tibbs,
i'm not so hot on technicals, however I strongly agree that an Ann is required. IMHO the key Ann relates to the BFS/PFS, whatever they call it; until then BMN, in this market, will not move north.
Rightly or Wrongly I am not a day trader and like to invest in what I perceive as a value share and for me BMN ticks the boxes. If it takes a month or a year or more for that value to be realised then so be it. I therefore share your non concern regarding the long term prospects of BMN & Etango as this quarter should produce the Anns which will go towards confirming the underlying value in BMN and hopefully drive the sp northwards to a more realistic valuation. Even the sp of the doyen of the U shares, EXT, appear to be dithering around as the Anns regarding the resource etc are not so much in evidence as previously - this combined with the CR has caused the sp to languish - a situation that KAH, Dattles et all are taking full advantage of - maybe the present BMN predicament is such an opportunity?
1c on the close, page-60
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Last
$2.26 |
Change
-0.040(1.74%) |
Mkt cap ! $403.6M | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.27 | $2.20 | $2.289M | 1.025M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6729 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 4822 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BMN (ASX) Chart |