Perhaps a lack of patience on my behalf. I'm tired of hearing about studies etc etc. I see no offtake agreements or a cornerstone investor to help fund a mine.
I've been listening to this for 17 years!
Like I said, I've had huge profits on BMN only to believe that shares are a long term thing and then I watched my profits go down the toilet and I've held a massive loss for years. I'm not going to make that mistake again. Bannerman has been a huge part of my portfolio for years and I've grown a bit wiser over the years. It was a stupid amount of money to have in a stock that produces nothing.... yet.
I still say this will get taken over one day but I just feel it may be for a price that has me out at a loss. Directors never care about retail investors. They get bucket loads of share or options for free so they will sell out if a half decent offer is put on the table. When was the last time you saw a director put his hand in their pocket and buy shares? Brandon has zero direct shares.
Fundamentally I still believe in nuclear power but at the moment (like gcs said) the interest in U has come off a bit imo as indicated by the charts.
I'm not a guru.... I've been wrong more times than right but I just had to reduce my exposure to BMN while I'm ahead. Even after selling, BMN is still 20% of my portfolio. The same as my BHP holding but I'm ahead with BHP + dividends than BMN.
Risk reduction is all.
It will probably go to $5+ now that I sold a few lol. Usually the way it works.
Perhaps a lack of patience on my behalf. I'm tired of hearing...
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