Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

Jump to new
Go Nuke said:
Speaking of Savannah.....what the bloody hell is happening with that??:confused:

Why have we heard nothing. The last i heard they were late in lodging paperwork with the courts......and that was months ago!

Not very impressed with the information (or lack of) being given to us shareholders.:mad:
Click to expand...


Hi go nuke, I found this note on a web page a while ago... it's pretty scanty but seems a little more positive, who knows, hopefully the new boy will keep us a little more informed.

http://allafrica.com/stories/200809030678.html
 
Failed again at .50. For now. Need EOD price..

Made one higher low, so not necessarily downtrending any more, but not up until a higher high through 50.

:2twocents
 

Attachments

  • BMN.gif
    BMN.gif
    16.2 KB · Views: 8
Spot on kennas.
The volume is great to see but until imo it gets over 50c, then perhaps retraces and tests 50c....and holds....its still speculative:)

I thought the recent rally might have been based on the Forsyths takeover?
(At least thats what i read somewhere recently)
 
bollingerbob said:
Its well over 50c now :D

Start of a nice upward trend IMO.

(PS, I will remember to not pad posts next time. Sorry ASF)
Click to expand...
Yeah, looks like it's going OK, but I'm not getting too excited yet.

Next resistance 75 ish by the look.

General market sentiment has changed the past week or so and everything has gone for a little run.

Could just be bear market rally for a little bit (maybe 2 months) and then back in the poo.

If the Savanna thing wasn't sitting there as a Black Swan from HELL, I'd be much more comfortable sleeping at night.
 
kennas said:
Yeah, looks like it's going OK, but I'm not getting too excited yet.

Next resistance 75 ish by the look.

General market sentiment has changed the past week or so and everything has gone for a little run.

Could just be bear market rally for a little bit (maybe 2 months) and then back in the poo.

If the Savanna thing wasn't sitting there as a Black Swan from HELL, I'd be much more comfortable sleeping at night.
Click to expand...

You still in Kenna's??? I think we are about to begin our final down leg on the market. Will maybe pick up a parcel again provided savana is out of the way when the market looks like bottoming, which should be sometime in 2010. lol
 
the barry said:
You still in Kenna's???
Click to expand...
Sold out around $1.00 on the way down. Recently bought back in on break through 50, short term trade only. Market could go anywhere, yes, including implode. I'm guessing we're in a little recovery rally, with some jerks, before another major leg down, but it's a pure pluck. Maybe we saw a bottom. It's impossible to say how much of the future losses / negative returns are factored in. Overall, I'm not liking the economic decisions being made to stimulate the world economy, it all seems like bandaids to perhaps create a bigger disaster. :2twocents
 
kennas said:
Sold out around $1.00 on the way down. Recently bought back in on break through 50, short term trade only. Market could go anywhere, yes, including implode. I'm guessing we're in a little recovery rally, with some jerks, before another major leg down, but it's a pure pluck. Maybe we saw a bottom. It's impossible to say how much of the future losses / negative returns are factored in. Overall, I'm not liking the economic decisions being made to stimulate the world economy, it all seems like bandaids to perhaps create a bigger disaster. :2twocents
Click to expand...

Thats my sentiment, just have a few small shorts on for the moment. To me they are just sticking bandaids over a dam wall and at some point it will have to come down. If bmn can get savana out of the way will probably go into my bottom draw for a long term play. All depends though on where the market is at when it is concluded. You holding anything for the long term at the moment?
 
I believe the price of Uranium has gone up, that's the only reason the share price has gone up.
If you have a look at all the other Uranium Companies you'll see that there share price has also gone up.
 
Gee I was watching "Your Money, Your Call" this morning and just caught the end of the panel and Nina May discussing Bannerman.

She finished off by saying that the panel didn't know much about Bannerman Resources...yet one of the guys on the panel (of two) worked for Fat Prophets!!!! WTF is with that?

He has no idea of BMN??

Wish i had caught the full reply to the veiwers question about Bannerman.

As for BMN, its looking great at the moment.
Though bigger seller either looking to keep the price under 65c, or just an exit target (big holding though)

I'm still praying that a takeover bid isn't on the way!:(
 
Go Nuke said:
I'm still praying that a takeover bid isn't on the way!:(
Click to expand...


Me too GN, that would be very disapointing at current prices.

Was bound to retrace a little after current run up but needs to stay above 55 IMO.

Surprised to see you back in Kennas, I never revisit a stock once I've been burnt.......good luck to you this time 'round.

MB
 
Moneybags said:
Surprised to see you back in Kennas, I never revisit a stock once I've been burnt.......good luck to you this time 'round.
Click to expand...
I'm happy to buy anything or sell anything if it adds up to me. And thus, I bought back in at 52, and sold at 60. If 50 acts as support now, I might chip in for a short term trade again, but 75 ish looks difficult. Savanna Black Swan does not make this a long term buy and hold prospect, imo. When I see current directors running around WA in the middle of the night trying to steal land off RIO, I wonder what they got up to with this one.
 
Watching closely for another opportunity here. Between 70 and 80 looks tough after stalling a bit, now just going mindlessly about, but not down. Need 50 to hold for this base to have any real substance and a decent launching pad to materialise. :2twocents
 

Attachments

  • BMN.gif
    BMN.gif
    15.9 KB · Views: 5
capper sitting at .655c has been there for quite a few days.
buying around 60c IMO
Till he has got his fill we will stay at these levels ie 58c-61c ish
 
DAZT49 said:
capper sitting at .655c has been there for quite a few days.
buying around 60c IMO
Till he has got his fill we will stay at these levels ie 58c-61c ish
Click to expand...
Do cappers normally allow their orders to be taken out in a minute?

Perhaps it was just a big sell?

Maybe he sold it to himself? Or a mate on the next desk? Not sure if that's legal.

Whatever the case, went for a nice run, but halted at the lower end of the obvious resistance zone.

Will be interesting to see how it goes here.

Overall, nice recovery from 25c low.
 

Attachments

  • BMN.gif
    BMN.gif
    15.9 KB · Views: 3
Uh Oh.....could this be the take over bid comming??
The environment is ripe for it.

At least we could probably cancel Rio out of the bidding.

Areva? Paladin perhaps?

They wouldn't have to announce a trading halt just to tell us any substantail holdings.

Interesting times ahead. What are everyone elses thoughts on the TH:)
 
isnt bhp going to buy rios namibia stake?
make one hellova big mine and better control of uranium esp when olympic dam comes online.
ps i bought a few back in from near its lows and upwards.
any comments on aio kennas, like i bought in at 99c re a tip. some tip....
 
shag said:
isnt bhp going to buy rios namibia stake?
make one hellova big mine and better control of uranium esp when olympic dam comes online.
ps i bought a few back in from near its lows and upwards.
any comments on aio kennas, like i bought in at 99c re a tip. some tip....
Click to expand...

My tip is "please dont be a lousy takeover!!":shake:
Paid far more than any offer that will be put on the table.

I was like PB... once upon a time......I had a dream...a dream of a glowing massive pit in the Nambian desert named AA...:thankyou:

OR.....

It could be to say...Savannah is a load of crap and its all systems go.
THATS what Id prefer to hear:>
 
Top