Think I may get some more BMN if it gets to 32-33c, maybe with this margin rate thing going up. Right now buying BMN is purely a punt on the t/o going ahead. Would hope the existing shareholders consider this carefully. Can get very ugly if shareholders block this t/o. NUF had a takeover offer at 12 bucks a share which was rebuffed and is now trading at 3.78. I am sure there are plenty of other examples. I am not sure whether BMN is trading at a close to 40% discount to the offer as major shareholders have been sounded out and the market expects the TO to be blocked.
Whole Uranium sector is taking a bath again (can't believe seeing PDN down another ten cents today to 1.79).
BMN Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
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