daytrade diaries... december 15, page-43

Bentano - be careful with BMN. Here's my take on it - Their PFS that was released yesterday contained higher than expected opex, and given the current spot price for Uranium, there's bugger all margin for them. (Bearing in mind that they won't be operational for a while yet, and the price of U is prob going to be higher then anyway, and that they would be using a contract price, not the spot price - the market still really didn't like it!) The drop could be more than retail investors bailing. Could be a big fish or two pulling the plug. Maybe a Form 605 will be forthcoming soon??? I'm standing clear of it for now - until there are some clear signals otherwise. [But please DYOR!]