capman, I agree with you that PNA's project is a positive example. But you have to remember PNA's project is about 5 years ahead of BMN, when money is easy to get, and everything is cheap.
Now, costs are skyrocketing, money is tight, short of everything, from utility to human resources. so a companies' valuation should be adjusted accordingly.
I never said BMN is dead and buried. But we need improved condition, that is higher uranium price, and available of fund.
A lot of people 24/7 ramping up BMN with blue sky view, and forget about the fundamental issues, such as low uranium grade, large capex, costly water supply, skyrocketing equipments and shortage of labor, etc, particularly there are at least two big uranium projects ahead of BMN.
BMN is competing against with them in terms of purchase of equipments, chemicals, water, power, workforce, etc. We are talking about a country with population of 1.8m, a little bigger than Brisbane. Not happy with delay in assay results now, you will have delay in getting money from banks, the delivery of equipments, engineering work, and get skillful workers.
There is nothing wrong to hold some BMN. Just too risky to overweight it.
I stick to agriculture related companies, and to the less extend, preciously metals.
- Forums
- ASX - By Stock
- BMN
- lets get this straight
lets get this straight, page-16
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMN (ASX) to my watchlist
|
|||||
Last
$3.20 |
Change
-0.090(2.74%) |
Mkt cap ! $562.4M |
Open | High | Low | Value | Volume |
$3.29 | $3.29 | $3.16 | $2.337M | 726.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9251 | $3.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.20 | 19189 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9251 | 3.160 |
3 | 20412 | 3.150 |
1 | 315 | 3.130 |
1 | 1500 | 3.120 |
2 | 7000 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 19189 | 1 |
3.250 | 8983 | 2 |
3.270 | 7000 | 2 |
3.300 | 13030 | 3 |
3.340 | 15000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
BMN (ASX) Chart |