No way... This wont see 20 cents again!!! Market would have to do a GFC 2...
Happy to say Smity called the bottom... (When he can stay out of the sin bin)
The offer price effectively puts a floor under BMN... Whether it be 20% - 30% or more under the offer price...
Fact is that any buying opportunitys in the 20's will offer significant profits for buyers IMO.... That opportunity has passed....
BMN has a significant undeveloped resource... IMO the lowest it will see now is somewhere in the 30's... BB's Fibs are a good guide to where this could bottom...
Agree that current SP reflects the lack of belief that the offer will even be considered... To low IMO....
Only 18 months to go till 2013... Demand and supply metrics will take over very soon... BMN is one of the stand outs for large undeveloped U308 stocks IMO...
classic case for asics, page-15
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Last
$2.85 |
Change
-0.100(3.39%) |
Mkt cap ! $509.0M | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.88 | $2.80 | $1.040M | 365.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 358 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 103 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |