suppose. The other anomaly in their valuation is that they are assuming the same grades in the final resource, which most of us believe will be higher. They also assume only a 50% success rate in establishing the continuity of mineralization to the strike length of 2.3 kilometres and a depth of 350 metres. A more aggressive valuation assuming say 70% success rate, changes their valuation to $5.40. So, they may be being a little conservative, which is right up my ally.
Was that an all time high close yesterday?
Nice gap up, hopefully a breakaway, but will at least provide additional support around the $3.50 mark.
) That can only be good if they do pull out a JORC higher than that I suppose. The other anomaly in their valuation is that they are assuming the same grades in the final resource, which most of us believe will be higher. They also assume only a 50% success rate in establishing the continuity of mineralization to the strike length of 2.3 kilometres and a depth of 350 metres. A more aggressive valuation assuming say 70% success rate, changes their valuation to $5.40. So, they may be being a little conservative, which is right up my ally. Was that an all time high close yesterday?
Nice gap up, hopefully a breakaway, but will at least provide additional support around the $3.50 mark.
Attachments
Seriously, how do you guys feel the main U stocks will hold up during this current market volatility? U prices are going up again, sentiment is good, and stocks are doing great. Do you think they will hold around supports, or capitulate with the current market. Personally I don't think we'll see the lows of last August.
Sean K
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I wouldn't rule anything out in a major correction, if we ever get one...The BHP/RIO news will probably support the entire resource sector in the short term. U price definately seems to have stablilised, but juries out on how high it returns. I'm taking any short term weakeness to add to my positions at the moment. Not really holding much, see Blog for what's there.
Sean K
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Sean K
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Another ann yesterday advising that opex will come in a little cheaper. Nice change, from my experience these things tend to get more expensive.
Also good to see advancements on water and power which were one of the risks associated with getting this off the ground.
The other interesting this was mention of Rossing and possible synergies.
Why wouldn't Rossing be looking at BMN as just one giant synergy? I'd be surprised to see BMN remain independant, with the potential to be had and valuations and targets comming in quite a bit above the current sp and the future of the uranium fuel industry still looking positive...
Also good to see advancements on water and power which were one of the risks associated with getting this off the ground.
The other interesting this was mention of Rossing and possible synergies.
Why wouldn't Rossing be looking at BMN as just one giant synergy? I'd be surprised to see BMN remain independant, with the potential to be had and valuations and targets comming in quite a bit above the current sp and the future of the uranium fuel industry still looking positive...
Sean K
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Futures still read $110 Dec and back to $80 next year. Spot still at $93. All the base and PMs are off, probably just tied in with that. I'm not sure if just 3 U players is enough to judge overall sentiment. Probably need to check all the others for a summary. Maybe they were due for a pullback? Many factors to consider.
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The captn attended a session at CJCarmichael last night and with his permission here are his comments:
"Peter batten is the typical geologist.... quiet mannered , conservative attitude;
this evening I was priveliged to attend his summary of events to date at brokers DJCarmichaels in Perth city on the 31 st floor ..!!
I was recognized immediately as the infamous Captjohn ...by all the carmichael traders ...remembering my nephew & son ; once involved in trading !!!
Peter B was carefully explaining the full on drilling .... & going on & on about the enormous amount of uranium we have I am absolutely convinced this is the strike of the century !!
Better still it can all happen in quick smart time ....lots quicker than Aussie peers !!
After that I questioned peter batten on the strike price of options @$6.50-7.50 etc.. the audience cheered as I suggested a sp of $20 -$30 in 3 years time !!
Anyway later on I ate all the 'horses doovers' & drank all the wine & wobbled down to earth to find somebody had backed into my Rolls Royce in the car park !!
I told PB I'd bring all this stuff up again at the AGM ...but he said he's in Namibia signing a Nam water MoU ....
Got the word on the TSX ann.. its 22, or 23 nov.
Also stated will be drilling resources for the next ...wait for it !!! 8 YEARS !!
Gentlemen & ladies , just keep buying bmn as much as you can afford !!....IMO...
cheers
cj "
"Peter batten is the typical geologist.... quiet mannered , conservative attitude;
this evening I was priveliged to attend his summary of events to date at brokers DJCarmichaels in Perth city on the 31 st floor ..!!
I was recognized immediately as the infamous Captjohn ...by all the carmichael traders ...remembering my nephew & son ; once involved in trading !!!
Peter B was carefully explaining the full on drilling .... & going on & on about the enormous amount of uranium we have I am absolutely convinced this is the strike of the century !!
Better still it can all happen in quick smart time ....lots quicker than Aussie peers !!
After that I questioned peter batten on the strike price of options @$6.50-7.50 etc.. the audience cheered as I suggested a sp of $20 -$30 in 3 years time !!
Anyway later on I ate all the 'horses doovers' & drank all the wine & wobbled down to earth to find somebody had backed into my Rolls Royce in the car park !!
I told PB I'd bring all this stuff up again at the AGM ...but he said he's in Namibia signing a Nam water MoU ....
Got the word on the TSX ann.. its 22, or 23 nov.
Also stated will be drilling resources for the next ...wait for it !!! 8 YEARS !!
Gentlemen & ladies , just keep buying bmn as much as you can afford !!....IMO...
cheers
cj "
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Ah the good old Cptn..he was a laugh
I couldn't make it over to Perth for a visit and to stop in at the AGM. Its just so bloody expensive to fly from Brisbane to Perth. (Cheaper to go to Fiji. I'd rather be there)
Thanks for posting "memoirs from a Cptn" Prophet!
Good to get some inside goss on the TSX listing date.
Goodluck Bmn holders
I couldn't make it over to Perth for a visit and to stop in at the AGM. Its just so bloody expensive to fly from Brisbane to Perth. (Cheaper to go to Fiji. I'd rather be there
)Thanks for posting "memoirs from a Cptn" Prophet!
Good to get some inside goss on the TSX listing date.
Goodluck Bmn holders