Call me a conspiracist but it looks to me like buy bots at work and that means one thing ?V accumulation. As some have mentioned there is likely institutional interest now that the BMN model is becoming more and more profitable due to the high gearing to the U price.
Nice to see BMN getting closer to approaching peer valuations (which continue to rise with U spot ?V creating compounding upside) but is still below $1 EV/lb so still has a way to go.
I have been holding patiently. Looking forward to mining licence and further drilling results oh and throw in a JV offtake agreement and you will make me a very very happy man. ??
Patience will CONTINUE to be rewarded IMO although I would expect to see some profit taking / consolidation after an absolutely stellar month but boy, when the BMN train starts a runnin you better look out!!
I hope you are still hanging in there captain!? We miss ya posts and good humour.
All the best to Long termers! Swinga
BMN Price at posting:
69.0¢ Sentiment: LT Buy Disclosure: Held
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