BMN 8.66% $3.27 bannerman energy ltd

pro and con of bmn

  1. 3,731 Posts.
    Well, Try to figure it out why BMN is falling. Put together a list, and I might be wrong.

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    Positive:
    1. Decent Size of Deposit;
    2. Resources Upgrade Upside
    3. Good Management Team in Exploration
    4. In Good Geopolitical Location
    5. Proven Process

    Potentially Positive
    1. Could Have a Good Management Team in Mining and Production Phase
    2. Water, Power, etc could be Ready in Time of Mining
    3. Potentially Low Cost Mining, at Least at Scope Study, Even With Very Low Grade Uranium
    4. Takeover Target for Large Deposit

    Negative:
    1. Low grade, 200ppm like 1.2g/t gold, or 0.55% copper deposit. Eqv. Gold and Copper Mines are Worth a Lot Less.
    2. Low in Cash
    3. Legal Issues
    4. Only 80% holding on Key Deposit

    Potentially Negative:
    1. Peers Lost Value Faster, Could Make BMN Looks More Expensive
    2. Uranium Stocks Might not As Hot As Before Due to Falling Spot Price
    3. Technically Weak.
    4. Difficult to Get Huge Fund Under Current Situation, and Future Cost Pressure.

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    Conclusion: Too Much Forces are working on BMN. It will be very volatile in the near future.
 
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Last
$3.27
Change
-0.310(8.66%)
Mkt cap ! $499.8M
Open High Low Value Volume
$3.30 $3.40 $3.23 $6.799M 2.065M

Buyers (Bids)

No. Vol. Price($)
2 24450 $3.27
 

Sellers (Offers)

Price($) Vol. No.
$3.28 20000 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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