BMN - Bannerman Energy
- Thread starter chris1983
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I agree! It seems every company in my portfolio or watchlist is trying to raise some cash at the moment! Very frustrating!
yes and pleasing to see the spp isnt postdated like the rediculous and vauge mak one. same size odly, 15k.
also to add to the mix, see polo is involved in this now via regent pacific.
the oversubscription at not too much of a discount spells positively too.
just need a bit of a play on it, its neighbour languished around a buk for ages till rio and co heated up the mix, and well before it took off it had good grades.
and this one is nearly ready for the diggas, dozers and plant.
also to add to the mix, see polo is involved in this now via regent pacific.
the oversubscription at not too much of a discount spells positively too.
just need a bit of a play on it, its neighbour languished around a buk for ages till rio and co heated up the mix, and well before it took off it had good grades.
and this one is nearly ready for the diggas, dozers and plant.
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Stephen Dattels who is the one behind the kalaharri/polo shareholdings in EXT just happens to be the major shareholder of Regent Pacific the guys just issued with $10 mill worth of shares.
A coincidence i think not????
A coincidence i think not????
Sean K
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Outstanding breakout here.
Looks way undervalued now compared to peers (EXT), but I am concerned that EXT has run too too hard and might be overvalued at this stage of the game.
Might be some switching occurring here.
Yet another recourse company that's made multibagger gains in just a few months.
Looks way undervalued now compared to peers (EXT), but I am concerned that EXT has run too too hard and might be overvalued at this stage of the game.
Might be some switching occurring here.
Yet another recourse company that's made multibagger gains in just a few months.
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Yeah for those that bought in at 25c Kennas..not me though
I too have believed that Bannerman is undervalued..just never really had the capital to average down far enough.
That and I didn't want to put all my eggs in one basket
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Yeah for those that bought in at 25c Kennas..not me though
I too have believed that Bannerman is undervalued..just never really had the capital to average down far enough.
That and I didn't want to put all my eggs in one basket
Never mind GN just make sure you find some capital to pick up shares in SPP........you'd be doing all right if prices stay here or continue higher.......nearly 50% gain for being faithful.
MB
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BMN - SPPlan
Would any one have an idea how much the SPP for BMN will dilute current holdings based on the share structure
Fully Diluted 182,210,934m shares ( including board options as at 29 april 2009)
and the maximum to be raised is $ 7.5m = 7.5m new shares @ $ 1.00 so would that equate to a reduction in share price of a few cents?
$1.00 for the new shares based on current price $ 1.33 is a 30% discount so trying to gauge price fall ex new shares ll being healthy on global financial markets
Would any one have an idea how much the SPP for BMN will dilute current holdings based on the share structure
Fully Diluted 182,210,934m shares ( including board options as at 29 april 2009)
and the maximum to be raised is $ 7.5m = 7.5m new shares @ $ 1.00 so would that equate to a reduction in share price of a few cents?
$1.00 for the new shares based on current price $ 1.33 is a 30% discount so trying to gauge price fall ex new shares ll being healthy on global financial markets
Sean K
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Re: BMN - SPPlan
SP may not necessarily fall due to the raising. Some people may book a stag profit, but some may see it as a positive sign (raising cash) and just stick with the company. Much may depend on market sentiment on the day too.
I am keen to get back into BMN. I unfortunately didn't take advantage of the multi bagger gains on offer as it swept up from 20 cents. What I am looking for is significant lines of support/resistance to base a entry on to go long. Let's face it. BMN has been a volatile stock (like everything else I guess).
Looking at Kennas's chart, I can't really see any at or around $1.25. I see possible support/resistance at $1 and maybe $1.10-$1.12. I'm curious. What do others think?
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Panikhide,
I have been watching BMN very closely for ages now and do hold a parcel.
Seems to have dropped down to fill the gap @ 1.22 today and we will have to wait & see if it continues to slide pre SPP. I would suggest there is strong support at 1.00 and bounced off 1.04 consistently for a while there too. Not so sure about 1.10 being that strong but Kennas is pretty good at this stuff........lets see what he says.
Good luck
MB
Sean K
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Theory is that old resistance becomes support, and the bottom of the gap should be support as well. Add that to the uptrend line, and that juncture should be the first decent level of support here, around $1.20 ish. There is around those other points mentioned, and the spp should be a strong psychological area of support too. It's all just probabilities of course. I thought $1.30 was a nice short term support level and it was forming up another pole and pennant, but that was pretty quickly dashed. Overall markets toppy in the short term all over the globe. They've run a bit hard. Been saying that for weeks though, lol.
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The way it's going, think we will soon be able to buy additional shares on market for $1 (or less). I'm holding off on taking up the offer.
it held solid at a buk last time so if it actually went below a buk i wouldnt be buying. not that i think it will get near the area. the volumes flowed too from memory. hopefully this is just pre spp nerves and smallies having to catch a bit a cash for such.
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Holding off here too now Absolutely........todays action was a bit of a worry......happy to wait it out for a bit longer as SPP is looking less attractive every day.
MB
MB
I have taken advantage of the SP offer and put in a bid for some shares (which don't forget not even guaranteed to receive).
I figure in lieu of price action both before and after the offer that $1 is a decent line in the sand that I am comfortable to own BMN shares.
I am bullish on Uranium and BMN in the long term so will be happy to hold from here.
Far too often I find that waiting for shares to reach my price "as they will be cheaper tomorrow" doesn't happen and I end up chasing prices headed north.
Selling pressure to remain on the Stock until mid July with both Insto and Retail investors with $1 shares but realistically with BMN volume around 1million shares a day 37.5million worth of shares can be turned over very rapidly. No doubt insto investors have been banking up to 40% profit since receipt of their holding on the 9th.
Don't forget the PFS completion this month and release "early next quarter" as well.
I figure in lieu of price action both before and after the offer that $1 is a decent line in the sand that I am comfortable to own BMN shares.
I am bullish on Uranium and BMN in the long term so will be happy to hold from here.
Far too often I find that waiting for shares to reach my price "as they will be cheaper tomorrow" doesn't happen and I end up chasing prices headed north.
Selling pressure to remain on the Stock until mid July with both Insto and Retail investors with $1 shares but realistically with BMN volume around 1million shares a day 37.5million worth of shares can be turned over very rapidly. No doubt insto investors have been banking up to 40% profit since receipt of their holding on the 9th.
Don't forget the PFS completion this month and release "early next quarter" as well.
now falling below $1, interesting to hear some thoughts on this stock now, has the SPP been completed? if so, this might explain the recent fall from 1.50
Not sure where this may end up, if the markets do correct, in the vicinity of 3300 for XAO which has been a figure thrown around then this could fall back to around 60c, this would be devestating to the investors who took up the SPP at $1 when the stock was around 1.35 at the time.
Not sure where this may end up, if the markets do correct, in the vicinity of 3300 for XAO which has been a figure thrown around then this could fall back to around 60c, this would be devestating to the investors who took up the SPP at $1 when the stock was around 1.35 at the time.
On a good note (i think) in todays announcement they said that $15.5M was received for the SPP and they only needed 7.5M..so everyone is getting some money back.
but guess it shows there was a lot of interest in the SPP
just have to see how the share price holds up and which way it will trend
but guess it shows there was a lot of interest in the SPP
just have to see how the share price holds up and which way it will trend
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Thankfully I didn't take up SPP offer after all........there must be a few bewildered investors out there that sent off a cheque nice & early when SP was around 1.40.
Watching with interest and will wait until Bot trades have ceased before topping up again. Obviously keeping an eye on USA as well
Good luck to holders.
MB
Watching with interest and will wait until Bot trades have ceased before topping up again. Obviously keeping an eye on USA as well
Good luck to holders.
MB