Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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LifeisShort said:
Its a simple solution. Punters are piling in on results which are due very shortly. Lets hope they are good.
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Could be punters. Could be insiders. Information leaks...either way I think results will be good
 
Just bought some Options and then my colleague told me they are expensive. Can someone pl boost my morale (i know its too late now) ...i hope i have done the right thing
 
hey ekman..ask your colleague why he comes to that conclusion. I dont think you will lose..but hey thats just my opinion. Once they confirm the resource at Goanikontes they will take off. I still believe all the historical drilling results..but they are going to bring confidence to the historical drilling once they post their own results from the recent drilling campaign.
 
chris1983 said:
hey ekman..ask your colleague why he comes to that conclusion. I dont think you will lose..but hey thats just my opinion. Once they confirm the resource at Goanikontes they will take off. I still believe all the historical drilling results..but they are going to bring confidence to the historical drilling once they post their own results from the recent drilling campaign.
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tks Chris1983...i was going to bail out today itself but will hold given your positive thoughts. my friend was of the opinion that i should have gone for the Shares rather than the Options
 
ekman said:
tks Chris1983...i was going to bail out today itself but will hold given your positive thoughts. my friend was of the opinion that i should have gone for the Shares rather than the Options
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well the exercise price is 6.67 cents..even if you picked them up at 1.47..that means in total if you want to exercise your options it will cost you a total of 1.54. So your pretty much fine with the price you paid. Dont hold onto stocks because of others opinions..you should read the research reports etc etc..but..they havnt said anything negative yet to make me dislike the stock yet.

All the best.
 
I think the results will come down to the grading of the drilling. There is obviously uranium there but its a matter of how extensive and the all important grading.
 
yeah..i agree..from historic records the grades are good for namibian standards..Im pretty sure it will just confirm what they allready knew..then we can move onto getting a jorc up.
 
Louieh said:
i bought in at a 1.46 on friday... im glad i did bc the last two days have been a blast to date! :)
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welldone. 1.68 now. you still holding ekman? Anyway im excited to see the results. im confident they will be good
 
I've been waiting for the results it feels like from the dawn of time. Not long to go now. There is a lot of punters in this stock now so if there is anything sligtly negative god help us. Even positive news could see an exodus of day traders etc
 
LifeisShort said:
I've been waiting for the results it feels like from the dawn of time. Not long to go now. There is a lot of punters in this stock now so if there is anything sligtly negative god help us. Even positive news could see an exodus of day traders etc
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same here. been holding since early april and it feels like its been forever...its only been 9 months. I went away for lunch and it looks like profit takers came in hard and fast. short term price action doesnt bother me with this one...but you always enjoy seeing it go up. As long as they confirm the grades with their highly anticipated results..i'll be happy to hold.
 
The reason why it has halted its run.

DJ MARKET TALK: US Uranium Sales Plans Hit Paladin, ERA

0454 GMT [Dow Jones] Paladin Resources (PDN.AU) down 42 cents, or 5.8%, at A$6.79 with dealer saying report in Wall Street Journal that US will sell down part of its uranium stockpiles and hence drive prices lower, is affecting stock. Notes that while PDN has run to A$7.45 from A$5 in last 2 months, news causing some caution, despite US Energy Dept first proposing plans in August. Rival producer ERA (ERA.AU) also off in last 2 hours, down 5.5% at A$17.48. (WEL)

Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com

(END) Dow Jones Newswires
December 11, 2006 23:54 ET (04:54 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.

Tuesday 12 December 2006 15:54:51:290 AEST
 
Interesting....shouldn't have any impact on Bannerman though as they are not producing. Share price movements should really be in reference to grading and width. I think all assumptions for Bannerman were made on $40 or less a pound for uranium and they currently sit at over $60.
 
at the risk of being told to read through the past months of anns i ask the question: when are the results due approximately? has BMN given some indication of due date?

bye all
 
If the world is serious about Uranium as an alternative then Price of U must remain high. At least high enough to attract explorers and hopefully turn some of them into producers.

So they reckon the US is going to sell down its stockpile? How much and to who? I doubt that very much.

Probably just a ploy to cause a short term price drop for whatever reason :banghead: Not unlike what China tried to do 2 years ago when the Government announced that they would deliberately slow down their economy......made metals prices drop in the short term.
 
simplesimon said:
I've been watching these shares for a little while now and I am thinking of buying in what do you think?
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Simon, it is not appropriate for other ASF members to be advising you to buy or not to buy shares in any company. In fact, it is against the law for anyone other than a licensed financial advisor to provide you with any kind of financial advice.

All I can suggest is that you do your own research (this thread is a good place to start) and come to a decision that you feel is right for your particular financial situation.
 
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