Australian Shares Sparty's Blog
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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•EXT and BMN changing places
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Interestingly EXT and BMN have reversed with BMN (on the TSX) showing a very strong uptrend with insider buying with a slight drop in EXT interest. http://www.australianuranium.com.au/blog/wp-content/uploads/2009/09/bmn-marketclub.gif
http://www.australianuranium.com.au/blog/wp-content/uploads/2009/09/ext-marketclub.gif
My guess is that the institiutions are punting that PDN's cash raising ~$400m is probably going to go towards buying BMN which is wildly underpriced (market cap AUD$262m) and easily within PDN's budget. That is exactly what I did a few months ago when I switched some of my >1000% EXT gains across... fingers crossed.
This image below shows why and if you haven't had a look at BMN's last report perhaps now is the time....
http://www.australianuranium.com.au/blog/wp-content/uploads/2009/08/bmn-visitors-regional-a4-landscape1-1024x762.jpg Note: THE GREEN AREA IS BMN
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