BMN 8.66% $3.27 bannerman energy ltd

Hi tibbs et al,I've been following Banners for a while and today...

  1. 1,694 Posts.
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    Hi tibbs et al,

    I've been following Banners for a while and today provided the perfect opportunity to get on board. I had been biding my time as BMN continues to delay with its feasibility study but what tipped me over the edge is the carrot of potential Hyena laughs. In its annual report it has now rebadged it as a 'preliminary' FS - I had thought it was merging the PFS and BFS. To be re-rated at the $2 plus mark many on here expect I believe BMN will need to come out with a good set of PFS numbers - including a C1 cost as close as possible to $US 30/lb. I'm prepared to take the risk this (eventually) will happen and will hold it until the end of Q1 2010 on anticipation of this (and the outside chance of a few hyena laughs courtesy of continued drill hits). Can't see this going too far under $1.
 
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