Confidence in BMN has been shattered and it will take a loooooong time for the SP to make substantial recovery if ever. IMO at current situation it's unlikley $550M will be forthcomming for a mine. So naturally the SP has been trashed.
Another round of selling might happen Thursday as Fat Prophets (who have been a supporter of BMN) will send out an update. There's a new analyst at Fat Prophets mining and he is putting SELL recomendations on a lot of previous BUYS to clear the portfolio of "dead wood". So anything could happen in the case of BMN.
85c support level, page-83
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Last
$2.39 |
Change
-0.020(0.83%) |
Mkt cap ! $426.8M | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.48 | $2.34 | $1.453M | 608.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20090 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 3200 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| BMN (ASX) Chart |