Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

Jump to new
BMN Uranium start up with big off shore deposit has been Running against the market today after having bounced hard due to .615c take over bid.
It's a Chinese bid so not to be trusted, but still, given it is still moving down presently at .42c. That's quite a premium.
It had fallen to 20.5c with the fallout from Japan after having run up to 90c. On pretty wild trading!
I've taken a little bite and will continue to nibble.
As other uranium stocks have started so show more stength having been smashed by Japan event.
Sounds like BMN board are trying to get a better offer from Chinese, yet in the absence of another bidder this highly conditional one could be it's only hope.
 
SOO glad I picked some of these up on Friday at 33c. They are currently trading at 38c!!! 15% increase over the weekend doesn't sound too bad to me.
 
FreshTrader said:
SOO glad I picked some of these up on Friday at 33c. They are currently trading at 38c!!! 15% increase over the weekend doesn't sound too bad to me.
Click to expand...

bet you are even happier now.

I'm pissed i was gunshy at 30c, Oh well, hindsight is 20/20 i guess..

I'd just be worried about the offer falling through and the price crashing.

I think i'd be cashing out nowish, but then again, easy for me to say that.
 
alexc2005 said:
bet you are even happier now.

I'm pissed i was gunshy at 30c, Oh well, hindsight is 20/20 i guess..

I'd just be worried about the offer falling through and the price crashing.

I think i'd be cashing out nowish, but then again, easy for me to say that.
Click to expand...

Unfortunately did, but far too early obviously. Jumped out at 37c before watching it ramp up to 42c!!! :banghead: Interesting to see what happens over the next few days with BMN. If they drop back down to around 33c over the next few days (highly doubt it) I will definitely buy more.
 
Chasero said:
Oops, do not know how to edit!

I mean it is approaching resistance @ 24c.

Strong bounce off these levels might be a short term buy?
Click to expand...

Looks like you were very right sir, rose 12% yesterday, currently up 10% more today. Hope you were courageous enough to buy loads! ;D
 
vas77d said:
can somebody with knowledge update me with this stock please.
Click to expand...

Management feels dodgy.

They reject a 61.5c t/o offer because its too conditional only to raise capital at 22.5c

Go figure.

Also cap raising shares alloted around this week. So lots of pressure at 22.5c
 
FreshTrader said:
Again, where did the 11% come from today?
Click to expand...

The few sellers are standing firm and dictating at the moment, but I wouldn't put too much store in it unless there is a follow-up with a bit of volume. 11% it may be, but it is only 0.8 of a cent on a piddly $13,000 odd turnover bringing the price back to where it was last Thurs.

Cheers
Country Lad
 
It's about now that the Chinese would come back to try to take it.
Interesting that there has been a bit of interest in it as with other uranium stocks recently.
 
followme said:
seems to be hanging onto recent gains better than most
Click to expand...

A month on and what you said followme is getting even truer...

140306 - BANs.gif​
 
Top