BMN - Bannerman Energy
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Sean K
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LOLBroadside said:
I laughed mate.But I'm also thinking that if a bad day for BMN is up 1% it's getting toppy, Even with the likelihood of positive results comming out. I'm taking some profits across the board at the moment (as I'm going backpacking in Mexico for 3ish weeks) and I chipped some off this this morning. This means it'll go to $5 while I'm away!
kennas said:LOL
But I'm also thinking that if a bad day for BMN is up 1% it's getting toppy, Even with the likelihood of positive results comming out. I'm taking some profits across the board at the moment (as I'm going backpacking in Mexico for 3ish weeks) and I chipped some off this this morning. This means it'll go to $5 while I'm away!
So just because its up 5 cents its getting toppy? Kennas you didnt liked it when I said this could be the next Paladin but isnt it going that direction? Im just wondering how you feel about it now that we have results and the sp is doing the exact same thing Paladin did but with less shares on issue. Investors thinking its getting toppy..overpriced..etc etc etc might be in for a surprise a year down the track. Its just going to keep on going thats my opinion. I sold my others way too early but I'm glad I still hold a stack of them. We may get hit with retraces and pullbacks etc etc but the trend is still powering. Its actually holding that steeper trendline that started a month or so back.
Sean K
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Hi Chris, the comment about being toppy was just in general, not becasue it's gone up 1%. It's the concept that this is a bad day because it hasn't gone up 5% that makes me worried. As you have pointed out many other stocks have just kept runing, I'm just a little more conservative than the average U punter, which means I won't make as much - or lose as much perhaps.chris1983 said:
I'm holding some uranium shares that I think are actually overpriced. I just think the market is willing to do that at the moment, but soon, it won't. The true valuations of all these companys will be determined by the market soon, and I think it will be lower than at current prices, that's all. I might be wrong too....PDN worth half of Qantas? Hhhmmm. We'll see.
An interesting point I'll add here as it applies to all uranium explorers at the moment, is that is you apply PDNs market cap per lb of uranium to BHPs uranium inventory, then BHPs uranium is worth about $60b.....(source: Portfolio Partners quarterly review) Just puts it all in perspective to me.
Having said that, BMN might end up with more uranium that PDN or BHP for that matter....maybe.
GreatPig
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Always a dangerous movekennas said:
I did that a couple of weeks ago to reduce my exposure (sold about half), and of course some of the ones I sold have done nothing but skyrocket since I sold (AQP for example is up more than 20% since I sold)
GP
Kennas just dont sell too early. Investors have seen the 2000% increase last year and keep thinking its getting overpriced. Bannerman is in Namibia..has no restrictions and can sell the uranium to who ever they like. Compared to the amount of uranium they "believe" they have there this stock could be huge. $10 is not unlikely once everything is confirmed(drilled) if they prove what they believe they actually have. This is not a ramp..its just going by what all the research reports have told us on how much uranium they believe Bannerman could have in the ground as compared to the amount of shares they have on issue.
My BMNstory is in at $1.03 rode it all the way to $2.00 then bailed out when it slid to $1.84, Im back in at $2.06 and topped up again today at $2.87!!! now i have an average price of $2.36...read above..do your homework, BMN should have an ASX annoucement due very soon, just before id expect the trading houses to jump in..and watch it fly then.GreatPig said:Always a dangerous move
I did that a couple of weeks ago to reduce my exposure (sold about half), and of course some of the ones I sold have done nothing but skyrocket since I sold (AQP for example is up more than 20% since I sold)
GP
Only my opinion..let see how it reads in march!
chris1983 said:
True, I see this baby as another PDN in the making. It has huge potential in Namibia. Would be interested in trying to find another up and comming prospect and am looking carefully at ERN.
My portfolio atm is almost 50:50 Materials & Energy stocks
might need to diversify a bit but my gosh these stocks just are so much fun to watch!nsitt said:
Read the ERN thread. I have been topping up and have a good holding in them. If they get this fifth license they have something very similar to what Bannerman had at the earlier stages. If they get the fifth license they will also have a historical resource on one of their epls just as Bannerman has with the Goanikontes deposit.
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Its frightening how far this thing has run how quickly.......rumour has it that the spike last week was due in fact to Chinese buyers coming in.
Gotta love the chinese...
Kennas, i can understand your apprehension... i've read your other posts in wild horse, etc, etc. those shares to me are a risk, (including DYL)... and, at current prices, would consider offloading some...
this one, however, i am quitely confident....
Kennas, i can understand your apprehension... i've read your other posts in wild horse, etc, etc. those shares to me are a risk, (including DYL)... and, at current prices, would consider offloading some...
this one, however, i am quitely confident....
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Even if there is a uranium bust like the dotcom.....the good companies will survive like Paladin, Rio, BHP, Bannerman....they might drop but eventually recover IMO.
Just on the point earlier regarding Bannerman getting the gong for stock of the year in 2006 by virtue of rising some 2000%. Cast your minds back 3 years earlier and it was Paladin that won the same award....and what happened to them....at last check 3.5b market cap and still going. Yes circumstances might be different this time around but we have all heard the uranium story and its future.
Just on the point earlier regarding Bannerman getting the gong for stock of the year in 2006 by virtue of rising some 2000%. Cast your minds back 3 years earlier and it was Paladin that won the same award....and what happened to them....at last check 3.5b market cap and still going. Yes circumstances might be different this time around but we have all heard the uranium story and its future.
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LifeisShort said:
Just to clarify the rumour.....i cannot pinpoint it but i have heard it from my broker DJ's today. It sounds like pure speculation IMO. It most likely be a price spike due to imminent results.
2.75 this morning. How many of the buyers in the high 2.80's-2.90 levels are going to freak and sell out. The results are most likely to be positive and allready factored into the price just like last time. Its hard to predict which way its going to go after what happened from the last message..great message yet it retraced.
Sean K
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I agree Chris, unless of course the results are more spectacular than expected. I think the market's expecting very good results. If it's sold off too much (overreaction is bound to happen) then it would probably be a buying opportunity, depending of course on the figures. Wish I wasn't going to Mexico on Thursday so I could be part of this...chris1983 said:
Oh well, Mexico might be fun anyway. kennas said:I agree Chris, unless of course the results are more spectacular than expected. I think the market's expecting very good results. If it's sold off too much (overreaction is bound to happen) then it would probably be a buying opportunity, depending of course on the figures. Wish I wasn't going to Mexico on Thursday so I could be part of this...
wow mexico..you did allright on the stock market last year then didnt you Kennas
haha. You trade fulltime right? Have a good holiday anyway.A few buyers have come back in and pushed it up a bit. 2.84..but yeah it could go either way after the results. I think its silly if they fell back especially if the depths on their upcoming results are at excellent depths like last time..but hey some guys are in for a profit..get in..get out and theres nothing wrong with that. A profits a profit.
nothing wrong in profit taking, i am certainly not one of them, but if others choose to, thats fine...
after the last announcement the sp crashed from 2.20 to 1.80... i bought some more...
After this one, it could fall back to 2.50....
whilst i think i have enough of this stock at the moment, it would be a great buying opp, in my opinion (depending on the actual annoucement off course)
after the last announcement the sp crashed from 2.20 to 1.80... i bought some more...
After this one, it could fall back to 2.50....
whilst i think i have enough of this stock at the moment, it would be a great buying opp, in my opinion (depending on the actual annoucement off course)