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Bannerman 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: $0.04

Market: ASX
Market Cap: $42.71 m
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Watch

Bannerman highlights improving sentiment in uranium market

Brandon Munro, chief executive officer at Bannerman Resources (ASX:BMN), talks about improving uranium market conditions and sentiment and the progress the company is making at the Etango uranium project in Namibia.

on 13/1/17

2 min read