I know the current management are not into "tickling the ears" of investors and the market - I actually respect that. But I would have loved them to have considered the interests of faithful shareholders and released the following:
"Bannerman is not aware of any information as yet unannounced, which would account for the recent share price action. However the company does note the following:
1] The company is in the advanced stages of a significant BFS for the Etango uranium deposit, including final decisions on mining and production, and all necessary permitting. These will be announced to the market as they become available. 2] Recent Radon Cup exploration has generated a number of exciting new exploration targets that are currently being explored and drilled. The company will announce results as they are received. 3] Despite continued advancement in the project, and the increases in the Measured & Indicated Resources, the last 6 months has seen the Companys share price plummet to near historical lows. This has resulted in the share price trading at significant discount to its peers. The company is aware of the fact that a number of analysts and broking houses have recently alerted their readers & clients to this fact. 4] The company has also announced in a number of recent releases that it is in talks with uranium end-users and potential development partners from various regions, in regards to participating in the project. No decision can be announced as yet, but the company will keep the market informed on any developments. 5] Allied to the above, last week Managing Director Len Jubber presented at the Canary Events Uranium Forum, highlighting all of the above to the Forum attendees. A podcast of this presentation was made available to all investors, and has no doubt generated some focus on the company.
The company considers it quite likely that some, or all, of the above might have been the reason for the recent share price activity.
BMN Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
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