Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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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?
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Yes Halba, I am inclined to agree with you.......BMN has had a big run up ......& I reckon it's time to consolidate for a while yet....unless D.J.Carmichaels revalue the share price( presently at $3.)...which is quite high for an explorer as you said...
captjohn
 
captjohn said:
Yes Halba, I am inclined to agree with you.......BMN has had a big run up ......& I reckon it's time to consolidate for a while yet....unless D.J.Carmichaels revalue the share price( presently at $3.)...which is quite high for an explorer as you said...
captjohn
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I agree .. People have lost it .
If you look at Tolhurst Noall research paper on BMN website and look at the relative market premium and discount figure from IPRESS as at 28 Nov 2006 and update the graph it's one of the cheapest in the u sector . Even MTN , with it's recent great run seems more expensive. when you take into account location and directors mate buying huge amounts at 2.70 you would be silly to sell and not buy more as it's going up from a small correction. With drilling results just posted this is very bullish. i just bought more. Not sure why you would sell
 
chris1983 said:
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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I agree with chris too,.... but remember every mining exploration hopeful out there is trying to exaggerate their potential everyday on the ASX to suck in the 'bunnies' !

I remember a gold mine owner north of Kalgoorlie ... using a 12 guage shotgun with shells full of gold dust & shooting it into the walls of his mine .

The assay went thru the roof etc....he sold millions of his 10 cent shares for a dollar.Hahaha!!
So who wants to go to Namibia to see if BMN really have an office there??

Seriously tho'.....the media & analysts need to say in the press ....that BMN is the new PDN & probably bigger etc etc ......then a new bunch of fresh money will enter again....
captjohn
 
Hi, all BMN faithfuls,

Why be so agonized? If you firmly believe BMN worth a lot more, you should be happen with the drilling results. And laugh at people selling at current price, or buy more.

Who cares about up or down 10c, 20c, or even 30c. You know the current price is well below your ultimate target.

Unless you have your own little agenda, trading BMN. You want to get out at certain price target in near term. IMHO, very dangerous play for a stock with such a good trend... (not a chartist)

Cheers
 
yeah..mmmmmining..thats a good point. I am extremely happy with the results..of course seeing the sp in the green with those kind of results would be nice and expected..but you should expect the unexpected :) They won't stay down and should only look better as they continue to progress their operations.
 
The price retreat is normal after big ann. It happened before, two months ago? What happened afterwards?

Another reason people are getting nervous because S&P200 is approaching 6000
 
Halba said:
OK GUYs. i topped up this again!
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Halba, this sort of post is really not necessary. Not only is it completely unverifiable but it serves absolutely no purpose. Edit: Okay, I see you added something to your original post but more would be nice.

I feel there may be a little too much ramping going on in this thread. Please only add posts to stock threads when you have something new or particularly interesting to contribute to the discussion.

Thanks!
 
Hey Joe can you point out the ramping. Maybe Halba said he topped up..I didn't know that was ramping..but other than that no false messages have been posted and the Bannerman thread has stayed pretty quiet of late compared to other threads. Results are out...we just want to discuss them and also the price action to go with it.
 
chris1983 said:
Hey Joe can you point out the ramping. Maybe Halba said he topped up..I didn't know that was ramping..but other than that no false messages have been posted and the Bannerman thread has stayed pretty quiet of late compared to other threads. Results are out...we just want to discuss them and also the price action to go with it.
Click to expand...

Fair enough, it is a fine line between over exuberance and ramping. I've just noticed some fairly ambitious price targets being thrown around a few pages back ($10) and some posts like this:

bought more bannerman today

i am putting money where my mouth is
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I am thinking of allocating further $$ from my fund into bannerman. Its simply a stock where you simply will never have enough of.
Click to expand...

Just asking people to please keep it in perspective and try and maintain the high level of discussion. Not jumping on anyone. :)
 
That $10 thing is directed at me :) Dont worry. I wont post up assumptions etc anymore. I'll just do my own workings and keep it to myself. Oh yeah and LIS your PM box is full.
 
okay there is a widening valuation gap between BMN and SMM

SMM currently $750M mkt cap

BMN around $300M mkt cap


SMM- target is about 150m pounds in surrounds, risks in QLD.

BMN - historical target is around 50,000t or 110m pounds ish, with blue sky in surrounds. Also is in mining favourable country whereas SMM is not. BMN owns 80% of its deposits, whereas SMM owns only 50% of Valhalla and Skal.

is that better analysis.
 
captjohn said:
I remember a gold mine owner north of Kalgoorlie ... using a 12 guage shotgun with shells full of gold dust & shooting it into the walls of his mine .
Click to expand...

hey, i saw that one on one of those CSI shows...
haha


Anyway, why is everyone so excited about a small share price fall or rise... If you are really in for the long term, who really cares what happens today... Unless the annoucement was bad! :eek:

Are we all a bunch of amateurs... we all know prices fall when there is a good annoucement, big deal....

I tend to agree with Joe, a lot of recent posts haven't added any value.

I'm a long term holder, substantial quantity, but I am not gonna comment on this thread for every small movement in price... Otherwise, we are going to turn this thread into the type and quality of threads we see on the other stocks... pages and pages of nothing!
 
Halba, yes that is fine. Guys, maybe I over-reacted slightly, just didn't want to see this this thread become full of "topping up" and "accumulate now" posts. There is some quality analysis in this thread and I appreciate that, as I'm sure others do.

Anyway, please carry on.
 
If anyone does want to see the charts, so far BMN is respecting the steeper trendline that began in mid dec.

The long term support line would see support around $2.20
 

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Regarding the report, does anyone know the relative location of GARC006, 007 to GARC001? The map provided does not show that.

I guess the location is very important to us to figure it out how big the ore body is, and how further down is extended?
 
Hi mmming

Hole ID Collar Position
(m)
Downhole Depth (m) Interval
(m)
Uranium Grade
(U3O8)
North East From To Spectrometer Assay
eppm ppm
GARC001 7 488 700 482 280 89.28 95.93 6.65 215 Pending
“ “ 115.88 142.08 26.20 289 Pending
“ “ 165.43 191.93 26.50 340 Pending
GARC002 Hole blocked no spectrometer readings available yet. Pending
GARC003 Hole blocked no spectrometer readings available yet. Pending
GARC004 Hole blocked no spectrometer readings available yet. Pending
GARC005 Hole blocked no spectrometer readings available yet. Pending
GARC006 7 488 791 482405 8.45 16.35 7.90 520 Pending
“ “ 22.90 37.25 14.35 282 Pending
“ “ 72.45 80.30 7.85 558 Pending
“ “ 95.75 220.10 124.35 360 Pending
GARC007 7 488 785 482506 29.81 84.56 54.75 306 Pending

*************

GARC001 is 7 488 700 North, 482 280 east

006 is 7 488 791 North, 482405 EAST

007 7 488 785 N, 482506 EAST

006 is 120m or so further east. Also 91m difference North.

007 is another 100m east than 006

so overall over a few hundred metres we have good hits of uranium already

imho is a very large orebody, fair enuff the profit takers today

"The potential ore reserves have been
estimated to be several tens of millions of tones
with a low average ore grade (Mouillac et al.,
1986)."
 
The perception that BMN is expensive is fantastic for long term shareholders. So long as that perception exists, it should keep the predators away. :cautious:
 
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