Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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:banghead: :banghead: :banghead:

You can't construct a mine without funding.
You can't get funding without a BFS.
You can't do BFS unless you have sufficient resources of JORC status.

The Chinese can demand all the want but it still takes time to dig the stuff out of the ground and process it.

3 years can go in the blink of an eye....unless you watch the market every second. I use to do that...it drove me nuts :eek:
 
mmmmining said:
BMN can learn from Bendigo Mining, cutting corners.

Mining first, and define the resource later. I am happen with that. Wouldn't you? I can bet money that Chinese will do what I said...
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I think you would find that BDG spent many years and 100's of mil, defining their reserve in their minds. The problem was they never really defined the resource, inferred>indicated>probable reserves.After many years it seems they just closed their eyes and had a ping at mining, many a large punter had the wool pulled over their eyes on the resource>more than likely even BDG's own management...I mean really :D



BMN's deposit does not pose the same problematic reserve definitions as BDG's. BMN's management seem to not be as mentally challenged either!.

Like comparing chalk and cheese really :D
 
mmmmining said:
BMN can learn from Bendigo Mining, cutting corners.

Mining first, and define the resource later. I am happen with that. Wouldn't you? I can bet money that Chinese will do what I said...
Click to expand...

Thanx jj007& others,

Hard to believe it takes sooooo long. Grrrrr.. Zzzzzzzz!!

I'm an ol' sea captain......not an engineer so just don't know what's involved ..

but as you say, they should(chinese or whoever wants the U3O8)..start trying to cut corners to get on with it !!

I reckon 6 of us should buy 3 front end loaders & 3 dump trucks & go Namibia for a working holiday.....any volunteers. Hmmmmm ?? haha....captjohn
 
we're all goners tomorrow

uk market down 100pts

bad timing for latest bmn break out

2.60s here we come..atleast gives others the chance to top up
 
captjohn said:
Thanx jj007& others,

Hard to believe it takes sooooo long. Grrrrr.. Zzzzzzzz!!

I'm an ol' sea captain......not an engineer so just don't know what's involved ..

but as you say, they should(chinese or whoever wants the U3O8)..start trying to cut corners to get on with it !!

I reckon 6 of us should buy 3 front end loaders & 3 dump trucks & go Namibia for a working holiday.....any volunteers. Hmmmmm ?? haha....captjohn
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*Puts hand up*
 
Halba said:
we're all goners tomorrow

uk market down 100pts

bad timing for latest bmn break out

2.60s here we come..atleast gives others the chance to top up
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$2.60 would move us back to ummm... this morning!!

I think if the market corrects BMN would go down a lot further than $2.60.
 
Halba said:
we're all goners tomorrow

uk market down 100pts

bad timing for latest bmn break out

2.60s here we come..atleast gives others the chance to top up
Click to expand...



HMmm,

Interesting to read that you think there is a correlation to UK movements with our U stocks. This will be interesting to see if it pans out as predicted?

Cheers

Champ
 
I don't think there is any correlation at all.

Not with these stocks anyway.
 
i sold some at 2.70 today will be more than
happy to get them back in 260's

when i was in oil stocks and oil was going well my
stock was going up on days when all ords down approx
2% so halba dont be so concerned about uk/dow/allords
going down -remember we hope to sell u3o8 which
went up 13.3% in last week and there is expected to
a shortage for at least 5 years

can everyone ignore my comments above and sell
their stock(so i can buy cheap)
 
No matter how much the market corrects uranium is still needed and hasn't taken a backward step in a long time. Thats why all my money is in energy stocks. they may pullback but the pullback wont last.
 
Well..if your a seller today..I think you will look back in 6 months time and say "darn I wish I never panicked"

Thats just my opinion.
 
Halba said:
i agree long term u is needed recession or not

pretty defensive IMHO
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This is not the first or last correction & we all have to accept it as part of the share's cycle of life......
just looked at BHP 's pre-opening price & it's at $27.50-ish.

At least BMN's had it's consolidation & all averages are close together.......
O.K. ladies & gentlemen ...just hang on for the ride(down this time)...
captjohn :eek:
 
Halba said:
looks like my ern top up yesterday was a terrible top up

o well
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Anyones topup yesterday will be terrible halba..Cant predict the future. Dont worry about it. Short term worries. It will all pick up again. This is all bargain buying atm.
 
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