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
$2.48 |
Change
0.090(3.77%) |
Mkt cap ! $442.9M |
Open | High | Low | Value | Volume |
$2.44 | $2.54 | $2.43 | $1.569M | 633.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 82 | $2.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 1500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2700 | 2.470 |
1 | 406 | 2.460 |
1 | 5000 | 2.430 |
1 | 866 | 2.420 |
4 | 8465 | 2.400 |
Price($) | Vol. | No. |
---|---|---|
2.520 | 4300 | 1 |
2.530 | 50 | 1 |
2.550 | 50 | 1 |
2.560 | 10000 | 1 |
2.570 | 10000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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