BMN ain't in good shape at all.
- Not sure where they are going to get ~$870m to do this, and who in their right mind would give them that money
- Admin costs stay the same each quarter, yet other costs reduce
- They lose ground in the EPL's they hold
- Cash low
- Low grade U308
- Mining licence ... let's just stop there
- It took BMN 7 years to realise EPL 3346 (Swakop River Project) is a duster ... 7 years!
What a big mistake getting involved in BMN was. Just need to make some capital gains in others to get rid of this once and for all, but in the mean time I reluctantly hold.
This is an illiquid traders stock now, better U308 companies out there.
Ann: March 2013 Quarterly Activities Report , page-6
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Last
$3.77 |
Change
-0.090(2.33%) |
Mkt cap ! $579.2M | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.89 | $3.75 | $644.7K | 169.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3477 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 4317 | 26 |
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| Last trade - 13.34pm 20/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |