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BMN - Bannerman Energy

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That is extremely interesting. I hope they fly because I have them :). They have some of the best uranium exploration tenements in the world.
 
This report from carmichael looks promising. It's available on the website. Basically it looks at BMNs uranium operations, which is fine now that BMN has ceased it's Nickel operations in WA. This highlights the importance and value the directors are putting on the uranium operations, a good sign. This 3-1 share split also could indicate this as I've read that sometimes companies do splits after a large rise in SP, though the evidence for for increased liquidity is not solid. Could this split have been done to encourage a takeover bid, such as those that are happening throughout the uranium sector now?

The progress report that was issued yesterday (available on the company website and on the ASX) also looked solid. Of course everything depends on the drill results but I think it'd be very unlucky for them not to find anything. There'll hopefully be some movement next month sometime, or the month after, when drilling commences. Has anyone got any idea about when we can start respecting drilling data to come available?

I hope that the $3 (pre-split) the report has a target comes about :)

http://www.bannermanresources.com.au/files/grabdoc.php?type=doc&id=48&cid=298
 
Thanks for that article. That was good to read. You watch mate. We will have everyone jumping on this share in 6 months time. Its a good thing we got in early. When drilling starts on the Elspe channel its going to be very exciting times. If we take into consideration that they are drilling an extension of Paladins tenements and they also have the Goanakites area to drill. This share could give us some nice gains. Fingers crossed
 
Some good movement today. In their previous messages they announced that drilling would commence in August. This will be good. I think we could see a rocket in the share price for this company. It is very possible Paladin would show interest. Paladin earlier this month released a message on Bannermans tenements. They are so close to one another it would be a prime option for them to take Bannerman over since their infrastructure is located so close to Bannermans Elspe channel. Paladins Langer Heinrich Channel extends into Bannermans Elspe channel. Plus Bannerman has the Goanikontes deposit. I'll keep hoping this is a big winner.

Very interesting to see how things progress over the next 6 months.
 
Volume and sp has been increasing over the past few days. I am expecting a message but who knows. Maybe there is no reason for the volume and sp increase. It has happened before so its anyones guess.
 
Looks like resistance of 1.25 could be broken today. I'm the only one interested in this stock I think haha
 
haha it didnt break it once again :) Its pulling back now with some profit takers coming in. Will look to the future once again for a message. I think its just a message that is to be expected. Like drilling to commence or something along those lines. Thats still would be nice to hear.
 
I'd class that as a breakout Chris. There was a bit of this happening today through. Perhaps the traders are all back from holiday. It's probably ctp back in!
 

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haha yeah maybe ctp got some. I think they are too busy watching jupiter mines :) Which is doing very well aswell. But back onto Bannerman. It appears they have broken the 1.25 barrier. I thought it was going to be another day of hitting their high and they would fall back after seeing them go back to 1.18. Im glad they kept going.

There must be some news coming out. They have been holding steady but there hasnt been this much turnover in a long time. If you look at their market depth there is hardly any sellers. Very interesting because if they do put out any decent news we could see some more large jumps in the sp. It will be good once the 3:1 change takes place. It will make them look more attractive at a lower price. Market cap is at 26 million + options. Thats nothing. This stock has a long way to go. Im going to ride on these all the way..thats how much I believe in their prospects.
 
Thanks for the charting too. It makes it very clear to see they have broken out. Anything could happen though..even if things are looking very positive. Lets sit and wait.
 
Where is Matt Thompson? he was harping on about BMN 3 months ago. I hope he held.

He was harping on about EVE as well from memory - I hope he sold!

I hold neither, and will watch BMN, I wont jump in yet.
 
Hmm not sure. I hope he held too. $1.50 now. I think the market cap with shares plus option would be coming up around 50 million dollars. Still a long way to go for this company.
 
Well, this has had a great few days.

Going into uncharted territory now. Literally.
 

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Heya :D you bet I held. I never bought any of EVE in the end and haven't looked at it for a while. Looks like one for the traders though, seems to be a fairly regular cycle from 10c to 12c. But back to BMN :) I'm just sittin back and watching what happens from here. Looking at the depths, I can't see the SP dropping considerably from here without bad news.
 
MattThomson said:
Heya :D you bet I held. I never bought any of EVE in the end and haven't looked at it for a while. Looks like one for the traders though, seems to be a fairly regular cycle from 10c to 12c. But back to BMN :) I'm just sittin back and watching what happens from here. Looking at the depths, I can't see the SP dropping considerably from here without bad news.
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Well it is $1.36 now Matt... :eek:
 
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