Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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Looks like another pleasing day ahead. I hope your all still holding. This is still cheap if the resource is as big as they say it could be.
 
it is even tho im not holding,

edit: cos ive run out of cash and have decided to stick to my plan (wot plan u have a plan? no one told me), but i advised my father to get these at the $1.30 level and he didnt, feel like at least i made a good decision for once
 
I think its pretty obvious the drilling results are going to be good. I mean they atleast have 700ppm to report for one of their assay results at 350 meters depth. We know this because we allready have the spectrometer readings and they say that the assays are always slightly stronger than the spectrometer.

The guys selling now are just taking a punt that the results wont be fantastic and will hopefully be looking for a re-entry if they retrace. Im just going to hold strong. The deposit is there..this has allready been a beauty but its going to go higher as they map out the resource.
 
It's having an outstanding run. Parhaps in expectation of drilling results. However, the results will need to be perhaps better than expected for the run to continue when the results come out. If just in line, or lower, then it may come under a little pressure. Buy the rumour, sell the fact? I'm trying not to get too excited yet. Maybe when they actually prove up a resource and it looks like they might actually mine something. Of course, if I was short term trading this, I would be excited, and I would probably be thinking about taking profits.
 
Its a longterm hold. They havn't even started on their botswana tenements which lay directly beneath acap resources mokabaesi deposit. Their grounds are so good its not funny. :p
 
goodluck wilson. My bro inlaw grabbed some a week or two back when they hit a high of 2.43 only to see them retrace back to $2. I told him to hold firm because if you research hard enough this one still has a long way to go IMO.
 
Market cap is approaching 370 million fully diluted...

:eek:

I thought they were overdone at 1.50 yet the market continues to buy.

Good luck to holders.

:2twocents
 
Wilson! said:
Thats when stop loss plans come in, for better or worst i guess
Looks like is holding nicely
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I only do stoploss if I dont believe in the company. Nothing bad was reported to see the share drop down to $2. I think hard research and fundamentals is the way to go. What would be your stops on BMN atm? 2.50?
 
chris1983 said:
I only do stoploss if I dont believe in the company. Nothing bad was reported to see the share drop down to $2. I think hard research and fundamentals is the way to go. What would be your stops on BMN atm? 2.50?
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Exactly... especially for these 'spec' stocks.
like the last time BMN crashed after the announcement from 2.25 to 1.80ish...
i bought up some more!

Conversely, for shares like ZFX, and other large caps, its all about the price action and TA.
 
chris1983 said:
I only do stoploss if I dont believe in the company. Nothing bad was reported to see the share drop down to $2. I think hard research and fundamentals is the way to go. What would be your stops on BMN atm? 2.50?
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Totally agree. If you don't believe in the company, don't buy it.
 
Here I go away for a week to the bush with no civilisation to speak of and here i come back to see BMN to go from 2.10 to 2.81. I should do this more often. Unbelieveable run in a week. It looks like a carbon copy scenario of the first results where a big run preceded an announcement before a sell down by speculators and a recovery.
 
LifeisShort said:
Here I go away for a week to the bush with no civilisation to speak of and here i come back to see BMN to go from 2.10 to 2.81. I should do this more often. Unbelieveable run in a week. It looks like a carbon copy scenario of the first results where a big run preceded an announcement before a sell down by speculators and a recovery.
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haha I just came back from my holiday in Sydney LIS. I think we should both continue to take holidays.
 
kromey said:
Hi Chris1983 What are your thoughts on A-CAP since they are close to BMN?
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Ive wanted to buy acap for some time. I have large holdings in BMN and ERN. With me its all about having the funds..and all my money is tied up. Im not disappointed though because everything is performing. If ERN have a good run I'll sell half and push it into Acap resources or northwest resources.

Bannerman have great grounds in Botswana which I think a lot of investors are forgetting about...if you want exposure to Botswana acap look good..Bannerman have that exposure also though so I'm just going to hold my namibian based uranium explorers for now. I really believe Bannerman are going to be a great up coming uranium company...they are on the path to being great arent they :)
 
Thought this is some nice news to share for the BMN holders on this forum. Its from early January but no one has mentioned it.

"NAMIBIA-focused uranium explorer Bannerman Resources has taken out the title of Australia's best-performed resource stock of 2006, with a gain over the year of 2914.6%, just eclipsing the 2900% surge in controversial copper play CuDeco."

Quoted from http://www.miningnews.net/storyview.asp?storyid=70974&sectionsource=s10

It is also up another 33% since the start of 2007.
 
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