BMN bannerman energy ltd

Thanks Steve, I willI also think the reaction today was to the...

  1. 12,495 Posts.
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    Thanks Steve, I will

    I also think the reaction today was to the large volume & drop on the TSX on Friday.

    That didnt concern me at all ... in fact perversely I find it a positive!!

    I watch the TSX carefully. The Nth American markets have been savaged last year & many investors have been burned & wiped out .. more so then in Oz. Most Canadain investors paid $2.00 per share & more form BMN, so they were realy suffering last year as well. Then since the recovery from the 22 cents lows, we have actually see very little volume go through. recently it has started to increase, and on Friday, on the back of a large parcel transfer at a lower price, we saw quite a few sales. profit takers form the lows? Stale bulls? Nervous investors locking in cash? Who knows, but I dont see what one large crossing on Canada has to do with the progress of BMN in Namibia. I certainly dont see it as a reason to sell, especially with whats in store in the next few months, and the fact that the TSX follows us, not the other way around.

    The positive I see is that the more volume that goes through in Canada the better. Also in the quarterly they mention that after the change of registry, Canadians will have better access to purchase shares here in Oz, but that this will only be fron end of April. So we should see a gradual improvement in liquidity there, which will be excellent for us in the long-term.

    cheers for now
 
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(20min delay)
Last
$2.77
Change
0.090(3.36%)
Mkt cap ! $568.9M
Open High Low Value Volume
$2.71 $2.80 $2.71 $3.506M 1.268M

Buyers (Bids)

No. Vol. Price($)
5 14149 $2.74
 

Sellers (Offers)

Price($) Vol. No.
$2.81 6000 2
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Last trade - 16.10pm 11/07/2025 (20 minute delay) ?
BMN (ASX) Chart
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