BMN - Bannerman Energy
- Thread starter chris1983
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Rafa said:
In my opinion it will keep going. You can see why the SP has risen. Previous drilling has allready confirmed uranium at Goanakontes and then in their last release they have extended the strike length of the goanikontes dome. If the uranium mineralisation continues it is possible a large deposit can be mapped out. Of course we have to wait for the drilling program to get underway to assess everything in a clearer viewpoint but it just gets better as time progresses for Bannerman.
Not only do they have the Goanikontes deposit but they have the Elspe channel to contend with aswell. Being an extension of the Langer Heinrich channel I am hopeful that they will find uranium there.
So in a perfect world they will have large deposits within the Elspe channel and at Goanakontes. Both of these uranium targets are adjacent to the Langer Heinrich and Rossing mines. The SP has risen considerably because investors are speculating that they are sitting on something very valuable. If the Elspe channel doesnt come back positive they still have their Goanikontes prospect so all will not be lost.
"The new targets identified lie along the contact of the Goanikontes Dome and within a structural unit not previously known about. The domal contact was a target for future exploration by the company, the north east trending structure was previously an unknown potential host for mineralisation. The geophysical results have in effect identified the next areas for exploration, extending the known Goanikontes Anomaly A 1.5 kilometres to the north and identifiednumerous new areas north of the Swakop River along the Anomaly A trend. Of significance is the anomaly identified on the eastern contact of the dome. This anomaly is of a higher tenor than the signature of the goanikontes Anomaly A. The southern end of the Goanikontes dome lies under cover and any potential mineralisation would be buried. Spot anomalies along this contact indicate mineralisation may be continuous around the dome nose under this cover. The eastern anomaly is located where the Alaskites are exposed in outcrop.
In all, the entire contact around the nose of the dome, over a total strike length of 14 kms, can now be considered to be highly prospective for primary uranium mineralisation. At the Swakop River licence, EPL3346, the processing has highlighted the Elspe surface uranium anomaly. The areal extent of the anomalism is far greater than what was previously thought and crosses the Swakop River. The geophysical data will be used to define a soil sampling programme which is to commence immediately. Drilling planned to commence this month will test the Elspe anomaly and the anomalism seen against the licence border with Paladin’s Langer Heinrich deposit.
Bannerman hit a low today of 86 cents. I dont know why. I cant see why anyone would sell these at that price when support has never been lacking. Good luck to those who jumped on today. The soil sampling has commenced allready as stated by their message and drilling is planned for next week. The wheels are in motion.
I really have faith in this one and have believed in it for quite some time. Its not a matter or finding uranium as they have proven it is there allready. Its now a matter of getting a JORC resource estimate.
If anyone can shed some negative light onto this stock do so. I just cant see anything wrong with it. They are in the best position possible.
I really have faith in this one and have believed in it for quite some time. Its not a matter or finding uranium as they have proven it is there allready. Its now a matter of getting a JORC resource estimate.
If anyone can shed some negative light onto this stock do so. I just cant see anything wrong with it. They are in the best position possible.
Below is the Fat prophets buy recommendation that was made on the 30th of August. I've been trying to find it and all this time it was on their site. Link is below for anyone who wants to have a read.
http://www.bannermanresources.com.au/docs/FatProphets30Aug2006.pdf
http://www.bannermanresources.com.au/docs/FatProphets30Aug2006.pdf
BMN has a lot going for it this week. Drilling start this week (possibly today), more drilling starts next week, the directors are in Namibia with some UK investors and Uranium spot prices have hit an all time high. I'm banking on a fantastic two weeks, as well as the rest of the year. $1 this week IMO.
Does anyone know the time frame for when drill results will be released? I've heard times ranging from 6 weeks after drilling commences to around 2 months. Looks like they will be very good as well
Does anyone know the time frame for when drill results will be released? I've heard times ranging from 6 weeks after drilling commences to around 2 months. Looks like they will be very good as well
Matt123 said:BMN has a lot going for it this week. Drilling start this week (possibly today), more drilling starts next week, the directors are in Namibia with some UK investors and Uranium spot prices have hit an all time high. I'm banking on a fantastic two weeks, as well as the rest of the year. $1 this week IMO.
Does anyone know the time frame for when drill results will be released? I've heard times ranging from 6 weeks after drilling commences to around 2 months. Looks like they will be very good as well
Hey Matt,
I think we will have to be holding for awhile before results are released. First step is drilling to start. Plus the results from the soil samples. I dont know the general time frame but maybe someone else will enlighten us. Extracts results took ages. This is going to be a great long term hold. Thats my opinion.
From where did you hear the directors were in Namibia?
Dropped 5 cents or 5.5% today. Interesting that people would sell off right before drilling is to start in a prime location. They have had a huge rise though so I guess its normal for a retrace in their SP. It will be interesting to see what happens after the soil sampling results are returned from the Elspe channel.
They should be breaking the dollar mark simply off speculation. They are too close to the Langer heinrich channel not to have more rises in their SP.
They should be breaking the dollar mark simply off speculation. They are too close to the Langer heinrich channel not to have more rises in their SP.
Hey Matt,
Yeah your right. I dont understand why uranium stocks are following the metal trend. Uranium prices are at all time highs and it doesnt look to be stopping. It's just people running scared from the market atm. There has been good support for Bannerman though. I can see it ending above 80 by the end of trade.
I feel for all those sellers. They will look back in 8 months time and say. Wow..I had them..but I sold them at 73 cents
Yeah your right. I dont understand why uranium stocks are following the metal trend. Uranium prices are at all time highs and it doesnt look to be stopping. It's just people running scared from the market atm. There has been good support for Bannerman though. I can see it ending above 80 by the end of trade.
I feel for all those sellers. They will look back in 8 months time and say. Wow..I had them..but I sold them at 73 cents
ALFguy
Trading gives me a headache
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Certainly is fighting against the market trend today - very impressive.
Thinking about jumping in soon.
Have some investor house friends who say this has huge potential.
Thinking about jumping in soon.
Have some investor house friends who say this has huge potential.
ALFguy said:
Hey Alfguy,
If you read up on them you will see they have huge potential. Had a strong day today. Finished at 86 cents. Has rebounded strongly after hitting 72.5. Interesting thing to note is that the asking price for the options is at 87 cents when the current price of the shares is at 86 cents. The exercise price is at 7 cents so the cheapest price you can get the options at for the time being is 94 cents. There isnt really many sellers. If people decide to jump in when drilling commences or the soil samples from the elpse channel are returned they will have to pay for them. Thats just my opinion. Probably lots of people dont like this stock. I guess im just a believer.
aobed said:Finished at 1.07 nice increase of ~24%
Yeah they are holding on. Check the options. The ask atm is 1.20. Not many sellers at all.
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Nice call and congrats to those holding this one.
Unfortunately I decided instead to jump on MTN during the panic earlier this week
Hopefully one day MTN will also get its day in the sun:
Unfortunately I decided instead to jump on MTN during the panic earlier this week
Hopefully one day MTN will also get its day in the sun
: