BMN - Bannerman Energy
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Sean K
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Yes, does depend a great deal on the price of uranium! And it's a little opaque really. The rise to $140 was obviously bubblish, but where really is long term price? The problem with uranium, like minerals such as phosphate, is that it is found in abundance in many places. It is not a rare element. Once there is sufficient demand, supply is there, it just takes a little time to get the logistics organised. The recent bubble is probably bad for longer term prices because a whole bunch of new explorers started searching for the stuff, and found it!! Everywhere!! EXT is a classic example. They are probably sitting on the worlds greatest supply that could feed the world for years. At the same time they get mining (if ever) Olympic Dam will be ramping up and Cigar Lake might be coming on line. Then Kazahkstan has so much uranium untapped it's scary. I think long term prices might be lower than expected. I'm out of all stocks though and not following things that closely really, so best to get a real opinion...So does anyone believe Bannerman is worth holding onto? I guess it comes down your thoughts of where the price of Uranium is going! I have been told to sell BMN by two different reports I subscribe to this week
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Someone grabs shares ...
See last Change of Directors Interest Notice:
154,000 shares have been acquired by Alexandra M Jubber and the Jubber Superannuation Fund
So maybe you should hold onto BMN. I guess they wouldn't buy if the prospects are not good.
Cheers
See last Change of Directors Interest Notice:
154,000 shares have been acquired by Alexandra M Jubber and the Jubber Superannuation Fund
So maybe you should hold onto BMN. I guess they wouldn't buy if the prospects are not good.
Cheers
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One of the biggest consumers is China (surprise surprise) and they are certainly conscious about trying to do their bit for the environment. One estimate is that they need 150 nuclear reactors to power their country: http://www.mineweb.com/mineweb/view/mineweb/en/page72103?oid=94349&sn=DetailSo does anyone believe Bannerman is worth holding onto? I guess it comes down your thoughts of where the price of Uranium is going! I have been told to sell BMN by two different reports I subscribe to this week
Another interesting read (including the comments posted): http://seekingalpha.com/article/178073-china-s-nuclear-power-shows-massive-investment-potential
Is there enough uranium available for the demand? Perhaps. Perhaps not.
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I hold but thats becasue Im a long term uranium bull...oh and that Im sitting on about a 60% loss with BMN right now.
Like the GFC, I'll ride it out.
Bannerman WILL develop a mine and I think its almost a certainty that it will either now get taken over, or a serious company will be taking a stake in Bannerman!
68.5c seems to be the magic number right now.
Lots of 50K orders going through so people are still dumping...but someone is buying them all too.
Not a good xmas present from the share market
Like the GFC, I'll ride it out.
Bannerman WILL develop a mine and I think its almost a certainty that it will either now get taken over, or a serious company will be taking a stake in Bannerman!
68.5c seems to be the magic number right now.
Lots of 50K orders going through so people are still dumping...but someone is buying them all too.
Not a good xmas present from the share market
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Sorry correction.
Just noticed the chart says "Bulling Engulfing" Thats incorrect. Unless it closes above yesterdays open of 68.5.
Either way they are both rather bullish.
Just noticed the chart says "Bulling Engulfing" Thats incorrect. Unless it closes above yesterdays open of 68.5.
Either way they are both rather bullish.
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Here come the big sellers.
Lets hope there are some big buyers waiting.
I find the selling of big amounts of shares like a game between 2 or more people.
Some dumps 100K on the sell side. Someone at a computer somewhere else goes.." Oh ok so you have 100K to get rid of. Well im not going to pay that. I'm going to wait for you to lower your sell price"..UNLESS some else is keen to buy and comes in over the top all the time.
Some think, nup its time to get out...someelse things...awesome craploads of shares and really cheap.
For the record, I reckon Dattals has dumped all this shares in BMN.
I have nothing to back that up though. Just a feeling that he has bailed after seeing the PFS.
Lets hope there are some big buyers waiting.
I find the selling of big amounts of shares like a game between 2 or more people.
Some dumps 100K on the sell side. Someone at a computer somewhere else goes.." Oh ok so you have 100K to get rid of. Well im not going to pay that. I'm going to wait for you to lower your sell price"..UNLESS some else is keen to buy and comes in over the top all the time.
Some think, nup its time to get out...someelse things...awesome craploads of shares and really cheap.
For the record, I reckon Dattals has dumped all this shares in BMN.
I have nothing to back that up though. Just a feeling that he has bailed after seeing the PFS.
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BANG there ya go.
150K gone. Picked it like a dirty nose! :>
Seriously this is oversold. Bannerman are worht more than this for a company this advanced.
DYOR
150K gone. Picked it like a dirty nose! :>
Seriously this is oversold. Bannerman are worht more than this for a company this advanced.
DYOR
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Posted here earlier today but seems I got nuked by the moderator, I had every intention of coming back to say why I felt we were in an oversold area however needed end of day chart to show. Anyway doesnt matter I guess, through the chart you will see why I feel this is about to turn.
This is a trade not an investment type opinion, eg I entered in at .71 in mornings trade, I have a stop loss in place and due to current direction of this stock would use it with out a second thought. Target needs to be set not too high as the selling could come back in quite easily. This is not advice and should not be treated as such. I have brought as IMO is oversold and right on the 62% retracement, (high probablility for support area).
My view
- On support 62% retracement
- Over reaction (sell down)
- Have a plan in place
- Stop loss and target set not too high leave some on the table for the next person
- Time: if doesnt rally soon I will exit as the market may punish the stock further for not moving
This is a trade not an investment type opinion, eg I entered in at .71 in mornings trade, I have a stop loss in place and due to current direction of this stock would use it with out a second thought. Target needs to be set not too high as the selling could come back in quite easily. This is not advice and should not be treated as such. I have brought as IMO is oversold and right on the 62% retracement, (high probablility for support area).
My view
- On support 62% retracement
- Over reaction (sell down)
- Have a plan in place
- Stop loss and target set not too high leave some on the table for the next person
- Time: if doesnt rally soon I will exit as the market may punish the stock further for not moving
Attachments
I may as well express my opinion here as well seeing as though I got suspended on HC. The opinion is that BMN is oversold, I don't think so. Their management were sent scurrying trying to explain their PFS stuff up and hence the exit in huge proportions. Mark my words ladies and gents this stock will languish in the low to mid 70's for a while yet.
I am just waiting around to see if there is a bounce soon and maybe recover some of the loss that we incurred. It just goes to show, never fall in love with a stock no matter what. I used to read all the stuff on HC and there are posters over there who put across a really good story, I hope they get burnt as well.
I'm still bitter but improving by the day with other quality stocks!
I am just waiting around to see if there is a bounce soon and maybe recover some of the loss that we incurred. It just goes to show, never fall in love with a stock no matter what. I used to read all the stuff on HC and there are posters over there who put across a really good story, I hope they get burnt as well.
I'm still bitter but improving by the day with other quality stocks!
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Seems to have broken above 80c leng so i guess you should be happy that you were wrong?
It was always oversold imo.
Once contracts are signed it will shore up an income stream for Bannerman. India or China I think will be happy to secure a future uranium supply for their up and comming reactors. Don't see why they would look past BMN really....there aren't many companies as close to production as Bannerman are.
I'm a bit disappointed with myself as I sold out of some BMN that I bought at 72c recently as I thought I was over exposed as it was, so bought some BRM instead.
BRM is doing ok right now, so guess I shouldn't be too hard on myself.
Now only holding a 49% loss on BMN...which isn't as bad as some of my other stocks
Live and learn.
It was always oversold imo.
Once contracts are signed it will shore up an income stream for Bannerman. India or China I think will be happy to secure a future uranium supply for their up and comming reactors. Don't see why they would look past BMN really....there aren't many companies as close to production as Bannerman are.
I'm a bit disappointed with myself as I sold out of some BMN that I bought at 72c recently as I thought I was over exposed as it was, so bought some BRM instead.
BRM is doing ok right now, so guess I shouldn't be too hard on myself.
Now only holding a 49% loss on BMN...which isn't as bad as some of my other stocks
Live and learn.
Hi GoNuke,
Yes, guess I was wrong and you can't get it right all the time. My wife lost heavily on BMN but the company shares made some but not enough to carry her loss.
I suppose I had just had enough of it and decided to sell out and move on. I bought 1m shares in PZC at 4 cents so have started to pick up again. I'm still a bit P****d off but no use carrying on about it, best to try and pick the time to do a day trade which was today and you guessed it I wasn't around to do it.
You really picked a good one with BRM, I think they will go well over $3. My friend told me about those when they were $2 and also AQR. Now that I'm cashed up it's time to look at a few quick trades but holding PZC and NKP atm.
Good luck with it all mate and great to be away from the HC.
Cheers
Leng
Yes, guess I was wrong and you can't get it right all the time. My wife lost heavily on BMN but the company shares made some but not enough to carry her loss.
I suppose I had just had enough of it and decided to sell out and move on. I bought 1m shares in PZC at 4 cents so have started to pick up again. I'm still a bit P****d off but no use carrying on about it, best to try and pick the time to do a day trade which was today and you guessed it I wasn't around to do it.
You really picked a good one with BRM, I think they will go well over $3. My friend told me about those when they were $2 and also AQR. Now that I'm cashed up it's time to look at a few quick trades but holding PZC and NKP atm.
Good luck with it all mate and great to be away from the HC.
Cheers
Leng
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The inside traders stock pick of the week
OUR FIRST PICK FOR 2010
Hi Everyone,
Firstly welcome back to our service. 2010 is shaping up to be a very good year. Analysts, economists and politicians all seem very upbeat about growth
forecasts. More importantly though, we will be working hard to improve our
services even more and deliver valuable tools and stock picks to help you take advantage of this.
Our first pick of the year is a Uranium company.
Energy is going to be one of our biggest concerns in the world going into
the future. Uranium, although it is unloved in Australia, is a growing form of energy with many reactors being built, or planned to be built in the coming decades. Bannerman plans to help fill the future Uranium demand/supply
gap with large resources in Namibia. For those of you betting on the Uranium
industry, Bannerman is definitely worth a look.
Buyer demand and smart money have been entering and a Director just bought $113K worth of shares just after a recent price fall.
OUR FIRST PICK FOR 2010
Hi Everyone,
Firstly welcome back to our service. 2010 is shaping up to be a very good year. Analysts, economists and politicians all seem very upbeat about growth
forecasts. More importantly though, we will be working hard to improve our
services even more and deliver valuable tools and stock picks to help you take advantage of this.
Our first pick of the year is a Uranium company.
Energy is going to be one of our biggest concerns in the world going into
the future. Uranium, although it is unloved in Australia, is a growing form of energy with many reactors being built, or planned to be built in the coming decades. Bannerman plans to help fill the future Uranium demand/supply
gap with large resources in Namibia. For those of you betting on the Uranium
industry, Bannerman is definitely worth a look.
Buyer demand and smart money have been entering and a Director just bought $113K worth of shares just after a recent price fall.
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wanlad
Thanks for posting
I am surprised you were not told by the Administrator to have breached the copyright act. Funny I was told for much lesser volume posting
Any way that is not the point. I also saw Insider Trader's recommendation or tip. But BMN price was hardly affected since they said to buy it.
If you have carefully read the feasibility report, few missing items are there :
Cost of Owner - a significant item was omitted
OPEX - was missing
Mine Development Cost - not shown
Mine Closure Cost - not sure if it applies in Africa.
The total feasibility cost is too good to be true as it has not shown any factor for inflation and likes.
Uranium price is a high risk factor
But hey, if the feasibility is within 25% and it delivers who cares ? I am holding.
Sean K
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BMN have suffered at the hands of previous management, rampant rampers, and the POU. The litigation debarcle would have put them off the map for many professional investors. Their time frame for delivery of Resources, PFS's and the like have continued and continued to be delayed. Most troubling of all for them is that there is a deposit about 3 x times size with 3 times the grades just sitting next door. Many many institutions would have diverted attention from BMN to EXT long ago and thus EXTs meteoric rise. For Capex, are the banks going to send their cash to EXT, or a BMN? The old rampers claiming the TSX listing would expose them to the 'smart' Canadian investors and the price would rocket were right on the ball, as usual.
In regard to oncoming nuclear power plants and the drastic need for more supply, I have my doubts on 2 fronts. 1. Will all these reactors really be built? And 2. How many uranium mines are supposed to come on line over the next few years to provide the supply? There is so much uranium laying about in the world that I think supply could very quickly keep pace with demand and long term prices may be held way back. The markets projection of $75 or whatever may be wrong. What if it's dropped back down to low $50s. Low grade, relatively high Opex developers/producers like BMN may never get off the ground.
Feel free to pick holes in my off the cuff thoughts.
Maybe the supply/demand equation thing does run massively in favour of higher prices and they keep rising to $100 ish. And what if all these proposed reactors do eventually come on line? That would be a significant boost to the prospect on BMN. It seems like taking a bet on a number of factors.
Good luck to those going to long term positive for U mining.
In regard to oncoming nuclear power plants and the drastic need for more supply, I have my doubts on 2 fronts. 1. Will all these reactors really be built? And 2. How many uranium mines are supposed to come on line over the next few years to provide the supply? There is so much uranium laying about in the world that I think supply could very quickly keep pace with demand and long term prices may be held way back. The markets projection of $75 or whatever may be wrong. What if it's dropped back down to low $50s. Low grade, relatively high Opex developers/producers like BMN may never get off the ground.
Feel free to pick holes in my off the cuff thoughts.
Maybe the supply/demand equation thing does run massively in favour of higher prices and they keep rising to $100 ish. And what if all these proposed reactors do eventually come on line? That would be a significant boost to the prospect on BMN. It seems like taking a bet on a number of factors.
Good luck to those going to long term positive for U mining.
What can I say other than to agree with ALL the comments you have made. There sure is a lot of if's and but's about BMN. My main concern would be 1. management and 2. the ability to raise cash and commence mining.
The management still leave a lot to be desired and you only have to look at the quality of the PFS to see that. Enough said! Then the cash needed to start production - GOOD LUCK because they will need every bit of it.
My prediction is that you will see them drift back to the low 50's again. Sorry Gonuke but YES I am happy because they cost me so much. I'm just lucky that I got out and ventured into quality stocks.
The management still leave a lot to be desired and you only have to look at the quality of the PFS to see that. Enough said! Then the cash needed to start production - GOOD LUCK because they will need every bit of it.
My prediction is that you will see them drift back to the low 50's again. Sorry Gonuke but YES I am happy because they cost me so much. I'm just lucky that I got out and ventured into quality stocks.
For those who take time to read BMN thread, told you so. Thankfully I don't hold now and can easily see this dog heading back to the 50's again. Amazing, but over on HC the famous Tibbs has vanished. My guess is that the rats have deserted the sinking ship
Sean K
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Yeah, noticed that a while ago leng. He'll be back when it goes back above $1.00 saying that he doubled up at the bottom. Again..lol I think Chris has bitten the dust too hasn't he. Only the Capt remains with the sinking ship.
I think there's a few holders still around here and I wish them the best. I standby what I said above but at the same time, on the build up (and before some of the disasters this company has endured), I thought that these guys would eventually have a mine, pending POU. IF POU does recover to above $75 long term, they they still might.
If U price recovers to above $75 then some might develop a mine, but this lot?
The management of BMN continually flounder and if U hit $100 they would still have issues. I'm still bitter with the loss incurred but am slowly recovering with good stocks like ROL.
The management of BMN continually flounder and if U hit $100 they would still have issues. I'm still bitter with the loss incurred but am slowly recovering with good stocks like ROL.