BMN 5.67% $3.33 bannerman energy ltd

new discovery. rossingberg anomaly, page-12

  1. 12,455 Posts.
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    Joe

    First point ... some might have been disappointed. But for the life of me I cant understand why. Any serious or professional investor know that quarterlies are never used to announce previously unreported news. They often do contain tidbits of new info, which this one did! I thought it was great!

    I reckon the drop was totaly expected after the big jump, almost healthy imo.

    Second point ... I follow candle charts which are more immediate, that is is they tell you sentiment NOW ... right NOW we have a good bar in place on Monday & Tuesday. That is the market talking. Confirmation is needed, but its looking positive.

    Third point ... You are wrong with your four months! We had some latest assay results released on March 25 ... 22 new RC drill results .. all fantastic.

    Fourth point ... They have been working on defining regional drilling for months. They first started the Radiometric Survey of Rossingberg last year (results reported on Dec 12) They said there: "Bannerman has now commenced initial exploration beyond Anomaly A in preparation for drilling once the resource drilling currently underway is completed."

    In yesterday's quarterly they then announced that the drill rig is on its way to Rossingberg, and today they announced the re-probing of the holes, about which they say: "These results are encouraging and will help to define the initial grid orientation and spacing for the first pass drilling planned to commence next week."

    Mate they havent been sitting on their bums doing nothing!

    Ita all go!!

    cheers
 
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