Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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jj0007 said:
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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I think that you mean undervalued? If it's expensive then the share price should drop and thats only good for long term shareholders if they want to top up their holdings. If Its undervalued now thats fantastic for short and long termers.

Best regards

Champ
 
mmmmining said:
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
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Could someone please explain why a price retreat is normal after a big ann.
Like Mr Spot would say "humans are emotional illogical beings"
 
UraniumLover said:
Could someone please explain why a price retreat is normal after a big ann.
Like Mr Spot would say "humans are emotional illogical beings"
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'Buy the rumour and sell the fact', UL. Unless expected anns are incredibly outstanding, the sp can come under pressure. Happens pretty regularly.
 
champ2003 said:
I think that you mean undervalued? If it's expensive then the share price should drop and thats only good for long term shareholders if they want to top up their holdings. If Its undervalued now thats fantastic for short and long termers.

Best regards

Champ
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Nope. I meant "overvalued". Whilst the market holds that perception it will make potential predators think twice regarding takeover. Don't worry about SP. For this perception to hold true means the price will remain relatively "high".
 
This is a message for the holders in BMN who have jumped in around 2.60-2.70. All I can say is assess the announcements..nothing negative thus far.. Its up to you to make your own decision but a sell off similar to the one happening just over a week ago and some investors were also drawn to sell off shares they didnt really want to sell for stop loss reasons. Trust me..there will be others waiting to soak up your shares.

All the best if you continue to hold. I'm a long termer and nothing interesting atm so back to bed for me. Grab those vital minutes before I have to go to work :(
 
chris1983 said:
This is a message for the holders in BMN who have jumped in around 2.60-2.70. All I can say is assess the announcements..nothing negative thus far.. Its up to you to make your own decision but a sell off similar to the one happening just over a week ago and some investors were also drawn to sell off shares they didnt really want to sell for stop loss reasons. Trust me..there will be others waiting to soak up your shares.

All the best if you continue to hold. I'm a long termer and nothing interesting atm so back to bed for me. Grab those vital minutes before I have to go to work :(
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I still have a 12- 18 month view on this stock. The reasons I hold and have this view is as follows:

1. The continuing rise in the spot price of uranium
2. A confirmed world class resource
3. An excellent drill program on a variaty of prospects. (am particullarily excited by the tennement next to A-cap)
4. Nathon Mcmahon - you dont make millions investing in stocks that go down
 
Agree that fundamentals look good for BMN but it may be the market had already factored in all the information contained in the latest report and was a bit disappointed in the release. Most of the announcement was assay confirmation of previously released spectrometer results, and the only new holes were GOA0013 and GOA0014 which are 200 metres further north of GOA0012 and 100 meters apart. So the new holes increase the line of strike but the intervals were not as good as some of the previous holes and with GOA 13 were at a greater depth. Hopefully as their report indicated results from further holes will be announced more regularly and soon with GOA0015, 16 and 17 already drilled.
 
Was just reading an interesting article stating that namibia has stopped issuing any uranium applications to companies prospecting for uraniumn over concerns of the end use of uranium mined. Does anyone think that this political uncertainty could have any negative short term impact on the stock???
 
nope. They of course have to be responsible and review their process. Namibia is heavily reliant on their mining activities. Nothing will change.
 
doesn't that apply to people applying for u licenses? BMN already has license


reefer lets just wait till further holes before interpretation
 
Halba said:
doesn't that apply to people applying for u licenses? BMN already has license


reefer lets just wait till further holes before interpretation
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Yes although renewing licences could be another issue......if you already possess licences it might not be renewed if the government decides so due to whatever reasons....of course they would have to come up with some sort of reason but you just never know with African countries (although Namibia is as stable as they come in Africa). I mean if you look at Bannerman history they were awarded numerous licences back in 2005 before the government stripped them of it because BMN were naughty (of course they repplied/appealed and got a couple of them back.......they had many more). I hope they are in full compliance with the Namibian law and are friends of theirs.
 
Namibia is not some socialist craps from South America. There is no reason to worry about any existing license. If you are credible explorer, spending money, want to mine, and pay taxes, you should be good. They are more like capitalist.
 
mmmmining said:
Namibia is not some socialist craps from South America. There is no reason to worry about any existing license. If you are credible explorer, spending money, want to mine, and pay taxes, you should be good. They are more like capitalist.
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I agree. There are no worries. Maybe this is why some of the sell off has happened? Who knows. You should be worried if you own uranium explorers in Australia. They are the ones being held back. The share prices are still rocketing though. Now thats a worry IMO.

Bannerman were granted their licenses on the 27/04/2006 and they have them untill the 26/04/2009. Mid 2009 is a long way away. No need to worry about the EPL's. They followed all the necessary environmental procedures and never stepped on anyones toes otherwise the liceses wouldnt have been granted. Things are looking great IMO. Some consolidation has occured..getting ready for the next leg up now.
 
in the words of a wise person on another forum

"it was low grade, the grade is marginal"

ppl don't know too much do they? :confused:
 
Nope Halba. Its very economical and at surface to very good depths. Open cut mine which isn't as expensive as other mines to get off the ground. Cheaper labor over there. Investors will see the potential. Wait untill they start expanding the resource..it's going to be interesting to see where the SP goes once they confirm an expansion of the resource from anomoly A which is surrounding the Goanikontes Dome. They are drilling heavily atm and I think are finally getting everything together sourcing more drillrigs etc so they will procede their drilling program a lot better this year.
 
yes chris i'm going to suggest to BMN to consider a separate listing on the TSX. The valuations, and knowledge of Canadians on uranium are much more superior IMHO. comments like this on BMN re: low grade enforce Australian's poor general knowledge of uranium mining and lack of appreciation of uranium.

Mirabela Nickel, based in Brazil, is listing in the TSX. Their market cap keeps increasing. But nothing beats a pure uranium play.
 
Todays 'West Australian' has a full page article about Paladins rise to success.

1 cent to $10 in 4 years.....great story about john borshoff..well written!

This I believe will pave the way for us BMN investors, to follow Paladin up, up & away into the 'blue sky'.

Later this year when drilling finally confirms just what the actual resource size is & average grade etc....& of course conforms to JORC requirements....

Chris 1983 is great at calculating out all the results ahead of time & estimating size & I, for one, hope he is right.

When size is finally confirmed BMN will get the publicity from the media & bring with it hoards of fresh investors.
In between time the SP should keep rising .....but maybe not as fast as the last 6 months.

We could have a corrections starting as I type this .... & if so, could spike SP down to support at around $2.20-ish!....as per RAFAS graphs last week.

Personally, I'm out of investment $$ so will just accept the correction as part of the cycle of the 'life of a share'.

Again who cares, fundamentals are all positive so it'll bounce up quick smart.....
captjohn
 
halba,

why are u so concerned with australias lack of uranium knowledge?
surley it is great that BMN are not shootin through the roof at the moment, given u believe them to be a good company and all, it is agreat opportunity to buy up!
im sure time will tell and all those pessimists will eat their words, in the meantime eat up as many as u can i say!

cheers
wookie
 
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