Interested in people's thoughts on the below from Patersons.
Uranium sector stocks have risen in response to higher spot prices reaching $US70 a pound on January 25, 2011. In our view, BMN needs a uranium price around US$80 a pound to make it worth its while. A lack of water at its Namibia facility needs addressing. Competitors located nearby have significantly higher uranium grades.
I hold BMN.
patersons securities bmn sell recommendation
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Last
$1.99 |
Change
-0.200(9.13%) |
Mkt cap ! $355.4M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.08 | $1.98 | $1.926M | 954.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2367 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 5000 | 1 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| BMN (ASX) Chart |