I did cull half my position at 81 cents today (didn't think it would run to 85cents intraday).
Anyhow, fundamentally, BMN is clearly undervalued (assuming the current Uranium prices; let's not go into projected Uranium prices in the future).
Happy to see EXT (I have a position as well) pulling up but for BMN to be making a loss on the back of such news makes only one thing evident; many day traders were involved in the transactions for the last few days - probably should have been a sign that some news was imminent.
Disclosure: Have a position on the buy side at the moment so DYOR.
p/s like to here the thoughts about the quality of the uranium (grade); 195 -259 ppm isn't outstanding in my opinion.
BMN Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
