Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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There is no denying that some uranium explorers got hit over the last few days. Quality asset companies like EME, BMN, AGS........they are all back to quite reasonable levels IMO, where perhaps a buying opportunity has emerged. Uranium price has changed, so the fundamentals of these companies really hasn't changed overnight its a lot of profit taking and if something goes down quickly then it spooks others to sell their stakes etc etc
 
Not much happening atm..maybe buyers are a bit sad they didnt jump in yesterday. I dont think we will see that level again. On the charts there has been a consistant fall before the next rise and recovery to break previous highs. Heres hoping that trend continues. I think it will if we do get results next week or even tomorrow.
 
The more I see Paladin goes up..makes me wonder where this one will be in 2 years time. If there really is the amount of ore and uranium they say there could be at Goanikontes Bannerman will have a good future and share holders will be rewarded if you havnt allready been. Its comforting to see a company such as Paladin firing.
 
chris1983 said:
The more I see Paladin goes up..makes me wonder where this one will be in 2 years time. If there really is the amount of ore and uranium they say there could be at Goanikontes Bannerman will have a good future and share holders will be rewarded if you havnt allready been. Its comforting to see a company such as Paladin firing.
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location location location...why I got into BMN in the first place and it is being vindicated, couldn't be better placed between RIO and PDN's mines, extremely prospective in a pro-U mining environment. Holding long term, sold 1/3 on the way up the rest are keepers.
 
Broadside said:
location location location...why I got into BMN in the first place and it is being vindicated, couldn't be better placed between RIO and PDN's mines, extremely prospective in a pro-U mining environment. Holding long term, sold 1/3 on the way up the rest are keepers.
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You're not wrong there......I'd rather have a village among metropolises then a metropolis among villages.........just as BMN is among RIO and Paladin. I know scenario would be more fruitful
 
my prediction:

BMN will work hard on their jorc this yr and sell it off to a Cameco for about 3.50-4 dollars!


This type of resource is more fit to a major to develop not for a junior!!
 
Halba said:
my prediction:

BMN will work hard on their jorc this yr and sell it off to a Cameco for about 3.50-4 dollars!


This type of resource is more fit to a major to develop not for a junior!!
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I could live with that outcome though I think many would like to ride it a lot higher if things go well....as an aside is Cameco on the hunt for U speccies, I wonder if they hedged their Cigar Lake production and maybe now face a major shortfall which they need to fill somehow. If so they would need companies much closer to production.
 
YUP Cameco said in last nights report they are on the lookout 'for the next big one;'

Goanikontes is Namibia's largest uranium deposit along with Rossing!

If Cameco a major develops it, it could go into production as early as late 2009. If BMN develops it might take longer
 
Halba said:
my prediction:

BMN will work hard on their jorc this yr and sell it off to a Cameco for about 3.50-4 dollars!


This type of resource is more fit to a major to develop not for a junior!!
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$3.50-4 would be cutting us short Halba.
 
Bit of a stand off atm isn't it. Buyers dont wanna push any higher and sellers aren't budging. Results are due soon and could come out early next week which I think will be good. I wonder how badly those buyers at 2.51 want in. Still plenty of time left in the day though :)
 
I heard results not due out for a while.

The drill rigs are slow and the lab boys even slower (straight from the source: BMN).

They have been waiting over 3 months for their Swakop river results..apparently they say the south african labs are simply not up to the capabilities of handling high volumes.

They are also reluctant to give out spectrometer readings..prefer waiting for the labs..i wonder why??? Labs will take 3 months to give the results from the current program, too long!!
 
Did you call them?

Probably want the assays..they cant just continue to push out great spectrometer results without assays.
 
Stoked, took the opportunity to top up my holdings at 2.60 and 2.45. Now just need them to keep running. Just hit the 2.70 mark. I still think that in 12 months time anyone holding this stock will be very happy. You only have to look at paladin and the run it has had to realise the potential of a company with a world class reserve, which bannermans has.
 
Well after dropping to 2.22 they have recovered excellently and are looking good on the charts. All the problems with the cigar lake uranium mine must be helping the cause for your uranium explorers.
 
I still believe results are going to be out very shortly......like next week......good old bannerman forever.... (any collingwood fans? If so this is your stock as it fits in so nicely with your club song.)
 
LifeisShort said:
I still believe results are going to be out very shortly......like next week......good old bannerman forever.... (any collingwood fans? If so this is your stock as it fits in so nicely with your club song.)
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I'm an Eagle fan from Perth , a new member of ASF( yesterday),..........trading on & off for 10 years & been accumulating BMN since June 2006.
It's really great to read all your opinions over the past 9 months especially from chris 1983 ....I'm learning a lot from him. ....keep up the good work.
Like you guys I'm not selling my BMN ....it'll be a 'golden egg' ....like paladin....
I'll always regret about 4 years ago selling off 250,000 PDN when they hit ....20 cents :banghead: I got 'em for about 4 cents.sob sob.
Anyway from now on I'll be watching all your comments on bannerman as I have put 'all my eggs into one basket'
captjohn
 
Goodluck captjohn. I dont think you can lose with all your eggs in one basket with Bannerman. You are probably way in front allready looking at the time when you started accumulating. Just dont stick to that practice of all the eggs in the one basket for the rest of your future trading career. Its too dangerous. :) Seems to have paid off with Bannerman though. You can now cheer the stock on with the rest of the believers on ASF. :)
 
all you eggs is one is risky, but highly rewarding...
still, i'd consider diversification into a few others with 'proven' resources... AGS, SMM... all high quality stocks, MTN is another.
 
captjohn said:
.... Anyway from now on I'll be watching all your comments on bannerman as I have put 'all my eggs into one basket'
captjohn
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Warren Buffett "“Wide diversification is only required when investors do not understand what they are doing.” However, I do not know what I'm doing some of the time, and muddle through the rest of the time. I really lost it when my bmn stop hit Thursday which I had set to secure profits in case anything drastic happened. :mad: Of course on a sell down all the stops got hit so my bmn disappeared off the screen before I knew it. At least I took a profit, which is good but have now bought back in and more when the price dipped yesterday. Happy to see it back in the portfolio :) and this time, no stop! However, it is 3% of my smsf, I think unlike Buffett I have to diversify! It's in the smsf rules
 
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