BSN 17.9% 3.3¢ basin energy limited

Ann: Basin Energy Successfully Completes A$3.3m Placement, page-15

  1. 477 Posts.
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    Cameco production ramp up plans/commentary causing some big waves in the market.

    Another factor is alot of shorts are getting squeezed/some selling of Uranium stocks to cover are hitting the market.

    BSN SP seems to have been caught up in the overall market sentiment. Even with production upgrades the demand will still outstrip supply by the time BSN is in production.

    Fundamentals haven't changed, SP should find support/bounce shortly. TBH for a junior explorer this is a perfect opportunity to top up at an 8% plus discount prior to results being announced.
 
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3.3¢
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2.9¢ 3.4¢ 2.9¢ $26.24K 859.3K

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2 205357 3.0¢
 

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Price($) Vol. No.
3.6¢ 50000 1
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