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BMN - Bannerman Energy

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wow. this is quality news!

In the directors words;

"Potential ore grade intercepts have been received from all of the first three holes including;
54.75m @ 306 eppm, 26.5m @ 340 eppm and 26.2 m @ 289 eppm U3O8 highlighting the
enormous potential for the prospect."

Good to see that results will now start flowing through regularly as the lab in Jo'burg have their act together/.

Once again the classic BMN sell down before the storm/.
Sit tight - this is going to be fun :D

edit - I forgot about the biggest intersection of all >>> 124m @ 360 eppm U3O8. People selling obviously don't realise just how massive a confirmed intersection like this is.

Replication of these kinds of results over the next weeks will send the SP hurtling/. To where - is anybodys guess.
 
yeah definately a sell down with profit takers jumping in. I'm very happy with the results though. Makes me feel good knowing I can just leave them there. I should try to wipe it from my mind that I even own BMN so that I don't touch them for a good 3/4 years.
 
Well looking at the sp action its good they announced an extremely positive message otherwise they would of got spanked hard. BMN are different from other stocks..there isnt much talk on other forums. Aussiestockforums is the most active forum on this stock and we also post on some of the other forums. I think we must be the only share holders. :p
 
i have an order @ 2.70 plz fill me

my old man's gonna be happy i bought some for him a couple of days ago for his 59th birthday
 
I'm a member of FatProphets...gimme your email & I'll send a.s.a.p........

it's not a co-oincidence Mc Mahon buys in 7 % ....Fat Prophets review yesterday & this A.M. a company announcement......Hmmmmm.....

Anyway who cares.....but I still reckon SP wont go over $ 3 until Carmichael revalue the share....this is more or less just confirming historic drilling ......so be patient ladies & gentlemen......I sold heaps of CBH 10 minutes ago at 15 % loss to buy more BMN at 2.80..... in 3 months it'll be $3.50 plus for sure.

captjohn
 
Hi i bought more bmn just then

What a joke did anyone see the updated map on the last page. Thats some big strike! Also they are adding more rigs. This is about 5-10 times bigger resource than paladin.
 
chris1983 said:
Well looking at the sp action its good they announced an extremely positive message otherwise they would of got spanked hard. BMN are different from other stocks..there isnt much talk on other forums. Aussiestockforums is the most active forum on this stock and we also post on some of the other forums. I think we must be the only share holders. :p
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chris1983
I am very happy of the nice news, I have BMN at $2.68, I will hold sp up to $4.00, thanks. :)
 
Halba said:
share price is going down on this. who the heck is selling on these results?


125m hits cmon
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The brokers & day traders have been selling BMN 'short' for nearly 3 weeks...ie since the MACD crossed below it's signal......
Presently they are changing from 'short' to 'long' positions as the MACD crosses on the way up ....that's why volume is quite high...our little 'top ups' are just a drop in the bucket.

I just phoned D.J.Carmichaels (brokers & Analysts that did the original valuation) ..... & asked if they are looking at revaluing BMN higher than $3......I'll keep you all advised.

captjohn :)
 
captjohn said:
The brokers & day traders have been selling BMN 'short' for nearly 3 weeks...ie since the MACD crossed below it's signal......
Presently they are changing from 'short' to 'long' positions as the MACD crosses on the way up ....that's why volume is quite high...our little 'top ups' are just a drop in the bucket.

I just phoned D.J.Carmichaels (brokers & Analysts that did the original valuation) ..... & asked if they are looking at revaluing BMN higher than $3......I'll keep you all advised.

captjohn :)
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Who can you get shorts with on BMN???
 
Just bought my last batch of bannermans, am now very content just to sit back and watch this one. Am stoked i topped up twice on the correction last couple of weeks and will now sit back and enjoy the ride.
 
Can't believe still ppl wants to sell 80k @ 2.80 and below...
Don't know what they are thinking... these hits are huge!? aren't they...

When have you heard of this before? and not to mention BMN is situated in an extremely U friend environment...

Big players may very well be interested in taking over BMN now, with these confirmed drill results...
 
yep ppl continue to sell, it'll be lucky to end up in the green after those

absolute silliness! yet the mkt pays 20-25x multiples for the likes of LEI and WOR, MND!
 
angela200172 said:
chris1983
I am very happy of the nice news, I have BMN at $2.68, I will hold sp up to $4.00, thanks. :)
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Hey Angela I think you got a good price. Its ashame its dropping back but that will only be short lived. The results are great showing excellent potential for the future drilling.
 
chris, and all other bmn faithfuls:

From another forum
sankhara

"I think the feeling is that BMN is overpriced - 200 mill cap for an explorer - plus the run up has been long and hard so people are deciding to take profits - sell into strength."

do ppl have a clue?
 
Halba said:
chris, and all other bmn faithfuls:

From another forum
sankhara

"I think the feeling is that BMN is overpriced - 200 mill cap for an explorer - plus the run up has been long and hard so people are deciding to take profits - sell into strength."

do ppl have a clue?
Click to expand...


People fail to realise the potential size of this resource. Its shaping up to be pretty big. We just have to wait. I can't predict the future but I think future drilling results are going to remain good for quite some time.
 
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