when you have a look at the one year chart,
and that the cliff drop in jan was a knee jerk reaction followed by was it d&d sell recomendation? due to the pfs indicating $38-41/lb opex, which focussed on the spot, and ignored the reality that BMN will offtake with its strategic partner at contract rates, you realise that it has a lot of ground to make up.
In fact, all of it. The strategic partner, as been posted here before, may in one form or another, acheive a support mechanism, closer to peer valuations, which begin at $3/lb,as suggested in the latest video pres,
$3x162/240 fd= $2.00
Though i would be confortable with half of that, 1-1.20 redempetion of the medium term mindset against the sector, and the caning it gave bmn.
charts, page-40
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Last
$3.30 |
Change
-0.170(4.90%) |
Mkt cap ! $589.4M | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.42 | $3.29 | $1.679M | 503.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1784 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 8000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |