rtenn(from canada) & I visited the bannerman offices yesterday & had a good chat with staff.
IMO the new chairman( geoff stanley) based in new york will arrange all the $$$ for the capex with the best possible terms available . It'll be reqd. within 12 months presuming everything else stays on track.
Sure the capex costs for mine construction,maybe $600 M...by then, but spot & long term U price should rise accordingly . cameco will see to that as they are getting very close to breaking even ...
Regarding a 'takeover'.... My opinion is the dirctors & the 'top 20' & other friends with larger holdings really expect a mine to be built....its not the quick buck scenerio.
Its creating something worthwhile for the future....andrew forrest , john borshoff, etc. have achieved this & I fully believe its the bmn's team that will be next...
However, of course chris, ...like $10 next week could have my wife pressing the sell button...hahaha..
P.S. SDG....I've been thinking about your 'proposition' since last week...& want to offer you a 'free trip' on the namibia investors tour.....interested ?? .
So harleys out & you're in ...wink wink !!
BMN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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