Interested in people's thoughts on the below from Patersons.
Uranium sector stocks have risen in response to higher spot prices reaching $US70 a pound on January 25, 2011. In our view, BMN needs a uranium price around US$80 a pound to make it worth its while. A lack of water at its Namibia facility needs addressing. Competitors located nearby have significantly higher uranium grades.
I hold BMN.
patersons securities bmn sell recommendation
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Last
$2.86 |
Change
-0.095(3.22%) |
Mkt cap ! $509.9M | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.88 | $2.80 | $973.1K | 341.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 908 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 4118 | 16 |
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| Last trade - 15.52pm 11/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |