Financial News, Analysis and Data, FNArena

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Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul>
<li>Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions</li>
</ul>


Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions


Rudi's View: CBA, Life360, ResMed, Zip & More

External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

External broker reports(aggregated public sources)

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<div><ul><li>BMN continues to make steady progress at its flagship 3.5Mlb/y Etango-8 development in Namibia and continues to target a positive FID in 2025.</li><li>We retain our SPEC BUY rating and $4.33 price target.</li><li>FEED completed... BMN has tightened its estimation accuracy to +/-10% (from DFS +/-15%) with offers received from competitive tender for over 80% of the total Etango-8 capital costs ($353.5mn). </li></ul></div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BMN continues to make steady progress at its flagship 3.5Mlb/y Etango-8 development in Namibia and continues to target a positive FID in 2025.We retain our SPEC BUY rating and $4.33 price target.FEED completed... BMN has tightened its estimation accuracy to +/-10% (from DFS +/-15%) with offers received from competitive tender for over 80% of the total Etango-8 capital costs ($353.5mn). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - SepQ'24 - Measured Progress

<ul><li>BMN has provided an update for its Etango project, highlighting the completion of FEED and Control Budget Estimates (June), early works for the construction of the water supply and site access (July) and ongoing progress with contracts/awards.</li><li>Importantly, the bulk earthworks contract has been awarded and is targeted as a 24-month contract, placing it in line with the company's critical path schedule.</li><li>Included within the update BMN has expanded its projected window for FID and is targeting a positive decision in 2025.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BMN has provided an update for its Etango project, highlighting the completion of FEED and Control Budget Estimates (June), early works for the construction of the water supply and site access (July) and ongoing progress with contracts/awards.Importantly, the bulk earthworks contract has been awarded and is targeted as a 24-month contract, placing it in line with the company's critical path schedule.Included within the update BMN has expanded its projected window for FID and is targeting a positive decision in 2025.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - Etango Project Update

<ul><li>BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.</li><li>Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.</li><li>The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus

<ul><li>BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.</li><li>Through this process BMN has refreshed its costs and refined the projects scope in an effort to improve process robustness (increased water storage and surge capacity, etc.).</li><li>All up capital costs have only increased by 11% to US$354mn as inflation impacts were partially offset by forex benefits.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.Through this process BMN has refreshed its costs and refined the projects scope in an effort to improve process robustness (increased water storage and surge capacity, etc.).All up capital costs have only increased by 11% to US$354mn as inflation impacts were partially offset by forex benefits.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - FEED Delivered, Focus on Strategic Financing

Australia

Bannerman Resources Ltd. explores for uranium in Australia and Africa.

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Bannerman Resources (BMN AU)

Rudi's View: CBA, Life360, ResMed, Zip & More

Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions

FNArena

Bannerman Energy Ltd - SepQ'24 - Measured Progress

BMN continues to make steady progress at its flagship 3.5Mlb/y Etango-8 development in Namibia and continues to target a positive FID in 2025.

Canaccord Genuity

Bannerman Energy Ltd - Etango Project Update

BMN has provided an update for its Etango project, highlighting the completion of FEED and Control Budget Estimates (June), early works for the...

Canaccord Genuity

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus

BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.

Canaccord Genuity

Bannerman Energy Ltd - FEED Delivered, Focus on Strategic Financing

BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.

Canaccord Genuity

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