BMN 4.00% 13.0¢ bannerman resources limited

areva invests in a namibian uranium explorer

  1. 522 Posts.
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    I think the problem with Bannerman is,that they dont have a perspective (at todays uranium prices) to raise the huge capex of 555 Mio.
    There are other namibian uranium explorers,who have a lot less uranium at lower grades.

    Marenica (MEY) for example (who are similar undervalued as Bannerman if it comes to USD/lbs) but they have a huge advantage compared to Bannerman:
    Their license is just some 20 miles to Arevas Trekkopje.

    Now today Areva announced that they became a substantial shareholder in Marenica with over 10 % of the outstanding shares:

    http://stocknessmonster.com/news-item?S=MEY&E=ASX&N=475380

    This is the kind of announcement,which would help BMN.

    One of the potential clients showing interest in the company...
 
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