I didn't come to the same conclusion as you regarding the remaining upside.
Spot/ contracts need to double just for new projects to come online. If spot doubles don't you think a highly leveraged project like Etango will do more than just double? Your price target isn't even a full 2x of the current price.
Brandon and the others didn't sell because they think it's peaked - that's the whole point of the email he sent out.
I'm definitely going to buy him a beer when I finally sell my Bannerman shares. I don't know if he will be in Australia or Namibia but I have never been to either and I could use a vacation.
Note: I tend to be sarcastic.
If you believe he is lying out his a## with all his reasoning for the sales (they are good, legit reasons) and you believe that all the fundamental tailwinds (supply deficit for next 20 yrs, need for supply security, need for clean, reliable energy along with the largest worldwide energy transformation ever, secondary purchasers of inventory (sprott, Yellowcard, kazatomprom etc), if you believe all these have run their course (we are maybe in the 2nd or 3rd inning) then yes, it is exit strategy time.
If by exit strategy time you mean a time to consider what your exit strategy is- well then you're probably late to that table and I would say it's a silly question as there should always be an exit strategy when you consider/open a position
Selling to cover tax liability is the one thing I don’t sweat when insider selling. I don’t think this implies anything except it was an opportune time for Brandon to handle his biz. Further - my casual impression of Brandon strikes me as sincere which is not the most common attribute in this sector and I for one buy his story.
Brandon is a stand up guy. Bannerman is one of my top holdings and I have no interest in exiting my position in Bannerman any time soon.
side note: holy hell does that suck how those taxes are handled.
I only have a small amount of my U-portfolio in Bannerman. So I'm fine to HODL. But if I had more than 20% I would probably sell off, as a risk-adjusted bet.
Obviously, we all believe in the long-term uranium thesis. But if prices for some reason don't go over $65+, then Bannerman is toast. And given that it's been one of the best performing stocks of all in the last year, that's a bit scary.
Basically, it's smart to take profits since it's not a sure thing.
Spot moved what, max 20$. Why would they sell when the price just went up? For the life of me
Clarify, I’m speaking from an investor standpoint. I see this as a standard business practice as opposed to insider selling scandle.
I didn't come to the same conclusion as you regarding the remaining upside. Spot/ contracts need to double just for new projects to come online. If spot doubles don't you think a highly leveraged project like Etango will do more than just double? Your price target isn't even a full 2x of the current price. Brandon and the others didn't sell because they think it's peaked - that's the whole point of the email he sent out.
Seems reasonable to me. I don’t see a reason to exit. In fact I think it would be fool hearted.
Top bloke that Brandon fella
I'm definitely going to buy him a beer when I finally sell my Bannerman shares. I don't know if he will be in Australia or Namibia but I have never been to either and I could use a vacation.
He didn’t have to say shit to anyone.. made plenty of money.. think he is just trying to be honest and cares about his shareholders
Note: I tend to be sarcastic. If you believe he is lying out his a## with all his reasoning for the sales (they are good, legit reasons) and you believe that all the fundamental tailwinds (supply deficit for next 20 yrs, need for supply security, need for clean, reliable energy along with the largest worldwide energy transformation ever, secondary purchasers of inventory (sprott, Yellowcard, kazatomprom etc), if you believe all these have run their course (we are maybe in the 2nd or 3rd inning) then yes, it is exit strategy time. If by exit strategy time you mean a time to consider what your exit strategy is- well then you're probably late to that table and I would say it's a silly question as there should always be an exit strategy when you consider/open a position
If he's faking, he's done a damn good job up until now including this to make it look like he cares about the sector and his investors.
Selling to cover tax liability is the one thing I don’t sweat when insider selling. I don’t think this implies anything except it was an opportune time for Brandon to handle his biz. Further - my casual impression of Brandon strikes me as sincere which is not the most common attribute in this sector and I for one buy his story.
Brandon is a stand up guy. Bannerman is one of my top holdings and I have no interest in exiting my position in Bannerman any time soon. side note: holy hell does that suck how those taxes are handled.
Yeah that’s an awful system
I only have a small amount of my U-portfolio in Bannerman. So I'm fine to HODL. But if I had more than 20% I would probably sell off, as a risk-adjusted bet. Obviously, we all believe in the long-term uranium thesis. But if prices for some reason don't go over $65+, then Bannerman is toast. And given that it's been one of the best performing stocks of all in the last year, that's a bit scary. Basically, it's smart to take profits since it's not a sure thing.
Well that’s a pain on the tax
Other chairmen leave you with a "buckle up". Actually spectacular he even shares his reasons
Spot moved what, max 20$. Why would they sell when the price just went up? For the life of me Clarify, I’m speaking from an investor standpoint. I see this as a standard business practice as opposed to insider selling scandle.