Gillards announcement should have no effect on BMN if people were entirely rational.
1. Julia has given the green light for australian mines to export to india
2. BMNs mine exploration is in Namibia, not australia
Only reason for positive movements is general sentiment around uranium because of Julia's announcement. DYL and some of the other explorers might have more reason to jump as some of them have actually spent some money exploring in australia. BMNs price rise is almost entirely attributable to people jumping on the band wagon without really understanding IMO.
By the way, I am not saying that BMN is overvalued, only that Julias anouncement should not have prompted such a jump. This is shown by the smarter people unloading into the upswing.
There was also a rumour of a price jump last week, but none of the indicators I am seeing are showing anything significant (above $53/lb).
BMN still have a capital raising on the near horizon so watch out for that coming soon!
- Forums
- ASX - By Stock
- whats going on here?
Gillards announcement should have no effect on BMN if people...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.14 |
Change
-0.050(1.57%) |
Mkt cap ! $560.8M |
Open | High | Low | Value | Volume |
$3.21 | $3.23 | $3.05 | $1.909M | 606.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6892 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.15 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 3.110 |
2 | 6326 | 3.060 |
1 | 328 | 3.040 |
1 | 1661 | 3.010 |
5 | 13228 | 3.000 |
Price($) | Vol. | No. |
---|---|---|
3.150 | 10000 | 1 |
3.200 | 11650 | 4 |
3.230 | 15000 | 1 |
3.240 | 4459 | 1 |
3.250 | 5908 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
BMN (ASX) Chart |