It will not matter if capex/opex is high IF the spot price rises considerably.
its the commodity that has the value. BMN has it's weaknesses for sure, but when, not if, the uranium spot/long price rises BMN will be one of the first cabs off the ranks. it has to, demand/supply will force u price up, no doubt.
If PEN are mining this year, making $5/ib i would be concerned about their mental state, as PDN just keeping its head above water ...
an investment in BMN is one heck of a risk, but global X ETF now has 23+ million. they are who is moving the price. they have also near tripled their PDN position over the last 6 months to near 32 million ...
i now hold most of mine in high 4c's ... with a few ugly ones over a dollar!
dont we buy when no one else wants to and sell when everyone wants to buy? :-)
must read - great artilce, page-8
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Last
$3.14 |
Change
-0.050(1.57%) |
Mkt cap ! $560.8M | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.23 | $3.05 | $1.909M | 606.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6892 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 10000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BMN (ASX) Chart |