BMN team going now for the next big deposits, fanning out for first holes to get some grades. Some look pretty hot judging by those geotech colours. Meanwhile back at the ranch, in Goanikontes, they are now leaving a couple of teams to drill deeper for a while. There is plenty of continuity at depth so this will probably add more to the Goanikontes estimates.
But what will the U market do? Markets tend to make a very human mistake- put too much emphasis on short term data. The future of uranium demand is very much big picture. China is going to put in two nuclear plants a year for next umpteen years for example. The pollution over there from coal is awful. The worst comes from coal being used for home heating in a lot of areas. We gave that away a couple of generations ago.
They are going to try to get the fuel as cheaply as possible, even though it does not make much difference to the economics of a nuclear power plant. Dont expect ethical tactics in dealing. However do not expact misbehaviour automatically either.
What we must not do is allow our resources to be ripped off for peanuts, as we so naively have to date so often. Resources are our mainstay.
BMN is an Oz company, and is looking like a major emerging new producer, even though its finds are in Namibia. It looks to me as if there have been criminal activities in trying to ramp its share price down. It looks also that some blog names are used which are operated by not one person, but relays of people to keep posting, of quite variable quality and some of them over easter looked like someone brought in from the mail room was on the job. "Uranium is easy to find" ....Boiler room stuff, not so much quality as quantity, going on and on to get read as often as possible. Ramping a stock like this if done for profit is a criminal offence, especially where the information provided is false and misleading, and done for profit.
It is hard to prosecute if it comes from offshore but then the next question is if that is the case how much danger are the publishers of HC exposing themselves to legally, for allowing it? Worth considering. For BMN and CMR should be on the alert, for example. Rather than attacking the whistle blower , who tends to appear when the authorities are not doing their job. Someone needs to inform them of suspicious activity. And by whom and when.
It is standard practice for many to claim "racism" becuase it tends to pring a reaction like Pavlovs dogs in more "liberal" types, who are fairly easy to manipulate, (brain switches off, it was ever on, and the old puffed up claptrap starts) but if I see two people running down the road from the TAB after shots were fired carrying a bag and they had the sound and appearance of a particular racial group, is it racist to tell the police which group they were from? It saves any other groups of two people from other groups from being suspects for a start. If two persons of say ethnic group B, do the police want to go looking for, say, group X or group Y? No. And members of those groups done want to chased down by the police if they are innocent either.
Now they retreat, (with agonised cries, oh boo hoo!) as it looks like they have been rumbled, and the names get changed. Same old same old. But it is not a game. Not chit chat. A lot of money can be involved. We are not playing Monopoly with play money. This is serious business. ASIC is working on getting some of these criminal rampers in various blogs and rumour mills cuffed up and brought before the courts as we speak, and they are not stopping at the shores of Oz. They need our help.
You have the right instinct Capt. too. A good nose for a rat.
BMN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
(20min delay)