BMN - Bannerman Energy

[Sean K]

Sure its been tending down, but not as much as many others. Anyone got a charting programme who can tell where that support line is exactly? Seems to be around 70c ish.

Don't need a charting program to tell you where support is Shatav1, just look for where previous highs and lows line up and draw a line through them. See the blue lines on my chart 4 posts back. You'll sometimes find one nice line, but you'll usually have a zone of support, as in this case, between the blue horizontal lines. By my last chart the diagonal support trend line has been broken, but it's still short term up until the horizontal line is broken.

 

[Shtav1]

Don't need a charting program to tell you where support is Shatav1, just look for where previous highs and lows line up and draw a line through them. See the blue lines on my chart 4 posts back. You'll sometimes find one nice line, but you'll usually have a zone of support, as in this case, between the blue horizontal lines. By my last chart the diagonal support trend line has been broken, but it's still short term up until the horizontal line is broken.

Cheers Kennas. As for charting I got an old metastock version but no data anymore. Only use brocking site and they dont have the draw line capability I dont think. Looks like BMN is going to test that support line real soon. Darn!!

 

[Go Nuke]

Small trades all day...is this being played or what!

I like it how a small late parcel came through after close to put the sp up 2.5c. to 62.5

What are peoples thoughts?
Someone trying to keep it down?
Bigger player slowly accumulating again?

Interesting times.

 

[shag]

anyone with ideas on why the resergence of bannerman. i noticed the depth changed last week around when it started to move.
pdn has moved too, i guess from peoples charts its got free air presently but still.
i guess its just people keen for more radiation.
we havn't had any news from them for a while either other than the savanna sideline issue.

 

[Sean K]

anyone with ideas on why the resergence of bannerman. i noticed the depth changed last week around when it started to move.
pdn has moved too, i guess from peoples charts its got free air presently but still.
i guess its just people keen for more radiation.
we havn't had any news from them for a while either other than the savanna sideline issue.

Recent resurgence because the directors and staff can't keep their mouths shut about a resource upgrade. They should have got a please explain yesterday at least. Then on the open, the directors girlfriends dump their shares, as you do. Nice tidy stag profit there.

 

[jonojpsg]

What do you think about the upgrade kennas? Pretty reasonable shift to indicated (90m lbs) with still 37m lbs inferred for a total of 127m lbs.

With the deposits north and south to continue adding to the total

Hopefully we might see some more upward movement when this spreads?

 

[Sean K]

What do you think about the upgrade kennas? Pretty reasonable shift to indicated (90m lbs) with still 37m lbs inferred for a total of 127m lbs.

With the deposits north and south to continue adding to the total

Hopefully we might see some more upward movement when this spreads?

Yeah it's good but although they're more advanced, I think punters are switching into EXT because of the grades.

 

[Go Nuke]

Yeah it's good but although they're more advanced, I think punters are switching into EXT because of the grades.

And perhaps a T/O from Rio. Especially with the Chinese sniffing around Rio.

We all know China are building more reactors so the question has to be asked..... Where do China currently source their Uranium from? Kazakhstan I suppose. And according to Wiki " Kazakhstan forecasts that it will become the world's leading exporter of uranium by the year 2010"

Spose thats their words though.

Anyway, perhaps the chinese might want to pick up some uranium that they can gain through Rio?

Food for thought.

ps agree directors couldn't keep their mouths shut. That was pretty bad

 

[shag]

well it seems someone pressured the regulators to get off of their arses.
bmn have a convenient excuse seemingly up their sleeve.
i'm still plenty sus about them being geniune. i watched it and it just didn't look right, esp the last day before the announement.
i guess if u r going to play the game/rort, you should have plenty of backup plans in the rare event the regulators actually take notice.
its a shame the push in ext hasnt moved over to bmn, i guess its like kennas said.
there is apparently a namibian/SA government commissioned report from the 70's which indicates the whole place is likely full of the stuff. maybe bmn's other anomalies will come into play one day.

 

[mitch87]

well what a great buy ext were just a few months ago, rio picking up more interest taking it to 15.5%, speculation surrounding ext that a move by rio to acquire all of ext has driven their sp to almost $4.....incredible, giving them a market capital of $870m....HUGE!!!!!!!

im not sure exactly what EXTs namibian mine is worth, but obviously rio highly value it, and if they are still buying when ext is this expensive amazes me, or are they still cheap? closely approaching 1 billion im not sure if they are cheap, however it turns my attention to BMN, although they havnt had as high grades, they are far more progressed with mine development studies and to my belief, have a larger resource base, correct me if im wrong, although i acknowledge ext have only focused on a small area of drilling, with so much more to do

so my point is, discounting EXTs value for potential funding aid and or takeover from rio and ext higher grades, adding back the fact that BMN are so much more closer to mining uranium than ext, with bmn MC at a mere $132M, are they undervalued??

 

[shag]

yes but the grades r so key
it seems ext has a diff geological makeup, tho im no geo. i was too pissed or hungover or bored to notice much in eng geo, plus on field trips would have a large proportion of pub visiting, about 50pc pub time as a ratio.

anyway, bmn's location is a wee way away, so maybe they have a similar body where the u has concentrated.
only a geo is going to know if thats on the cards with any sig probabillity.

see the chick who wrote bmns report todday is only just out of school, like 7yrs geo is squat. most is so dry n boring, but some is intuitive and gained experience. they may be a bit hard up.....

 

[Go Nuke]

WOW

A double top formed today but rather looking at it as a bit of a cup and handle maybe?
Ok, the cup isn't very deep for that but after 6 consecutive days up its bound for a rest, which will create the next part of the handle.
With all the heat in uranium and Namibia at the moment though, it could well break up through $1.04, with a price target of about $1.50.

Although $1.40 looks a bit more likely.

Agree Kennas??

 

[Sean K]

WOW

A double top formed today but rather looking at it as a bit of a cup and handle maybe?
Ok, the cup isn't very deep for that but after 6 consecutive days up its bound for a rest, which will create the next part of the handle.
With all the heat in uranium and Namibia at the moment though, it could well break up through $1.04, with a price target of about $1.50.

Although $1.40 looks a bit more likely.

Agree Kennas??

It's a bit of a deep cup, which is fine, but my chart is missing a handle. Pretty deep for a double top too, but that didn't stop it last time.

I'd have a guess and say that those that switched to EXTs mammoth run, may have switched back here for a while. Or, maybe they're playing both. EXT resourse does look better at the moment, (as you can tell by the current MC comparison) but who knows what either of them could find just around the next alaskyte.

 

[Moneybags]

I sold my trading parcel the other day @ .99 thinking it had run too hard.......waiting for a decent pullback.......but she's gone and rocketed over 1.04 today and closed at 1.085.

Still, the LT parcel has benefited from todays run and hopefully it will continue to 1.30 - 1.40 region where there was good support previously.

GN......you must be pleased with todays effort.

MB

 

[the barry]

As kenna's stated who knows what they will find on the next drill run.
They are meant to start their initial drill run on the targets next to the langer heinrich mine this month, which should stir up a bit of interest.Then you have the BFS study coming out in june. When you think that the share price largely came down over the opes prime fiasco and savana-gate, in terms of a risk/reward play i think this one looks pretty good. Short term resistance is now broken on the highest volune in many months and the next resistance point looks to be $1.40. Will be a very interesting days trading coming up that is for sure.

 

[Go Nuke]

I sold my trading parcel the other day @ .99 thinking it had run too hard.......waiting for a decent pullback.......but she's gone and rocketed over 1.04 today and closed at 1.085.

Still, the LT parcel has benefited from todays run and hopefully it will continue to 1.30 - 1.40 region where there was good support previously.

GN......you must be pleased with todays effort.

MB

yes and no MB.

Because I was an idiot and believed in this company years ago, Ive held all this time and my average price is now about $2.

So good to see it rise, but a LONG way off the money for me sadly.

I'm sure it will gt there, but its depressing to see others make so much out of it now, whilst Ive held long term and dont have the ability to benefit as much from the recent gains.

Oh well lessons learnt.
Cash is better during a market meltdown

 

[Absolutely]

yes and no MB.

Because I was an idiot and believed in this company years ago, Ive held all this time and my average price is now about $2.

So good to see it rise, but a LONG way off the money for me sadly.

I'm sure it will gt there, but its depressing to see others make so much out of it now, whilst Ive held long term and dont have the ability to benefit as much from the recent gains.

Oh well lessons learnt.
Cash is better during a market meltdown

Same boat as you GN. My average is $2.18. Not about to sell out now though, been with it so long.

Nice to that it has gone for a run. Seems to be stalling for today now though.

 

[Moneybags]

yes and no MB.

Because I was an idiot and believed in this company years ago, Ive held all this time and my average price is now about $2.

So good to see it rise, but a LONG way off the money for me sadly.

I'm sure it will gt there, but its depressing to see others make so much out of it now, whilst Ive held long term and dont have the ability to benefit as much from the recent gains.

Oh well lessons learnt.
Cash is better during a market meltdown

I hear ya GN........I've held this from much higher levels too.......but I sold out of a few dogs and have been using that cash to trade BMN.

With each successful trade I am able to buy back more shares and hopefully do the same again and again until I am square. Unfortunately she has run away on me and I would be a fool to chase it as I have before. I am waiting for things to settle once more. Patience is something else I have learned from the bear.

You are far from an idiot GN.......don't beat yourself up.

Commiserations to you too Absolutely.

MB

 

[shag]

the price rise coincides with rio's noise on ext and trying to gain some sort of control. bmn's staked area isnt far away from rios mine, so maybe if ext gets in the too hard basket, they might look further afield and keep ext on hold.
anyone know why rio got into bed with iran in rossing, was it all back in the days where iran was a proxy western state? even then it seems strange.

 

[shag]

had a strong ending today. i feared it may have collapsed, but its a good white candle by my guess.
any thoughts guys. hell i wish i knew a geo who was over there or knew mates there. like these potent grades(like ext) must show up on radiometric surveys or such and give u a clue if theres a possible real hot bed like extract, unless its got a lead layer over it...
i suspect we will be the last to learn if bmn has a similar geological anomaly.
i guess we can all learn from ext's announcement of hot levels, and a massive subsequent sp soon after. i was fooled by its years of floating on a dollar.
fat profits for all they r worth said to take half of ext off the shelf to fix profits last week at 5 bucks after hinting it was getting lofty well before this.
i guess they have to try to make themselves look good after such a dismal performance for some time.
iran being on yr register can't be good, god knows what rio is thinking. like one stuffup doesnt mean two stuffups are ok.