sentiment

Obviously many have lost money on BMN over the past couple years. It was a market darling at one point and then reality (and the GFC) hit and it all came crashing to a hault. Look, I lost serious money in that whole thing too. I had rode EXT from $1.00 to $5.20 and felt that at that point BMN represented greater value and jumped from EXT to BMN at $0.96. (I do not regret my move even though EXT is now trading at +$8.00) Since then, I have seen BMN run to $1.40 and all the way back down to $0.26 or so. I had the balls to step in and say enough is enough at $0.30. I have made a mint since then and am now above my average. Uranium makes sense to me. I know the world needs oil and I am heavily invested in it. However, there will come a time in the near future when oil will be a thing of the past and renewable (or much more cost efficient)energy sources will be in higher demand. Whether it be the world demanding governments follow through on climate change initiatives or the unsustainability of our current energy demands. I don`t think I need to reiterate the demand coming from China and India as it is in the news daily. BMN is the most leveraged play (to the uranium price) I can find and am therfore heavily invested. It is not that I think BMN is the best U company out there (although I do feel they are drastically undervalued at this point). I am looking for companies who will benefit by a rising U price and I can`t find a single company who will benefit more than BMN. I guess what I am trying to say is -If you are sitting on a big loss, and don`t believe in the future of BMN - move on to something else. But if you sitting on paper losses (like many BMN investors) and truly believe, like I do in the future of uranium, then buck up and dip in at these bargain basement prices and quit blaming your losses on everyone else. There is money to be made all around us and it is up to the savvy investor to reconize it. Cheers