EXT only down 1.5% with a market cap now similar to PDN.
Assuming mining license were to be granted, problem for BMN would be raising the funds for the mine construction in an environment of tightening credit loans, no commercial partner on the radar (despite BMN trying to convince us that they have been in talks with interested parties)and a low MC which makes it ripe for a cheap TO.
I agree it will be at least 12-24 months before the uranium industry recovers from the malaise.
Of-course if BMN were to discover a larger high grade zone it may kick start a SP rally but we know that is highly unlikely coming from the BMN camp.
not looking fantastic., page-3
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Last
$3.64 |
Change
0.410(12.7%) |
Mkt cap ! $641.2M | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.68 | $3.45 | $2.659M | 743.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 458 | $3.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 10943 | 8 |
View Market Depth
| Last trade - 11.57am 17/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |