logo-loader
viewBannerman Resources Ltd

Bannerman Resources well positioned to leverage nuclear sector recovery

Bannerman Resources Ltd (ASX:BMN; NSX:BMN) managing director Brandon Munro updates Proactive Investors on the uranium development company’s position in a deepening deficit within the nuclear sector.

“We’ve had a series of systemic supply disruptions and we’ve now got a sector that’s moved from almost a decade of surplus into quite a deep deficit this year,” Munro says.

He continues, “there is some inventory that need to be worked through, but we’ve seen not only that inventory shrinking but we’re seeing an awful lot of physical buying coming from financial investors.

“Bannerman is tremendously well positioned … our coffers are full, we’ve got a lot of financial discipline in the company so that gives a lot of runway to see this sector recovery all the way through.”

Quick facts: Bannerman Resources Ltd

Price: 0.032 AUD

ASX:BMN
Market: ASX
Market Cap: $33.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bannerman Resources Ltd named herein, including the promotion by the Company of Bannerman Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Impact of coronavirus on speciality metals 'about to bite' as China industry...

Commodity strategist and chairman of Critical Metals Plc Christopher Ecclestone gives his view on the impact he's expecting coronavirus to have on China as far as imports and exports. ''The effect so far has been limited but it's about to start to bite because with all of these speciality...

7 hours, 40 minutes ago

2 min read