BMN 3.65% $2.84 bannerman energy ltd

emailed bmn about savannah timeline, page-10

  1. 18,215 Posts.
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    Hi

    As if he would answer such a question! A clear response could jeopardize the entire situation if your email got leaked. I am still assuming it's a bit of opportunism and a nuisance and nothing else.

    Patience, people! there are many reasons for today's downturn, the entire mining sector is down: I have had a quiz and the following shares are down between 5% and 13% (Incitec!): IPL, AGS, MRE, IGO, PAN, MOL, AVO, LYC, and of course, our BMN.

    I have said this before in one of my posts and got contradicted, but I still believe China's concentration on the clean-up before the Olympic Games must have caused entire industries to be shut down temporarily. Therefore less is produced, and imports of raw materials are on hold, except what's already floating towards China. By Christmas the mining sector will be better, rest assured.

    Our dollar is also connected to our resources sector: you'll find the dollar is down when resources are down - it's almost a proxy for the sector.

    I have sold other stuff, but I am going to continue to hold BMN.

    Cheers

    Taurisk
 
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