BMN - Bannerman Energy
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Sean K
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Sold!!! LOL.Halba said:
You are right though. As I said, by the BFS stage the really big gains on the U boat may have been missed for the average punter. We must all look at ourselves as punters to some extent with explorers of any type. Maybe educated punters...
its ok kennas. considering the potential EV $3/lb bmn is still good price here. Compare to uranium price it is $80/lb. Not to mention there is a lot of exploration potential.
Also its in namibia you must consider it is very cheap capital/operating cost and rapid to production in that country. it will take years in australia.
In australia you need to do go through govt approvals, native title, Public review process(6 months) & Environmental impact statement, Costlier construction/over engineering to minmise harm, landowner agreements, also potential opposition is there also.
Once it produces it will be just like Rossing or Paladin. If JORC end this yr, BFS next year, Construction end 2008, production is in 2009.
I am nearly up to my target of 100,000 BMN. its nearly 1/5 of my fund now.
Also its in namibia you must consider it is very cheap capital/operating cost and rapid to production in that country. it will take years in australia.
In australia you need to do go through govt approvals, native title, Public review process(6 months) & Environmental impact statement, Costlier construction/over engineering to minmise harm, landowner agreements, also potential opposition is there also.
Once it produces it will be just like Rossing or Paladin. If JORC end this yr, BFS next year, Construction end 2008, production is in 2009.
I am nearly up to my target of 100,000 BMN. its nearly 1/5 of my fund now.
Good on ya Chris 1983,
Im a new 'member' & can tell already you're a clever young man ,Chris... & that you can work out BMN's U3o8 values.
If your estimate is within ,say,10% of the JORC...then as a 'prize'...I'll shout you & partner out to restaurant of your choice, here in Perth.
You too Halba are included ,or anybody else for that matter... Halba is quick with statistics & estimates....
And Yes,....now depth extensions are very important in your calculations.....& Halba sums it all up ....
BMN is(more or less) another Rossing presently only at $3 a pound & once it's confirmed by the year's end......the second wave investors will be pushing it up.....$5, 6, 7, 8....who knows .....
Personally I'll be quite happy if SP doubles by Xmas... coz BHP or RIO won't !!
In between time I love reading all your opinions & comments....it's added a new dimension to investing in BMN....otherwise watching my watchlist can become boring !!
captjohn
Im a new 'member' & can tell already you're a clever young man ,Chris... & that you can work out BMN's U3o8 values.
If your estimate is within ,say,10% of the JORC...then as a 'prize'...I'll shout you & partner out to restaurant of your choice, here in Perth.
You too Halba are included ,or anybody else for that matter... Halba is quick with statistics & estimates....
And Yes,....now depth extensions are very important in your calculations.....& Halba sums it all up ....
BMN is(more or less) another Rossing presently only at $3 a pound & once it's confirmed by the year's end......the second wave investors will be pushing it up.....$5, 6, 7, 8....who knows .....
Personally I'll be quite happy if SP doubles by Xmas... coz BHP or RIO won't !!
In between time I love reading all your opinions & comments....it's added a new dimension to investing in BMN....otherwise watching my watchlist can become boring !!
captjohn
hahaha.
oo restaurant of my choice...that may get costly. If BMN continue to rocket and we are all still holding we should go have a few beers to celebrate. Looking at the watchlist is definately boring atm. No movement is happening. Thats the way it goes..just have to be patient untill we receive the rest of the results they are waiting on. It will be interesting to see if they hit anything within the elpse channel during the first phase of drilling. That would be huge if they did hit something in there. Paladin would be watching like a hawk.
oo restaurant of my choice...that may get costly. If BMN continue to rocket and we are all still holding we should go have a few beers to celebrate. Looking at the watchlist is definately boring atm. No movement is happening. Thats the way it goes..just have to be patient untill we receive the rest of the results they are waiting on. It will be interesting to see if they hit anything within the elpse channel during the first phase of drilling. That would be huge if they did hit something in there. Paladin would be watching like a hawk.
Halba said:
I have reached my target, only half the amount that you hold, but still a sizey holding. Was going to hold off buying more but the more research i do the more confident i am. Have a sizeable holding in gpn and its options and if they come off tomorrow as well as my seven options i will increase my holdings.
i got a few CFD trades running. i do some to relieve the boredom. not as profitable but, i hope to improve of course...
Just with blue chips, bit safer they are
Lets just hope BMN performs decently, dun want to be disappointed as these things are risky. Just as a clarification i said i held 100,000, soz that was $100k worth. i don't have that much money lol!
Just with blue chips, bit safer they are
Lets just hope BMN performs decently, dun want to be disappointed as these things are risky. Just as a clarification i said i held 100,000, soz that was $100k worth. i don't have that much money lol!
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Halba said:
LOL...Dont worry about the correction.....my eyes bugged out at seeing the 100,000 bit anyway
People sure sound confident of BNM here
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Hey can someone give me the pro's and con's with SMM and BNM.
Share price is similar (however the countries of U deposits are anything but)
appreiciate the feedback
Cheers
Andrew
:microwave
Share price is similar (however the countries of U deposits are anything but)
appreiciate the feedback
Cheers
Andrew
:microwave
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Go Nuke said:LOL...Dont worry about the correction.....my eyes bugged out at seeing the 100,000 bit anyway
People sure sound confident of BNM here
If only you bought those 100k worth at 6c year and a half ago. I've learnt one valuable lesson over the last 2 years. If you believe in something don't be afraid to punt big......
Seems to have paid off for some. Its good seeing BMN look quite solid, looking forward to more announcements.
andrew,Go Nuke said:Hey can someone give me the pro's and con's with SMM and BNM.
Share price is similar (however the countries of U deposits are anything but)
appreiciate the feedback
Cheers
Andrew
:microwave
Please go back & read Halbas post #623..... then if you're investing serious money into U stocks ..then buy a book called "Investing in the Great Uranium Bull Market"...from the editors of Stock Interview.
300 pages of top info.
Then & only then will you realise why all of us are 'believers in Bannerman ' which should/could be bigger than Paladin.
During the May/June correction I got out of 15 junior miners & then selected Bannerman as my long term hold...
So far it's been like a racehorse...... up
500% in 8 months.
Not a co-incidence but because investors are realizing BMN actually has uranium in the ground & a lot of it.......
Chris 1983 will soon work out just how much . as long as you promise to feed him..ha ha.!!
Summit has deposits as well .....but australia will slow down development as Halba has suggested & I reckon BMN will mine first.
Anyway beware of the 200 odd 'so called exlporation companies & some that are now changing their trading names to make sure the word"uranium" is mentioned somewhere....Most of them will never ever find any......just buy the book mate & let me know your comments.
good luck,
captjohn
Sure a fairly big punt but I feel a worst case scenario is that i have a uranium producer with a good size resource in a couple of years, that is able to mine. I doubt you can go wrong with that. The risks are only really just how long it takes, and with the scarcity of uranium co's around thats a fairly okay risk
I doubt i can lose much money in this at all. Time will be the major factor in sharemarket; sure short term timing may throw up a few issues.
Also the more time that passes, the more the uranium price will increase. Already on historical drilling theres about 20-40 million pounds.
By the way i hold SMM as well. This is because its expected EV/lb are low. But i only hold 15,000 shares. Again there is a real shortage of quality producers in Australia as well. Aussie fund managers prefer australia. Theres MTN- my thoughts are clear on that one, and theres AGS which is selling at a ridiculous EV/Lb of nearly paladins!
On a funny note i emailed Cameco a couple of nights ago re: Bannerman. If i was Cameco with my stuffed up lake i would seriously do a strategic alliance with BMN.
I doubt i can lose much money in this at all. Time will be the major factor in sharemarket; sure short term timing may throw up a few issues.
Also the more time that passes, the more the uranium price will increase. Already on historical drilling theres about 20-40 million pounds.
By the way i hold SMM as well. This is because its expected EV/lb are low. But i only hold 15,000 shares. Again there is a real shortage of quality producers in Australia as well. Aussie fund managers prefer australia. Theres MTN- my thoughts are clear on that one, and theres AGS which is selling at a ridiculous EV/Lb of nearly paladins!
On a funny note i emailed Cameco a couple of nights ago re: Bannerman. If i was Cameco with my stuffed up lake i would seriously do a strategic alliance with BMN.
A VERY BIG STATEMENT from Halba ..... "a worst case scenario is that i have a uranium producer with a good size resource in a couple of years, that is able to mine. I doubt you can go wrong with that. The risks are only really just how long it takes, and with the scarcity of uranium co's around thats a fairly okay risk"
Let there be another Chernobyl or another 3 Mile Island disaster ....
Let there be cross-border hostilities in Africa affecting Namibia ....
Then you will not use the word "risk" as lightly as you have.
Let there be another Chernobyl or another 3 Mile Island disaster ....
Let there be cross-border hostilities in Africa affecting Namibia ....
Then you will not use the word "risk" as lightly as you have.
So you are trying to tell me that another Chernobyl will not impact the uranium markets because "some factory hand forgot to turn off a valve"
Why do you think uranium was worth next to nothing in the 1980s/90s ...
The market will take all uranium producers to task. It is human frailty ... scapegoats must be found .... and only when the dust settles again will there once again be rational thinking.
Why do you think uranium was worth next to nothing in the 1980s/90s ...
The market will take all uranium producers to task. It is human frailty ... scapegoats must be found .... and only when the dust settles again will there once again be rational thinking.
I think you are missing the point Halba.
Let me tell you I have over 75% of my portfolio in uranium stocks; and I do value your analysis (as with all other contributors in this thread).
All I am trying to do is to highlight the important definition that you portray to the word "risk".
Let me tell you I have over 75% of my portfolio in uranium stocks; and I do value your analysis (as with all other contributors in this thread).
All I am trying to do is to highlight the important definition that you portray to the word "risk".
Bliimp
Read transcript interview jim puplave with david miller
president CCO Strathmore corp
http://www.financialsense.com/fsn/BP/2007/0210.html
Read transcript interview jim puplave with david miller
president CCO Strathmore corp
http://www.financialsense.com/fsn/BP/2007/0210.html
Hey Bliimp,
Talk about risk!!.......have a look at Metabolic (MBP)
this morning..
They've been testing a 'fat people pill' for 5 years & finally said it doesn't work... SP down 80% ..... (just lost $20 grand)
Yes Bliimp....leave ya $$$ in the bank ....but wait !! it might get robbed ...so bury a tin fulla $$$ in ya backyard.
Personally,I like the 'risk' thing ....I'd rather have 200,000 shares in BMN than a million in the bank.....it gives me a reason to turn my computers on early in the morning, to get excited when they rally or concerned when they dip & a little fuzzy when they consolidate (like now).
I am a retired 'sea captain'Aghhhh!!...with enough 'booty' to live on anyway..& coffins don't have any pockets !!
captjohn
Talk about risk!!.......have a look at Metabolic (MBP)
this morning..
They've been testing a 'fat people pill' for 5 years & finally said it doesn't work...
SP down 80% ..... (just lost $20 grand) Yes Bliimp....leave ya $$$ in the bank ....but wait !! it might get robbed ...so bury a tin fulla $$$ in ya backyard.
Personally,I like the 'risk' thing ....I'd rather have 200,000 shares in BMN than a million in the bank.....it gives me a reason to turn my computers on early in the morning, to get excited when they rally or concerned when they dip & a little fuzzy when they consolidate (like now).
I am a retired 'sea captain'Aghhhh!!...with enough 'booty' to live on anyway..& coffins don't have any pockets !!
captjohn