I remember this placement was done around the same time as...

I remember this placement was done around the same time as another placement that I took up which was NUH.

Both BMN and NUH share price played out in a similar way. Only moved by late December. I put a lot more money in NUH compared to BMN but very happy with the outcome of both.

I do sense that the whole Uranium sector is just going through a re-rate after being slaughtered for much of 2016. The 3cents placement to me was a placement done at distress valuations. Of course could have gone lower but the probability was for it to be higher than lower.

Hopefully this Uranium rally could go for a while longer. Coal had a rally in May-August. Then Iron Ore had a rally in around July-December. Hopefully Uranium can rally around March-April. Then hopefully another "flavour of the month" commodity emerges.

Great trading. Don't care if they get their mine up and running. As long as you can buy low and sell high its all that matters.