Bar one day, BMN has been losing in the vicinity of 10% of its SP everyday for the past 2 weeks.
The Savannah issue has been known about for almost a year. Surely there must be some other reason, other than Savannah and the general market malaise, which is causing the bail out of investors. Trading volume has increased signficantly.
I cant believe than BMN management has not gone into damage control from a PR point of view. In fact the silence has been concerning, other than the 'please explain'from the ASX with regards to increased trading volume.
The other disturbing factor is that the brokers covering the stock (DJ Carmichaels and Haywood securities) who had 12 months target SP of > $4.50, have also been deafening silent. One would have expected that once a JORC of greater than 100M lb was announced, that the brokers would have updated their forecasts or at least put out a revised report.
bought at 1.08, page-33
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Last
$2.95 |
Change
0.090(3.15%) |
Mkt cap ! $526.9M | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.03 | $2.94 | $1.499M | 505.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1610 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 5480 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |