Patersons have had sell recomendations on BMN before.
When the Uranium's price was around 70 dollars a lb.(BMN S/Price 80c plus)
They implied that BMN needed the U price to be above 80$ a lb to be viable. They put a Sell on the stock at that time.
Thats well and good.
Now they rate the stock as Sell. When the stock is trading around 50% below a buyout offer price, while including a statement that the offer is above fair value.
Is that a contradiction within itself.?
The only reason any one would put a Sell on BMN atm is if they "believe" the offer is going nowhere or for some other motive. imo
I believe the offer price of .62c should be rejected but in saying that I'm curious as to the price Patersons believe to be fair value atm for BMN.
Good Luck All
Sm
the facts and where to?, page-15
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Last
$3.20 |
Change
-0.090(2.74%) |
Mkt cap ! $562.4M | |||
| Open | High | Low | Value | Volume |
| $3.29 | $3.29 | $3.16 | $2.337M | 726.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9251 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 19189 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |