Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

Jump to new
Hey just too make me feel a bit better....is anyone else holding a decent loss on Bannerman at the moment??:)

**Think long term Andrew...long term**
 
I think most people writing in the thread are holding at a reasonable loss.

Today ended more positive than it looked like doing at lunch time and it was good to see some support come in to lift it back to even. At least with something that trends as strongly as BMN does we might be able to recognise the bottom fairly quickly. I'm guessing the $1.30 today might be as low as we get here. Can only hope.
 
Well yeah I hold a small loss atm but i'm just hoping for a good profit! Anyone got a target SP for BMN?

And i do agree $1.30 was a support level and LETS ALL HOPE it holds!! haha
Same level was supported on 16th August so looks good for support and hopefully bounces around.

Nice Hammer formation too to maybe signal a reversal?
 
Go Nuke said:
Hey just too make me feel a bit better....is anyone else holding a decent loss on Bannerman at the moment??:)

**Think long term Andrew...long term**
Click to expand...

Hey Go Nuke,

I got in at $2.20 so I'm sitting on a decent loss here.
I see no point selling because as long as there is good change they'll get a mine going BMN is good value IMO ...... so:banghead: I persevere :)

Cheers,
Peteai
 
Go Nuke said:
Hey just too make me feel a bit better....is anyone else holding a decent loss on Bannerman at the moment??:)

**Think long term Andrew...long term**
Click to expand...

Decent loss - I think that's what buying at the top ($3.80!!) would qualify me for, DOH :banghead:

I too am holding out for future gains though - if a comparison is drawn with PDN which has a current MC of $3-4bn although not sure what reserves they have??, then BMN which are aiming to produce similar annual amount should run to $20-$30 by 2010. Probably a long bow to draw and it doesn't take into account capital raisings required to fund mine and plant development, but it is still a pretty solid expectation that BMNs market cap by 2010 will be considerably higher than it is now.

Worth hanging on to IMHO.
 
Finally some relief perhaps. Up over 20% from its $1.30 low yesterday on reasonable volume. Hopefully the next couple of days sees this support continue and we can jetpack out of these doldrums!
 
One thing I'd thought i just throw out there is that even tho it was a great day, does anyone else think this might be a bull trap.

See attached image. On the downtrend, there have been several times it looked like a reversal but it failed.

So its just something i think there should be caution taken.

Any one else have any opinions?

I hope it will reverse and hold up strongly since I do hold shares but hey thats share trading for you!!!
 

Attachments

  • bmn_ax30jul07_to_10may08.png
    bmn_ax30jul07_to_10may08.png
    37.7 KB · Views: 41
mu5hu said:
One thing I'd thought i just throw out there is that even tho it was a great day, does anyone else think this might be a bull trap.

See attached image. On the downtrend, there have been several times it looked like a reversal but it failed.

So its just something i think there should be caution taken.

Any one else have any opinions?
Click to expand...
Not necessarily bull trap, looks like a nice higher low and high and that rejection of the low dragonfly in retrospect may be the bottom. Yes, this has happend 3-4 times since the double top and capitulation with the markets and Opies etc, but with the change in general market financial sentiment, I ´m plucking a bottom. That ´ll come back to bite me. :eek:
 
kennas said:
Not necessarily bull trap, looks like a nice higher low and high and that rejection of the low dragonfly in retrospect may be the bottom. Yes, this has happend 3-4 times since the double top and capitulation with the markets and Opies etc, but with the change in general market financial sentiment, I ´m plucking a bottom. That ´ll come back to bite me. :eek:
Click to expand...

I'm going to hold off buying more just yet. It's been a very steep recovery over the last couple of days. Hopefully 1.30ish was the bottom, but $2 might be achieved only after a little rest first.
 
panikhide said:
I'm going to hold off buying more just yet. It's been a very steep recovery over the last couple of days. Hopefully 1.30ish was the bottom, but $2 might be achieved only after a little rest first.
Click to expand...
Breaking 1.75 looks to be very important to me, and strengthens my opinion of a potential bottom. Where`s the downward trend line go you reckon? May have also been 1.75. I'm not getting too excited yet, but feeling more comfortable in holding now. My last buy was at 1.80 on the downward march, so will be happy to see that recovered.
 
kennas said:
Breaking 1.75 looks to be very important to me, and strengthens my opinion of a potential bottom. Where`s the downward trend line go you reckon? May have also been 1.75. I'm not getting too excited yet, but feeling more comfortable in holding now. My last buy was at 1.80 on the downward march, so will be happy to see that recovered.
Click to expand...

I'm with mu5hu. I'm feeling pretty cautious and waiting for the sp to retrace - maybe to support at $1.55 - $1.60. I'm also waiting for the next calamity to come out of the US.
 
MM things are starting to look better but a tad cautious. Buyers are out weighing the sellers atm but it could turn around. Hopefully it gets support around the $1.70 mark *cross fingers* or higher and keeps moving!.

So it could be consolidating which could explain the small dojis for the last couple of days.

CMON BMN CMONNNNNNNNNNN!!!! haha
 
Ahh news out guys.. initial drill results from Oshiveli Prospect.

http://imagesignal.comsec.com.au/asxdata/20080508/pdf/00840345.pdf

Some great hits there including

7M @ 913 ppm

I guess it makes sence to drill the Oshi prospect first given its close proximity to AA. This just further strengthens BMN as the next big uranium player in my opinion!

And with alot more drilling and prospects to go:D
Still looking forward to Rossingburg and Ombunga being drilled:)

Do you guys think BMN was overvalued when it was $4?
Was just curious.
 
Hrm think its a bit weird with good news that there wasnt much commotion on the SP.
maybe ppl knew about it on the 2nd and 5th of may which would explain those 2 strong days? and the really lull few days.
low volume as well today. onli 200th on drilling results.

who knows...
 
Yep sittin on a loss here. I bought in around $3.5 I think it was :banghead:
Bought in both FMG and BMN at same time - so together they even out each other haha. Hoping BMN catches up in the longterm.
 
Yes, I`ve been waiting for the next calamity out of the US, but the market`s a strange beast at the moment. It's been a fantastic rebound on the ASX really. The market seems to think we`ve seen the worst perhaps?

At this stage it looks like the bottom is in, as mentioned above. It`s now making some nice higher highs and lows giving me more confidence.

Anyone got a roundabout date on when the next JORC is due? End of month?

I hope they`ve sorted out the chemical testing so they have a higher level of confidence in the JORC and don`t have to discount it again, but I am anticipating it.


PS, this is the best estimate I have on the JORC. From their web page.

The Company is moving the Goanikontes Uranium Project forward with the intention to bring it into production as early as feasible. In this regard, drilling is continuing with the aim to produce a final resource estimate prior to June 2008. After such time, the Company expects to commission a feasibility study in respect of the Goanikontes Uranium Project.
Click to expand...
Not long to wait.
 
kennas said:
Yes, I`ve been waiting for the next calamity out of the US, but the market`s a strange beast at the moment. It's been a fantastic rebound on the ASX really. The market seems to think we`ve seen the worst perhaps?

At this stage it looks like the bottom is in, as mentioned above. It`s now making some nice higher highs and lows giving me more confidence.

Anyone got a roundabout date on when the next JORC is due? End of month?

I hope they`ve sorted out the chemical testing so they have a higher level of confidence in the JORC and don`t have to discount it again, but I am anticipating it.


PS, this is the best estimate I have on the JORC. From their web page.

Not long to wait.
Click to expand...


Final Jorc won't be out till the end of june, maybe start of july. Anyway on the positive side bmn was up 22 percent on the tsx on friday night albiet on small turnover which is nearly over $2 bucks australian. My broker told me on friday that the U sector was coming back in favour with the insto's and he was buying pdn and era. Hopefully things are starting to look back to the positive.
 
the barry said:
Final Jorc won't be out till the end of june, maybe start of july.
Click to expand...
Barry is that from the company? Can`t understand why they wouldn`t update their website, or announce the change. Perhaps they have and I missed it?
 
PALADIN PDN up 9% today market cap 3,311 million
ENERGY ERA up 6.6% today market cap 4,082 million

BANNERMAN BMN up 7.7% today market cap 262 million

I might just wait. ie: Hold.
 
kennas said:
Barry is that from the company? Can`t understand why they wouldn`t update their website, or announce the change. Perhaps they have and I missed it?
Click to expand...

Hey mate, emailed petter batten a little while back and he stated it was to come out end of june, at latest start of july. Also said the bfs would be tendered out very shortly as anticipated. Whole U sector is coming back into favour at the moment, so a few positive strikes on the new drill targets and a sizeable resource at aa and we could be up and away again.
 
Top