Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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LifeisShort said:
Look at other sectors....like alternative/green energy/carbon credits or the IT which seems to be making a comback. The best punter stays ahead of the game and invests into things before everyone else so when everyone else piles in and drives the price up he/she gets out and moves onto the next winner.

I have one uranium stock and thats BMN and I've held it for a very long time (long time to me is 12 months). I have energy, IT and others to spread my risk.

Good Luck
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Lis has made a good point here..to diversify..definately covers you if one of the sectors go bad on you. I havnt done what LIS has said though.

Im in all energy stocks..plus one nickel..with China and India booming metals such as zinc, nickel etc will be needed for some time. I'm onto AGM mainly because of their connections with Jin Chuan. If I had cash atm I would grab 10,000 FXR also. There is no way they are going to stay down IMO. The olympics is approaching..those countries are expanding and they need metal! The world is growing and energy is needed to power it. There is shortages all over the place. I have three uranium stocks and 1 gas. Thats the path I have taken. You can see how badly Uranium is needed atm..BHP have the largest uranium mine in the world yet they have to buy uranium off third parties to cover their contracts..uranium is going to get hotter and hotter..its clean energy.

AGM/BMN/ERN/WMT/AOE

Would love to own FXR, MEL
 
Halba said:
chris get onto my ALB or MBN(i might buy some MBN soon - dun hold)

those r the nickel co's
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Ahh mate don't mention MBN to me. I liked them at 70 cents 12 months back and was very close to buying them. I liked them for their small amount of shares on issue. Pretty much why I got into BMN 12 months back also. I'm glad I didn't pass up BMN. I was hunting for the shares with small amount of shares on issue and endless potential if there were any signs of good news. ERN is next :)
 
Yep i missed mbn also. Is it too late in ure opinion?

BMN still looks cheap mkt cap $300m, when u producers can be worth in the billions, most of the gas is still to come IMHO
 
thanks for everyones advice


chris- i notice you like ern
because of radiometric anomalies compared to rossing
ground but is it a fair comparison because doesnt that
survey depend on type of rocks underground and depth
u308 at.

ern seems high risk as their have been no historic
drill results

can confirm if i'm right or are their other good reasons
to buy this stock?


cheers
 
RIC said:
thanks for everyones advice


chris- i notice you like ern
because of radiometric anomalies compared to rossing
ground but is it a fair comparison because doesnt that
survey depend on type of rocks underground and depth
u308 at.

ern seems high risk as their have been no historic
drill results

can confirm if i'm right or are their other good reasons
to buy this stock?


cheers
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To Halba - MBN still look good. I just want to look for other explorers that havnt taken off yet thats all.

To RIC - ERN are definately more spec than Bannerman etc. If you want something more solid go for Bannerman. Great depths..great widths. I have said ERN are a spec play many a time. Just read the ERN thread and you will see all the reasons why I like them as a good bet in Namibia. Your definately right about ERN's radiometrics and how it wont be able to determine the depth of the resource. The company is so cheap though anything reported on the top will see a rise in the SP. The primary source rock on their erongo mountains licenses is granite rock..the same as Bannerman's Goanikontes ground. So you can only judge what may happen by what you know. There was also some previously drilling reported by ERN. Read into it. Anyway I gotta run. Have a good day fellas.
 
Over the past 6 months this is the third 4-5 week consolidation! for BMN ....which followed the big gains in share price.

On the W/E ...I closely studied the daily & weekly charts...

& as bollinger bands narrow & moving averages are closing tighter together .....in my opinion , this is the scenerio for big movements ,one way or the other.
Providing we dont have a correction by the general market ...I reckon the SP will start moving by weeks end!! ;)
Hopefully by then the company will soon announce interim drilling results coz we need something to justify jumping the price up in to the $3 to $4 range .(remember 8 months ago paladin's SP was about $4 & its mine was almost in production.!

As Chris said BMN has GREAT WIDTHS & DEPTHS "of (almost confirmed ) resources which is "easily" mined.

Everyday I watch MTN,EXT,ACB,ERN,NRU etc jumping 5,10,15 %....and then remind myself how solid BMN is by reading the companies latest drilling report on feb 15 th.
Anyway I'm in for the long term & if SP doubles by xmas I'll be very happy.
Another bannerman believer,

captjohn :) :) :)
 
captjohn

I don't think studying bollinger bands, MA's is going to help. BMN moves and only moves with their rare announcements.

Remember all it takes is 1 ann.
 
This whole consolidation period doesn't bother me. Its another boring time. We need news..thats about it. We know they are drilling Goanikontes and drilling it heavily atm. Thats good enough for me. This is one of the longer consolidation periods Bannerman has had. If it continues to trade around these levels I'm happy. As long as the next report continues to deliver good grades i'll be happy and I believe the grades and depths will continue. This will reflect in the SP.

Actually if you look at the chart you could pretty much say its due for a jump in the SP to hold the trendline. I wouldnt be surprised if they did release a message creating a reaction in the SP because they do have results not too far away.
 
captjohn said:
Over the past 6 months this is the third 4-5 week consolidation! for BMN ....which followed the big gains in share price.

On the W/E ...I closely studied the daily & weekly charts...

& as bollinger bands narrow & moving averages are closing tighter together .....in my opinion , this is the scenerio for big movements ,one way or the other.
Providing we dont have a correction by the general market ...I reckon the SP will start moving by weeks end!! ;)
Hopefully by then the company will soon announce interim drilling results coz we need something to justify jumping the price up in to the $3 to $4 range .(remember 8 months ago paladin's SP was about $4 & its mine was almost in production.!

As Chris said BMN has GREAT WIDTHS & DEPTHS "of (almost confirmed ) resources which is "easily" mined.

Everyday I watch MTN,EXT,ACB,ERN,NRU etc jumping 5,10,15 %....and then remind myself how solid BMN is by reading the companies latest drilling report on feb 15 th.
Anyway I'm in for the long term & if SP doubles by xmas I'll be very happy.
Another bannerman believer,

captjohn :) :) :)
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Also keep in mind that PDN was a 1 BILLION DOLLAR company over 1 yr prior to commencement of mining(Aug 2005) and the price of uranium was only about 45 dollars at the time. Putting this into perspective BMN has only just begun it's rise to fame and fortune IMO.

Cheers!

Champ
 
Dont forget the these small reactions are being made on pretty piss poor volume. For about a week now we have seen very low volume going through BMN. To me that indicates that there is very weak selling pressure.

To be 100% objective as well there has been very little buying interest in BMN either thus we are stuck in the doldrums. Like Chris said this stock is reliant on its announcements. Given another announcement buying pressure should start to pile on.

Don't start fretting about price without volume confirmations about price's general direction. Price is just a figure a transaction takes place at. Volume is much more important.
 
LifeisShort said:
Anyone client of DJ Carmichael? A new updated note on BMN has been released today......
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I,m not a client .......but sent them an email recently asking them to update/upgrade their original report which had a target of $3 for BMN's S.P.

I advised the latest company announcement (feb 15 )was very positive confirming the historical drillings& more depth etc etc.
.

Life is short..... will you please advise me where to locate the 'note' they printed.
thankyou captjohn
captjohn@bigpond.net.au
 
captjohn said:
I,m not a client .......but sent them an email recently asking them to update/upgrade their original report which had a target of $3 for BMN's S.P.

I advised the latest company announcement (feb 15 )was very positive confirming the historical drillings& more depth etc etc.
.

Life is short..... will you please advise me where to locate the 'note' they printed.
thankyou captjohn
captjohn@bigpond.net.au
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its only available to clients of DJ at the moment......so if you know anyone they can pass it onto you. Perhaps the Bannerman website will post it on there shortly
 
LifeisShort said:
its only available to clients of DJ at the moment......so if you know anyone they can pass it onto you. Perhaps the Bannerman website will post it on there shortly
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Thanx for that.....just rec'd email from djcarmichaels analyst to phone him tomorrow...so I may get a sneak preview. captjohn:cool:
 
the barry said:
Can anyone please inform me as to where bannerman's is drilling at the moment and what their current focus is?

Thanks
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Four drill rigs are being gathered to drill at Anomaly A. 100% focus is on the area of anomaly A so as to ascertain a picture of the depth and grade and expanse of the anomaly A and help them with the probable resource estimations
 
chris1983 said:
Big jump in the SP just then.
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Maybe related to PDN offer for SMM. All U explorers will probably benefit today with expectation of further consolidation...
 
chris1983 said:
Big jump in the SP just then.
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Yes, I'm live on powertrade & this is more like it....volume at ..200,000 in 30 minutes ......djcarmichaels update did the trick.....& later on the MACD will cross over to the upside...great time to buy
captjohn
 
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