Spot U price lower but the main market is what they call over the counter. That has been in the vicinity of $95us lately as best I can determine.
The next big events which should affect the ticker are the resource finalisation for GK and the first drill results for the two new areas. These look to be a least a month away maybe two. There are probably some of BMN traders etc. with a better handle on it. Suspect the shorters feel safe for a few weeks yet, but at some point they will start covering. Some will get caught by the announcement, but not all. Will the reversal of trend be gradual or sharp? I suspect a lot cant take the pain of the chart but will jump back in quickly as soon as it looks like an announcement is near. It could be a pretty solid jump. Ive been in another CMR which has been battered by shorters for ages, but with some better news it jumped over 33% today. Over 50c. Its really worth about $6-8, not $2.
Wouldnt be surprised if BMN did something similar.
why its weak, page-20
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Last
$2.84 |
Change
0.100(3.65%) |
Mkt cap ! $499.1M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.89 | $2.78 | $1.724M | 605.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 646 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |