BMN 1.57% $3.14 bannerman energy ltd

"People wrote off Langer Heinrich over a decade ago, and PDN...

  1. 38 Posts.
    "People wrote off Langer Heinrich over a decade ago, and PDN made them choke on that ... and this when uranium was half its current price!"

    Yes they did, and did so very well indeed. On much different metrics than BMN. BMN's metrics are way out of the ballpark and the market dished out a lashing to the sp, deservedly so.

    PDN had originally listed and OPEX of US$12.00/lb and CAPEX of US$92M. A far cry from the uneconomical metrics presented by BMN.

    On current metrics this stock is nothing but a sell, and a strong sell at that in my view. Unless they pull a magic trick out of the hat and I personally don't think they will any time soon.
 
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