bmn v ext, page-16

Emerald 1

I am a long term /accumulator/trader of bannerman resources.....pre 3 to 1 split....(approx. 3 year holder)

I know the directors quite well; attend every meeting ,study every report & go to the offices in west perth to discuss matters that I don't understand.

after the scoping study was economically positive for a mine to be built. I sold a 'rental' property to buy more shares.IMO I now have quite a substantial holding ;whereby now a 10-15% drop or increase in sp could almost be a mercedes car , zoom zoom zoom hahahaha..

However I don't come on here crying or whinging about this all the time as I know our bannerman is quite volatile, mainly because of low number of issued shares .
I'm in to see a mine built & the sp in between time is irrelevent.
.

So far in 3 years management have been on target & mostly on time for major announcements for scoping study & now have confirmed resources as per forecasts....& finally best of all a BFS nearing completion ..
2 years ago critics were saying on Aussie stock forum bannerman were no good coz they won't get any water....then 6 months later its Oh , now bmn won't get enough power (electricity)...or its low grade compared to pdn etc etc ...then its the radio active rabbits in Rabbit valley that might attack the drilling rig operators..then its the price of sulphur is too high so bannerman can never produce etc etc..
Now I read some posters saying bannerman is maybe no good because Extract is 4 times its market cap....man oh man

During this credit crunch the 'market'is generally keeping most stocks on ASX 'range trading' !! Bannerman is no exception ;
EXT is obviously an exception & has been trending for reasons of high corporate share control ie rio & kalahari etc. Great for ext shareholders (I hold a smallparcel) & I am pleased to see its M.C. up past $600mill.
Why ??...coz it underpins & confirms once again( like forsys) the unrealised value of bmn..
As a previous poster said have a look at Tibbs' posts about bmn.

He's a very astute, clever & logical ...& a great addition to this thread as a long term bannerman investor.. I learn so much from his posts.

In between time bmn are still drilling, have a PreFeasibility study in 2 or 3 months & BFS at years end...I'll attend the special meeting on april 16 th ( come along emerald1)& we'll eat all the snacks burp burp !!

IMO we're sitting on a "Sleeping giant"...the PFS will get outside interest & the BFS will finally get worldwide interest & takeover predators will be looking.
I am confident that the management will handle every aspect of this to benefit us all & themselves of course .(greed is good)
Afterall, they are the professionals & in control.( until we can elect Tibbs to the Board!)

havvagoodweegend ...whats left of it

cheers cj