Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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I'm picking BMN for this months tipping competition.
It has broken out of a cup and handle pattern, with a reasonable target.
I also like the increase in volume over the past couple of months.
BMN.PNG
 
Feb Comp Pick

Double bottom and counter trend currently in play.

Will it continue throughout February ? probably not but gotta give it a go for the comp.

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bohn said:
Any thoughts on this stock? Anyone buying/holding?
Click to expand...
Yes, bought in today on technicals and the fact it's a Uranium play, the 2nd one in my portfolio.
(Other one is THR Thor which is gold and uranium)

Just look at the chart son.
3 month chart with today's bar forming. I note no price sensitive announcements for a month.

Screenshot_20201207-105654.png
 
Just announced.
Bannerman Resources Limited (ASX:BMN, OTCQB:BNNLF, NSX:BMN) (Bannerman or the Company) is pleased to advise that it has been included in the Index Composition for the Global X Uranium ETF
(NYSE:URA).

That should be good for the SP.

Not held at the moment, my Uranium play is AGE at the moment. (Alligator Energy )
It has been quite snappy of late, but having a little snooze and digesting today... ;)
 
While I am patiently waiting it out with Alligator Energy ( AGE ) , I note Bannerman did well today off the back of .... nothing?

From recent announcements, I see Tribeca has become a substantial holder.

You may have seen Jun Bei Lou on ABC's show "The Business"?
She is from Tribeca.
Announcement signed by a Ken Liu. A partner perhaps? Father?
Dunno.

Either way, definitely a vote of confidence. Not sure if Tribeca are more of a buy & hold mob, or whether they actively trade ?

A few uranium stocks up today, but this is the standout mover today.
EG; DYL +12.7%, BOE & PDN both +10.7%

A 3 month chart. Have been expecting more movement from Uranium stocks than what we have seen, thus my AGE holding.

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Bannerman Resources currently riding the uranium wave. The high volume move through 16c on 4 May was very bullish and BMN has continued to consolidate above that level on healthy volume since then.

It is looking like it might be getting ready for the next leg up.

big.chart-BMN.gif
 
greggles said:
Bannerman Resources currently riding the uranium wave. The high volume move through 16c on 4 May was very bullish and BMN has continued to consolidate above that level on healthy volume since then.

It is looking like it might be getting ready for the next leg up.
Click to expand...

I had three figures in this back in 2007. eeeeek. Sold on the dead cat in mid 2008. fewww. I thought they'd gone bankrupt or taken to court for misleading shareholders, or something. Anywho, I haven'y followed since been in hibernation for the past 10 years.

There's a new uranium wave? I thought the Greenies were closing nuclear off due to the Fukushima scare?
 
kennas said:
There's a new uranium wave? I thought the Greenies were closing nuclear off due to the Fukushima scare?
Click to expand...

Uranium is back in 2021: https://miningfeeds.com/2021/05/10/...-here-are-three-stocks-you-should-know-about/

It was inevitable that uranium would have its day in the sun again. Fossil fuels will go before nuclear energy. Renewables will increase the most IMO but the world needs more power than solar and hydro can currently produce. Nuclear will pick up as fossil fuels start to decline.
 
greggles said:
Uranium is back in 2021: https://miningfeeds.com/2021/05/10/...-here-are-three-stocks-you-should-know-about/

It was inevitable that uranium would have its day in the sun again. Fossil fuels will go before nuclear energy. Renewables will increase the most IMO but the world needs more power than solar and hydro can currently produce. Nuclear will pick up as fossil fuels start to decline.
Click to expand...

The World needs to listen to guys like Michael Shellenberger. Enviromentalist pushing nuclear.

 
He makes a really good point about the fate of all the solar panels that are discarded after they no longer generate enough power and the impact they will have on the environment. Do greenies actually think about this stuff? I'm sure solar will improve in time, and it's great for countries like Australia that have smaller populations and lots of sun, but try poweing London or New York City with solar. Not going to happen.
 
Hard to believe I had 6 figures in this back in 2007. Looks like it's changed around with some other U developers. Grades too low for this one though, I now think. That hasn't stopped punters buying recently.

Screen Shot 2021-07-02 at 2.03.17 pm.png
 
On July 29th, 2021, Bannerman Resources Limited changed its name to Bannerman Energy Limited.
 
Director Clive Jones, previous MD, just unloaded 5% ($21m) of the company. That's not just profit taking, that's a complete unload by the looks. Good sign of long term belief. ?
 
Cripes, that's not all, a few of the management team jumped ship the past week or so. I'd be concerned being a BMN holder.

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DFS out, 10 years after the initial DFS...

It took till page 14 of the presentation to get to the basic numbers.

17%IRR. NPV $209M (current MC $271m??). Assuming $65lb LOM when then current price is $48.35. ?

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Wow... very quiet in the forum when it comes to Bannerman Resources (BMN), which really surprises me due to the amount of attention that uranium has been receiving for quite some time over the past few months...

As discussed in a recent weekly video (link provided below), BMN's share price chart pattern displayed a potential 'key reversal bottom' on 15th March following some short term negative sentiment since the beginning of February. Trading thereafter has resulted in some short term relief in the share price with an increase in the share price from the close of 15th March ($2.99) all of the way up to $3.70 as at the close of trade on Thursday 28th March.

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This trade was detected as part of the scans for the ASX Traders United Facebook page for the week ending 15th March (posted on the Facebook page on 17th March), with further discussion provided below:

 
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