Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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No worries..not many people following this one so I just write how its going..

There was a fat prophets article just recently released. One of the members on another forum did a quick summary of what they spoke about in the report.


"Fat Mining 99 - Fat Prophets Mining/Resource:


"# Limited downside sp risk.

#FP have only recommended 2 other U stocks; Marathon and Valhalla, both of which have now been subject of takeover activity.

#BMN has now commenced fieldwork on all its African exploration tenements.

# BMN Welwitschia project hosts large scale targets of outstanding potential Ongoing drilling work to provide enormous excitement.

#Botswana tenements seen as a real sleeper with the market yet to realise the value of the tenements.

#Results show the Elspe anomaly to be much larger than previously thought as well as showing extension into area north of Swakop River.

#BMN defined as having solid exploration/resource assets with erealistic possibility of achieving production status in medium term.

Whole article is very positive. Very worthwhile being a subscriber to FP. Look forward to the results!! "

Though it may be of interest to the holders.

Regards

Chris
 
chris1983 said:
No one wants to sell.

The ask for BMNO is 1.795

BMN trading at 1.61
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wen do oppies expire and at what price?
they are actually trading at a premium to the heads, whats that about??
 
The oppies are only priced at 1.42 atm

the bid is 150.5 and the ask is 1.795

There are just no sellers left..someone will probably jump in and sell soon..but it just shows how tightly they are being held.

BMN is 1.65 now..definately must be something going on.
 
chris1983 said:
The oppies are only priced at 1.42 atm

the bid is 150.5 and the ask is 1.795

There are just no sellers left..someone will probably jump in and sell soon..but it just shows how tightly they are being held.

BMN is 1.65 now..definately must be something going on.
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yeh but when do they expire?
and how much is the exercise price ie. to convert them to FPOs?
 
This might be the reason...partially...I think there is more to it though.

Sydney - Tuesday - November 14: (RWE Aust Business News) -
Paladin Resources (ASX:pDN) said the royalty framework for the Namibian
mining industry has been resolved with the Namibian government.
The percentage liable to the mining commissioner for the benefit
of the State Revenue Fund is 3.0 per cent for precious metals, 3.0pc for
base and rare metals, 2.0pc for semi-precious stones, 2.0pc for nuclear
fuel minerals, 2pc for industrial minerals and 3pc for non-nuclear fuel
minerals.
The 2pc royalty now specified on nuclear fuel minerals will have
a positive impact on the project economics for Paladin against the
previous 5pc royalty factored in.
Its shares were down 12c to $6.25.
ENDS
 
makes for a good read...
thanks for that chris.

been holding a fair few since the high $0.60's...

been procrastinating since its was $1 as to when to top up my holding...
ended up topping up on MTN instead! how dumb am i!!!

but whilst MTN never ceases to disappoint, this one never ceases to amaze!


FatProf certainly don't recommend adding tho, they just say hold...

Is anyone on this forum planning on buying more? I'd be interested to hear the reasons?
 
Rafa said:
makes for a good read...
thanks for that chris.

been holding a fair few since the high $0.60's...

been procrastinating since its was $1 as to when to top up my holding...
ended up topping up on MTN instead! how dumb am i!!!

but whilst MTN never ceases to disappoint, this one never ceases to amaze!


FatProf certainly don't recommend adding tho, they just say hold...

Is anyone on this forum planning on buying more? I'd be interested to hear the reasons?
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No, my brain is running out of space trying to keep track of all these damn U stocks. What's U3O8 stand for again? :eek:
 
Hey Rafa. I sold some at 1.45. Only reason I sold some is because I'm still holding quite a reasonable amount and I wanted to put some money into ERN (Another namibian uranium play). I dont think there is any reason to sell. I would recommend a buy to others because I honestly believe this is the next Paladin. Maybe im too confident but they seem to be repeating everything Paladin did..but with less shares on issue...and I think they will have a larger deposit or deposits than Paladin.

Just have to wait for all their drilling to be completed now. Its going to be fun.

IMO I believe fat prophets have recommended a hold on BMN because they allready put out a buy at 68 or so cents to their members in the first report. They are very bullish in their report and they obviously believe they have a long way to go when they write statements such as,

"This underlines our fundamental view that investors must be diligent and invest only in those uranium companies that have solid exploration or resource assets with a realistic possibility of achieving production status in the medium-term."

They have stemmed away from accumulate because they have done their job in pointing this stock out to their members and they have no need to tell them to accumulate. I think its up to the individual if they read the report and believe they can go further..which I definately believe in.
 
Bannerman are going strong. Currently at 90 cents and the ask is 92. They are currently up 16 cents. Still plenty of room for these to move since their shares on issue is just over 14 million shares.
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hi all

i think i may be asking astupid Q, but that quote is from late april early may, but when i look at the chart for bmn the sp was around 35c, am i missing something or is my anz chart wrong?

thanks
 
toc_bat said:
hi all

i think i may be asking astupid Q, but that quote is from late april early may, but when i look at the chart for bmn the sp was around 35c, am i missing something or is my anz chart wrong?

thanks
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There was a share split.
 
there must be something wrong with me... :confused:
but i am actually hoping BMN falls back to 1.30 to 1.40 ish...
even tho i hold!

for a start, i am amazed at its present run, and i think a breather will do it good,
but also, i would love to be able to top up some more...



hmm...
 
results will be out in December..so I dont know if it will fall back that far. Could do though.

Todays action is just a reflection on some profit takers jumping in. I have recommended another uranium stock. ERN. jumped 17 % today.
 
some analyst had valued this at $1.10 - this stock like AGS has had an amazing run and time to cool down a bit maybe
 
ekman said:
some analyst had valued this at $1.10 - this stock like AGS has had an amazing run and time to cool down a bit maybe
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who has valued at 1.10? Please explain :)

Carmichael have put a valuation at 1.60. Fat prophets believe the share price to go further because they have recommended as a hold to its members.
 
I had read an article by fProphets (i may be wrong as i am not a 100% sure on the name) where they said the stock was around $1.10 - this was when the sp was around 60c
I may have the wrong analyst
 
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