thanks for the introduction Russell.
i am a long term shareholder, have been holding since 69 cents, through when Criterion and Warwick Grigor called sell at $1.20 in The Australian, through when the Captain Hook of chat sites Fishhead78 called it a dud at $1.50.
Now, of course, Grigor thinks differently because BMN has matured from a speccie to the only realistic up and coming African uranium producer on the ASX.
One can read many broker reports on the BMN website, including from Warwick Grigor. At US$90lb uranium price,Warwick Grigor has forecast earning of between $1.70 and $2.70 at full production (mid 2011), which is indicative of a $20 to $32 share price target at a conservative US$90lb uranium price.
Not one African company has the drill results of BMN or the resource quality.
A company director, Nathan McMahon, has spent over $300,000 over the past month buy shares around $3.60 in price.
In January, BMN plan to issue 100M to 150lbs JORC, increasing the existing Interim Resource of 55Mt @ 219ppm U3O8 or 27M lbs.
However, BMN is a long term proposition. A 100M lb JORC in January, may see $5 breached.
Therefore, long term holders have only sincerity.
I myself, never accumulate a stock, however BMN is my exception.
If one can buy between now and January at around $3, then I think that is an excellent buy.
Good luck.
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$3.58 |
Change
0.100(2.87%) |
Mkt cap ! $547.1M |
Open | High | Low | Value | Volume |
$3.50 | $3.58 | $3.46 | $1.144M | 324.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1469 | $3.58 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.60 | 481 | 1 |
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No. | Vol. | Price($) |
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1 | 1469 | 3.580 |
1 | 972 | 3.570 |
1 | 4000 | 3.550 |
1 | 98 | 3.540 |
1 | 2000 | 3.530 |
Price($) | Vol. | No. |
---|---|---|
3.620 | 4000 | 2 |
3.630 | 255 | 1 |
3.650 | 650 | 1 |
3.660 | 4452 | 1 |
3.710 | 575 | 2 |
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