Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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the barry said:
Does anyone have any thoughts asto where the share price will go on this one?
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It really depends on the size of the Goanikontes deposit. It looks like it could be quite a large deposit considering the depth they were hitting uranium at for the first few holes. It coveres quite a substantial area also from the historic drilling and they believe it extends further. They also have the swakop river tenement and excellent grounds in Botswana under acap resources mokabaesi deposit..

Could go anywhere..............we arent alloud to put price valuations. I think it will be big though.
 
the barry said:
Does anyone have any thoughts asto where the share price will go on this one?
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Barry, anyone putting a figure on this is taking an absolute pluck. It has co confirmed resource therefore predicting a valuation is impossible.

It could be worth anything between $1.00 and $8.00 (or more) depending on what they eventually determine is in their ground.

The company is aiming to have anywhere between 50 and 200 mt with between 300 and 500ppm. It's a pretty wide range. If it's at the upper end of the scale, then it's a world class deposit.
 
I'm don't even care about Swakop or Botswana. Its the Goannikontes that will make or break the company. The strike zone is huge and they are only so far exploring about 5-10% of it so the potential is massive
 
LifeisShort said:
I'm don't even care about Swakop or Botswana. Its the Goannikontes that will make or break the company. The strike zone is huge and they are only so far exploring about 5-10% of it so the potential is massive
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Well neither do I much LIS but its just to give a view on how much of a company Bannerman can really become. All they need for a company maker is one world class desposit. I think they have that allready but we need more results first.
 
Nathan Bruce McMahon becomes a substantial holder. Is this the same Nathan as the MD of Cazaly Resources??
 
jj0007 said:
Nathan Bruce McMahon becomes a substantial holder. Is this the same Nathan as the MD of Cazaly Resources??
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good question.

In any case, whoever he is, looks like another huge buy up of shares. Lots of confidence in BMN. Gotta love good management! And ppl complain of the salaries top CEO's get sheesh! Good management is hard to find.
 
Same Post Office box as Cazaly Resources in Perth so it must be the same dude. Interesting that he's taking such a large stake.
 
Of course it is. Cazaly and Bannerman are closely related in people power. Anyway spending 20m + on BMN for a trust is a pretty big confidence boost. My trust has a $2 coin in it
 
Yeah thats another good boost in confidence there. Nothing much new from the report. Still waitinf for the results..I wait..patiently.
 
MattThomson said:
The quarterly is out, looks good :)
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Yea really good news not only now but for the future with plenty of drilling activity going on. Can expect a flurry of news this year.

Price went down but I attribute that to a generally horrible day on the markets with prices bein knocked back after yesterdays weak rise. Tomorrow should see prices being bumped back into value as its real cheap right now!
 
Just impatient holders nsitt. They wanted news on the pending results IMO for a quick profit. Probably in their minds they are thinking without news the sp will get smacked down. I think there will be many investors waiting to soak up the shares sold off. Wont fall too much..we know the results will be good and they are right around the corner. There is no point in selling this...not yet.
 
Did anyone notice a very important piece of information in the quarterly report???? The thing about modelling the data to give an interim resource to a median depth of 70m vertical to give an indication of the potential final resource at depths of 250m. This could be interesting......come on baby
 
I like their summary :)

"Results from the exploration programmes have so far met or exceeded all the Company’s expectations. In particular, Goanikontes is emerging as a significant component of the Company’s assets. The Welwitschia licence hosts a substantial strike extent of highly prospective alaskite stratigraphy. Assuming the Company’s initial target area of just 1.5km of strike, from a total of 37km of prospective strike within the Welwitschia licence, results in an interim resource then considerable scope remains for the rest of the licence."

Jee 37 km of prospective strike..this could be the next Rossing..they are even pushing hints of that themselves from the report.

"The drilling in GOA0012 has intersected mineralised alaskites at a downhole depth of 313.54m (36m @ 311 eppm U3O8), a vertical depth in excess of 290m, clearly indicating the depth potential. The Rossing pit is currently 300m deep with mineralisation continuing below the pit floor."
 
Chris1983 - do you have any idea (or punts) on when some new results will be available? I've been a longer term holder and am looking forward to seeing what the sp will do come the next set of results. As you've mentioned, these should be inline with historic results... even tho, it would be nice to them published. How long does it normally take to receive results from a lab?

chris1983 said:
I like their summary :)

"Results from the exploration programmes have so far met or exceeded all the Company’s expectations. In particular, Goanikontes is emerging as a significant component of the Company’s assets. The Welwitschia licence hosts a substantial strike extent of highly prospective alaskite stratigraphy. Assuming the Company’s initial target area of just 1.5km of strike, from a total of 37km of prospective strike within the Welwitschia licence, results in an interim resource then considerable scope remains for the rest of the licence."

Jee 37 km of prospective strike..this could be the next Rossing..they are even pushing hints of that themselves from the report.

"The drilling in GOA0012 has intersected mineralised alaskites at a downhole depth of 313.54m (36m @ 311 eppm U3O8), a vertical depth in excess of 290m, clearly indicating the depth potential. The Rossing pit is currently 300m deep with mineralisation continuing below the pit floor."
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Does anyone think now is a good time to buy in or do they think that there might be further pull back in the share price? Any thoughts would be appreciated.

Thanks
 
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