BMN 4.38% $2.84 bannerman energy ltd

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  1. 1,959 Posts.
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    I understand that most everyone here are impatient because the sp moving up and then down, time after time.
    However, many very good investors like tibbs and Capt John have taken a nice postion on BMN.
    Jessie Livermore use to say that the big money was made in the buying, at the right price.
    You have that now with BMN.
    Jessie Livermore also said that the really big money is not made in the buying or selling, but in the sitting.
    Being patient
    Those of us who have a large postion in BMN look at the stock not as a trader, or as a short term investor, but as an owner, and are willing to wait for the big money payback.
    We have probably next to EXT, the best depesit in probably the best country to make an uranium find.
    Nambia, easy to find uraniumm, and the best country to build an uranium mine in the shortest possible time,which means more then some here might realize.
    if you make a great find even here or lets say Canada, it could take years to get a mine built with all the red tape.
    We have a monster deposit in the making at Etango especially if you add the new Hyena.
    I am not saying Hyena is our rossing south, but you never know the way mangement has started work on the area.
    With the size of our deposit which is already big and growing into a monster deposit IMHO, you have to remember tonnage is what it is all about.
    Tonnage makes the mine with of course a half decent grade, and you need tonnage if you want a mine that will last many years of production. The more tonnage the longer the mine life. It costs money to build a mine and without the tonnage the mine won't be built. That's what makes a company worth alot and in turn moves the share price up over time as drilling unfolds the deposit, but the grade is important in that it must be rich enought to be economic.
    despite the set back in the share price BMN hasit all when it comes to building a mine whether with a major or a supplier who we get offtake agreements along with the money to build our mine.
    at least that is my opinion.

 
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$2.84
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-0.130(4.38%)
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$2.82 $2.92 $2.79 $777.7K 273.3K

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No. Vol. Price($)
8 26045 $2.84
 

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Price($) Vol. No.
$2.85 7729 13
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