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BMN - Bannerman Energy

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Anyone Know what the SPP scale back is or heard anything. there is a market statement out and on their website but only really says parcels applied for over $7500.00 will be scaled back proportionately. why would they not disclose the allocation figures?
 
probably cause they r useless.
i eat my words re it not going under a buk too.
its time they ramped something or sell something to push up the sp. maybe sell a director or too to someone with a pig farm.
 
PHP: 
Anyone Know what the SPP scale back is or heard anything. there is a market statement out and on their website but only really says parcels applied for over $7500.00 will be scaled back proportionately. why would they not disclose the allocation figures?
asked for 15000 got 6940
 
anyone here sick of this mother going sideways? its better than down but u'd have to do a cabcharge job to go down in this market.
surely some of u punters have 'news' that resembles a ramp or vice versa....
re the spp, i should have put a few stock in my margin loan account as this ploy worked with mak.
 
shag, I lost complete interest when EXT started pulling up quadruple grade alaskyte hits. Quite incredible really. Maybe BMN will find the same stuff through exploration, but the market caps speak right now.

(At the moment, I think one is overvalued and one undervalued)
 
yes i was thinking a while back if there was one super uranium plot, there must be more and bmn's got more anomalies to pursue. id park my dosh elsewhere or trade it if wasnt for other reasons. i have some faith tho.
im thinking now these spp's r out of the way and ore prices set, maybe we can have another leg up in aus and asia.
 
shag said:
anyone here sick of this mother going sideways? its better than down but u'd have to do a cabcharge job to go down in this market.
surely some of u punters have 'news' that resembles a ramp or vice versa....
re the spp, i should have put a few stock in my margin loan account as this ploy worked with mak.
Click to expand...

LOL yes....just patiently waiting.. haha
can be frustrating but hey thats shares for u

any comments on its chart?
 
fat profits had a slight ramp this week. mainly said was open at depth and between the two anomalies.
didnt comment on the new major shareholder supprisingly.
it may get some steam up when the next resource update comes out before the end of july, or when the spp goes away fully.
the fundamentals have only become better since the last run it had.
200 million market cap vrs 1.2 billion for its neighbour.
 
Resource upgrade:

Perth, Australia - July 20, 2009 – Australian-based uranium mine development and exploration company, Bannerman Resources Limited (ASX: BMN, TSX: BAN, NSX: BMN) (“Bannerman”), continues to advance development of its Etango Uranium Project in Namibia, southern Africa, today announcing an updated mineral resource estimate.

Highlights include:
● 21% increase in Measured & Indicated Resources from 89.2Mlbs to 107.7Mlbs U3O8 at an average grade of 208ppm U3O8.
● 40% increase in Inferred Resources from 37.4Mlbs to 52.4Mlbs U3O8 at an average grade of 197ppm U3O8.
● 67% of the total resource estimate is in the Measured & Indicated categories.
● Two thirds of the total resource estimate is located within 200 metres of surface.
● Increased mineral resource for the Oshiveli deposit comprising Indicated Resources of 12.4Mlbs U3O8 and Inferred Resources of 8.3Mlbs U3O8. Inaugural mineral resource for the Onkelo deposit comprising Inferred Resources of 20.2Mlbs U3O8.
● Resource extension drilling continues at the Oshiveli and Onkelo deposits.


Good tonnage, but the grade is less than half EXT. Probably doesn't account for the disparity in market caps. I personally think EXT is overcooked, and this is underdone. Hard to tell where present value should be.
 
i like the idea that this prospective mine is shallow, clearly defined, open at depth, plus they have finally pulled some better grades.

its close to putting up the mine open signs too, rio just needs to drive a truck or two over, put a few sheds up, lay some cable and water and employ some local yocals or move some of their personel over. they need at least one mine to replace their grand old giant next to bmn.

also in the mix is it seems its other neighbour is close to being locked up, and taken off of the market. maybe then bmn can become top dog again in this part of nanimbia, esp. with major uranium scapler, steve datells interest in this one too. and each time he scalps one, he gets greedier, along with more backing.

(if its not obvious i'm holding this mother, then get some glasses)
 
another good day for bannerman, up 10pc. its next major stop is 2.10 on the charts to me, and its showing a nice uptrend in the last six months.
this is worth a read, shows how to place a minimum value on it.

http://imagesignal.comsec.com.au/asxdata/20090722/pdf/00970579.pdf

i think people are finally realising that having a nearly completed mine design, ready to go or be sold, is a real bonus to a company.
at 160million pounds plus of product, at nearly double the grade, that areva bought recently, shows how desirable this single deposit is.

then they can move onto the many other anomallies it has, and it seems there is a lot of uranium all over this part of namibia.
 
BMN extending the PFS due to some recent 'favorable' outcomes including increased resource.

Or, maybe becuase POU has tanked.

Wasn't a BFS supposed to be done by now?

Ah, yes:

ASX/ MEDIA RELEASE
21st May 2008
BANNERMAN RESOURCES COMMISSIONS GRD MINPROC FOR BANKABLE FEASIBILITY STUDY

Bannerman Resources Ltd (ASX: BMN, TSX: BAN, NSX: BMN) ("Bannerman" or the "Company"), an Australian-based uranium mine development company, is pleased to announce that a contract has been awarded to the engineering construction company GRD Minproc, a subsidiary of GRD Limited (ASX:GRD), to produce a Bankable Feasibility Study (BFS) for the development of a uranium mine at the Goanikontes’ Anomaly A project in Namibia

GRD Minproc is an international engineering contractor with offices on three continents and has successfully completed over 200 projects and 300 feasibility studies in over 30 countries. Its recent uranium experience includes the EPCM contract for the Langer Heinrich uranium mine in Namibia, the feasibility study for the Kayelekera uranium project in Malawi and the feasibility study on the akouma uranium project in the Central African Republic, together with several other feasibility studies on uranium projects in Africa and Australia.

Work on the BFS will commence immediately and is expected to continue through to the first quarter of 2009. The work will include management and design of the proposed mine, process plant and infrastructure and will provide the basis to progress Anomaly A from a resource to a producing mine.

:confused:
 
much better grades and nearer to the surface from etango but im with you kennas, stalling big time. wonder if they are waiting for a close fellow company to have a offer for them. with ext shining hard to see much hope for the near future.
 
Major report out today, 121 pages of technical "make my head spin" information, popped up 6% to 1.21. better than expected results seems to be the reason for it.

Lets see how it likes the ceilings
 
Feeling this is gonna run. It cant keep trading in this tiny space for much longer. Seems to be accumulation happening. Maybe next week we may see some movement. Potential to climb to 1.50 and probably will hit the ceiling.
 

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Here is another chart. Bought another 11000 shares at 1.25 today. This takes my purchase average to $1.185. fingers crossed things work out... This money will take me to Rio in style ;)
 

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Im with you, i picked up a few at 1.14, the chart looks right to me, i might try to buy some more on the open tomorrow. I like the way the chart looks, plus its down overall 200+% from its highs in december 2007 of $4. I think the ceilings to watch are 1.30 and 1.35. lest see how she goes.
 
Broke through nicely!!! :D Traded at a high of $1.430... Currently at $1.390. 105 buyers for 1,152,504 units and 32 sellers for 214,591 units . Looks like we will be hitting the $1.50 sooner rather than later :::::)))))
 
insider said:
Here is another chart. Bought another 11000 shares at 1.25 today. This takes my purchase average to $1.185. fingers crossed things work out... This money will take me to Rio in style ;)
Click to expand...

Well spotted Insider and Tukker- up at $1.39 at the moment. Rio's looking good! There's been no announcements as yet- is it just the renewed interest in commodities?
 
why has this price action taken place today?
12% jump on no news, strange.
Anybody got any clues?
Hope it keeps going tho.lol
 
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