FFR - Firefly Resources

[big sal]

Re: BMY - Brumby Resources

down in the crapper like everything else, but any positive drill results/news and the current sellers in the .16 - .24 range (under 200K units available @ 3.30pm 2day) would be knocked out quickly and then the next seller sits at .33, so any rise should be as fast as the recent falls

 

[tigerboi]

Re: BMY i missed the run to 38c

ah back at my fav ol brumby didnt take up the frances furness option,known it since IGO handballed it to them for the float...
now the tiger is waiting to pounce on some much more...tb

 

[spectrumchaser]

Re: BMY - Brumby Resources

Hope BMY drilling turns up some decent Manganese .Spitfire
drilling hasn't found much yet.

BHPs financial returns from Manganese for the last finanicial year
are outstanding !!from BHP Preliminary Final Report 18/08/2008 Y/E 30 June 2008

Iron Ore + 69.8%
Petroleum + 82.1%
Coal + 119.8%
Manganese + 549.8%

Manganese
Underlying EBIT was US$1,644 million, a significant increase of US$1,391 million or 549.8 per cent compared to the year ended 30 June 2007. This increase was mainly due to higher sales prices achieved for alloy and ore as well as record manganese ore and alloy sales volumes.
Manganese alloy production at 775,000 tonnes was 5.9 per cent higher than the previous year mainly as a result of operating efficiencies at the alloy plants and reduced down time for major rebuilds. Production was slightly offset by Metalloys Plant (South Africa) operating at lower levels to comply with the mandatory reduction in power consumption. Manganese ore production was 6.6 million tonnes, an increase of 9.4 per cent compared to the corresponding period. Both were production records.

 

[tigerboi]

Re: BMY-goldsworthy drilling is their pay dirt

with the manganese spitfire are south of the omh mine & brumby are north of it, i reckon goldsworthy is the biggie for brumby,once the drill results start coming out we should see some support,still think bmy's turn wont come until around christmas.

anyone want to know more about frances furness(bmy where never going to take up the option)go check out IGO reports around march 04 or 05 i think...tb

 

[tigerboi]

Brumby Resources 10c

i just love it when the fair weather punters panic,my only problem is i cant get enough BMYat the price i want...havent seen 10c since last october...tb

 

[wantcash]

Re: BMY - Brumby Resources

I presume we should see some results for Pardoo, Goldsworthy and Bootu Creek out soon now.
However, in the meantime this is an excellent opportunity to top up with what I believe is a quality stock.

 

[big sal]

Re: BMY - Brumby Resources

positive results for other companies (AGO, JMS, AQD) has done little recently in lifting their share prices, but agree, hopefully some drill results not too far away. on 7 october atlas iron (AGO) announced further exploration success at its pardoo iron ore project, being just 75 km east of port headland. looking at the maps BMY's goldsworthy project seems close by which is hopefully a positive!

 

[big sal]

Re: BMY - Brumby Resources

The Brumby giant has gone into hibernation (at least for 2008) mainly to conserve cash and because of the wet season (see quarterly report to 30 Sep 08 / announcement 24/10/08). In this present climate, the company has in my opinion taken the best course.

Hopefully it will awaken in 2009 when the share market storm starts to settle – here’s hoping anyway. Given BMY’s potential with its IO and manganese projects and given it is early days for them which doesn’t compel them down a definite path in the short term, it could emerge from this whole mess in a better position than the likes of AGO and MGX (who have both been hit hard recently and have IO which no-one wants) and also FRS, GBG and BCI. By the time BMY gets some decent drilling underway (hopefully the first half of 2009) everything will hopefully have returned to some normality, and by the time it starts production years down the track then demand /prices will be on the up again - right!?

I will continue to hold BMY and look forward now to 2009 and beyond. What about others? Does anyone see another company circling BMY as a potential acquisition given the land positioning of its projects and potential?

In the meantime .06c for BMY seems a bargain as with many other shares, but the difficulty is finding spare $$. I recently bought some SPI Spitfire (manganese prospective) at .06c and SPI presently sits back up at about .12c

 

[tigerboi]

Re: BMY,time to load up

ill be taking the opportunity in the coming months to get myself into the top 20,mad not to at these prices.cash no probs just dont get much time lately & can never get the amount i want without sending it much higher.i love this stock & believe in the team they have...tb

 

[prawn_86]

Re: BMY - Brumby Resources

TB,

Dont you think its a bit hypocritical to drag up old posts in the BNB thread to say "i told you so" and then say how fantastic BMY is, even though it too has dropped over 80% like BNB.

I know they are not in the same industry etc, it just seems to me like you are picking and choosing certain things to try and make yourself look better.

 

[tigerboi]

Re: BMY - Brumby Resources

nah not even close see i still hold bmy unlike bnb which is rubbish full of debt,
the comparision is not even worthwhile...bmy a miner bnb a ponzi......tb

 

[prawn_86]

Re: BMY - Brumby Resources

Well BNB at least paid out divvies along the way, even though the 'earnings' are now very suspect.

BMY is an explorer not a miner, and if it never gets a mine happening (which most explorers dont), then it will eventually have to dilute its way down to zero.

Thats the last i will say on it so as to not derail this thread

 

[tigerboi]

Re: BMY - Brumby Resources

correction explorer bmy is,im buying in this enviroment while others are wetting themselves ive ridden bmy into the high 30's twice & still hold without a care in the world even at 6c...its a good opportunity for the next leg up in the future.

as for paying divvies while owing a squillion just got to look at the current position...very poorly run business doing it all on tick...quickest way to go broke...tb

 

[Tukker]

Re: BMY - Brumby Resources

2.2mil in the bank spending 500k a quarter, they are gonna slow down on any new drilling during the wet months of Dec - March. Some results expected in Dec. 3.3 mil market cap undiluted. I don't think they have enough cash to get them through to sunny days again. Hope I'm wrong.

 

[wantcash]

Re: BMY - Brumby Resources

Tukker,

What are your thoughts on bmy assuming they dont have enough cash to lie low for the long term. I suspect that once they are able to confirm some of the resources they will probably be of interest to others such as ago, in the meantime there is no point in other companies taking risk with bmy while bmy have enough cash to confirm the results of their exploration during the last year. Once we see some results I suspect bmy will have strong interest again meaning now is a good time to top up.

 

[Tukker]

Re: BMY - Brumby Resources

Tukker,

What are your thoughts on bmy assuming they dont have enough cash to lie low for the long term. I suspect that once they are able to confirm some of the resources they will probably be of interest to others such as ago, in the meantime there is no point in other companies taking risk with bmy while bmy have enough cash to confirm the results of their exploration during the last year. Once we see some results I suspect bmy will have strong interest again meaning now is a good time to top up.

I have no idea, there sure are a lot more attractive companies out there which are better capitalized, but I have no idea what the future will see in BMY once the dust from the credit crunch finally settles. See what happens in December.

 

[adobee]

Re: BMY - Brumby Resources

Tukker,

What are your thoughts on bmy assuming they dont have enough cash to lie low for the long term. I suspect that once they are able to confirm some of the resources they will probably be of interest to others such as ago, in the meantime there is no point in other companies taking risk with bmy while bmy have enough cash to confirm the results of their exploration during the last year. Once we see some results I suspect bmy will have strong interest again meaning now is a good time to top up.

I think AGO will have there eyes on BMY too but not until AGO has an agreement signed for their own resource to be purchased. I have moved out off BMY into AGO as I think they can survive the long term BMY could be here today gone tomorrow... Fingers crossed for a deal before Christmas and then a BMY acquistion..

 

[wantcash]

Re: BMY - Brumby Resources

Although it is quite easy in this market to point out any downside I think it is important to remeber that bmy is not necessarily in such a bad position. They should be sitting on a reasonable resource (which just requires further confirmation from the drill results) Once the resource is confirmed bmy will quite possibly become of interest to the likes of ago and bhp.
Also, keep in mind that there is approx $13,000 in shares separating the share price from 0.06 to 0.15 (where it spent the best part of the first half of 2008 prior to the stocks last spike) and about $20,000 in shares separating the share price from 0.06 to 0.20. - it wont take too much to impact on the share price, especially if there is any interest in the resource from other companies.

 

[rob]

Re: BMY - Brumby Resources

correction explorer bmy is,im buying in this enviroment while others are wetting themselves ive ridden bmy into the high 30's twice & still hold without a care in the world even at 6c...its a good opportunity for the next leg up in the future.

as for paying divvies while owing a squillion just got to look at the current position...very poorly run business doing it all on tick...quickest way to go broke...tb

hi tiger its been a few months since i have been back on ths thread and nice to see interest still here for me ol brumby, i to have had the highs and lows and have continually bought on the way down never thought i would have put that much on this miner but i continually read the threads and old announcments and it still puts a smile on my face when all this worrying and nervousness is gone it will rise again bigger and better and it will all be worth while hanging in their, have a happy christmas all cheers

 

[tigerboi]

Re: BMY - Brumby Resources

i see the neighbour AGO announced they have 2b mag fe at ridley...ho hum go check out what IGO estimate BMY has in the ground at goldsworthy!

ill be looking to buy lots more in the new year,the price fall hasnt got me bothered at all... all on low volume of the panic merchants...good opportunity to load up imo...tb