With the news continuing to look gloomy for a company that has long term contract obligations within the sector, RIO and ERA have surely cast an eye over the field previously which would have included BMN.
If Ranger is wound up over time, and everything I'm reading suggests that is a possibility, I just dont understand why you would even bother with Uranium Mining or even exploration in Australia. It is far cheaper to access labour and their are significantly less regulatory hurdles to be jumped for companies like BMN situated in stable parts of Afria.
Top 10 mine wish cash in the bank, must be close to the largest player that would be open for a buy out. Im worried greed is killing the deal and wish we had an unsolicited bid come in from a player like Rio / ERA - I think they would be surprised how much they would get if it was anywhere near $1.00 at the first pass.
The size of this resource would have it on the radar.
BMN Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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