FFR - Firefly Resources

[Tukker]

Re: BMY - Brumby Resources

General working capital $707,885 ?

That iss more than the 3 proposed drilling explorations combined. They really need to break that down into more specifics.

I don't hold, but i hate it when the majority of funds obtained goes to elements non operation based.

 

[jancha]

Re: BMY - Brumby Resources

General working capital $707,885 ?

That iss more than the 3 proposed drilling explorations combined. They really need to break that down into more specifics.

I don't hold, but i hate it when the majority of funds obtained goes to elements non operation based.

Rights issued 1 for 2 shares held @ .05c. I personally wouldn't give them the time of day. They have never in the past kept share holders informed & when they have it's been dismal. I feel it's more about looking after the management and not the share holders.

 

[adobee]

Re: BMY - Brumby Resources

General working capital $707,885 at lease someone is getting paid ...

If someone could pick up those few options available at 4c it would really help make my portfolio look substanially better !!!! PLEASE !!!!

 

[adobee]

Re: BMY - Brumby Resources

Not even 50% of the share offering taken up ... ! Wonder Why ?!?!?

There is only one thing to do with a horse with a broken leg ...

 

[adobee]

Re: BMY - Brumby Resources

Brumy to commence drilling Bootu Creek North .. They had better push to get these results out pre 31 Jan 10 if they want to try and get the options over the line .. Options Very Cheap Now but huge risk on the results not being out or being rubbish...


Brumby Resources Limited (Brumby) (ASX: BMY) is pleased to announce that a programme of Reverse Circulation (RC) drilling commenced on 6 December 2009 at its Bootu Creek North manganese project in the Northern Territory.
This first pass drilling programme of approximately 2,500 metres is designed to test seven EM (electromagnetic) anomalies previously defined by Brumby in a helicopter supported geophysical survey.
The anomalies occur about 10 kilometres along strike from OM Holdings Bootu Creek open cut manganese mine. Brumby considers that these anomalies are situated within the same geological and structural setting to those hosting the OM Holdings manganese deposits. Brumby’s Bootu Creek North manganese project is located within the Bootu Creek manganese province, located approximately 125 kilometres north of Tennant Creek in
Australia’s Northern Territory. These EM targets are located within the western section of Brumby’s wholly-owned EL25354. This tenement covers an area of 78 square kilometres and is located mid-way between OM
Holdings’ Bootu Creek manganese mine to the south and the Helen Springs project area to the North – also held by OMH (refer to Fig 1).
Subject to weather conditions, it is anticipated that the drilling programme will take approximately two weeks to complete and assay results should be available in late January 2010.

 

[jancha]

Re: BMY - Brumby Resources

Brumy to commence drilling Bootu Creek North .. They had better push to get these results out pre 31 Jan 10 if they want to try and get the options over the line .. Options Very Cheap Now but huge risk on the results not being out or being rubbish...


Brumby Resources Limited (Brumby) (ASX: BMY) is pleased to announce that a programme of Reverse Circulation (RC) drilling commenced on 6 December 2009 at its Bootu Creek North manganese project in the Northern Territory.
This first pass drilling programme of approximately 2,500 metres is designed to test seven EM (electromagnetic) anomalies previously defined by Brumby in a helicopter supported geophysical survey.
The anomalies occur about 10 kilometres along strike from OM Holdings Bootu Creek open cut manganese mine. Brumby considers that these anomalies are situated within the same geological and structural setting to those hosting the OM Holdings manganese deposits. Brumby’s Bootu Creek North manganese project is located within the Bootu Creek manganese province, located approximately 125 kilometres north of Tennant Creek in
Australia’s Northern Territory. These EM targets are located within the western section of Brumby’s wholly-owned EL25354. This tenement covers an area of 78 square kilometres and is located mid-way between OM
Holdings’ Bootu Creek manganese mine to the south and the Helen Springs project area to the North – also held by OMH (refer to Fig 1).
Subject to weather conditions, it is anticipated that the drilling programme will take approximately two weeks to complete and assay results should be available in late January 2010.

Wonder what they'll come up with this time.
More buried trucks or bore water?
Personally i think they're running out of time & they've run their race.

 

[LeeTV]

Re: BMY - Brumby Resources

Wonder what they'll come up with this time.
More buried trucks or bore water?
Personally i think they're running out of time & they've run their race.

Every hole that is drilled is a new hole and a new result same goes for all explorers. I still have faith and await results. Hoping the rain holds off till they get the drilling done.

This tenement, although rather small compared to those around it, is sitting in a prime position between Sinosteel's tenement, OMH's open cut mine(right next door) and OMH's Helen Springs project. If they do hit some substantial grades hold on to your hats, toot toot and all that.

OMH have some pending drill results from Bootu Creek this month too, not sure of proximity to BMY's proposed site though.

 

[SM Junkie]

Re: BMY - Brumby Resources

Talk about flogging a dead horse. Location of tenement alone is not enough, surely the previous debarcle up at Pardoo proves that. Definately better places to park your money until Brumby can comes up with some success.

 

[jancha]

Re: BMY - Brumby Resources

Every hole that is drilled is a new hole and a new result same goes for all explorers. I still have faith and await results. Hoping the rain holds off till they get the drilling done.

This tenement, although rather small compared to those around it, is sitting in a prime position between Sinosteel's tenement, OMH's open cut mine(right next door) and OMH's Helen Springs project. If they do hit some substantial grades hold on to your hats, toot toot and all that.

OMH have some pending drill results from Bootu Creek this month too, not sure of proximity to BMY's proposed site though.

I would think they would have drilled their best prospects by now and without any results it does'nt give me any confidence in the team.
How did they go in their last capital raising? That would sum it up.

 

[adobee]

Re: BMY - Brumby Resources

If the results are there the share price will run.. if they are not.. then the directors will need to find a new job cause the wont be able to flog this horse for any more salaries and cap raisings..

I am surprised that the company hasnt been taken over by tiger boi as yet at these prices..

Anyway sitting on my options.. not point dumping them.. fingers crossed that if there is a result its before end of January ..not the day after..

 

[LeeTV]

Re: BMY - Brumby Resources

I would think they would have drilled their best prospects by now and without any results it does'nt give me any confidence in the team.
How did they go in their last capital raising? That would sum it up.

Number of securities available under the Entitlement Issue: 31,657,703 shares
Number of securities taken up: 12,640,363 shares
Shortfall: 19,017,340 shares

I took up my full entitlement at 5c and the sp is currently trading at 7c so more than happy with that. Anyone that didn't take up the offer would have missed out on a substantial gain. I agree, and it's fairly obvious, that the last drill projects/results have been duds but that's part and parcel with exploration specs no matter who you put your money with, look at FUT today. I am close to free carried with BMY so will await this next project and results with some optimism.

There must be some news due on the Goldsworthy project any time now too. From the Sept 2009 Quarterly:

Goldsworthy Project (100% Brumby Fe /JV earning 75% other minerals)
On 15th October Brumby mobilised a drill rig to site and commenced the drilling of the larger western target. One inclined pre collar 300 metre NQ diamond hole will be completed, which is designed to drill through the centre of the large circular shaped previously undrilled coincident ground magnetic-gravity anomaly (refer to Figure 6).
The drilling programme is expected to take approximately four weeks and analytical results should be available approximately six weeks after the completion of drilling.

 

[tigerboi]

Re: BMY - Brumby Resources

I am surprised that the company hasnt been taken over by tiger boi as yet at these prices..

be patient dobee i cant carry the country & run brumby...YET...id like it a bit more cheaper.
recently ive been buying up domain names of transport companies that havent got a website.so im there for this horse.just very busy...TB

 

[Bigukraine]

Re: BMY - Brumby Resources

If the results are there the share price will run.. if they are not.. then the directors will need to find a new job cause the wont be able to flog this horse for any more salaries and cap raisings..

I am surprised that the company hasnt been taken over by tiger boi as yet at these prices..

Anyway sitting on my options.. not point dumping them.. fingers crossed that if there is a result its before end of January ..not the day after..

and flying down the out side the 100-1 shot has won buy a nose good luck on your oppies adobee and keep flogging the nag:holysheep::horse:

 

[adobee]

Re: BMY - Brumby Resources

Still needs to move a fair bit to get these options cracking.. but hec its the biggest volume since ever so it may get on some radars ... are there results for any more holes due ? ? I would expect they may drop another bomb week or so before option expiry... I will jump on the BMY ship now too to help push it up .. (and for the profits)..

 

[adobee]

Re: BMY - Brumby Resources

You would think BMY has to be coming up on the radar of Atlas now. .. would have they held back these results so atlas goes for Warrick instead ... need to check what sort of cash atlas is still holding .. dont know what Independence Group & Faustus would think of it though ..

 

[adobee]

Re: BMY - Brumby Resources

Still needs to move a fair bit to get these options cracking.. but hec its the biggest volume since ever so it may get on some radars ... are there results for any more holes due ? ? I would expect they may drop another bomb week or so before option expiry... I will jump on the BMY ship now too to help push it up .. (and for the profits)..

In answer to my question .. YES MORE DRILL RESULTS DUE OVER NEXT 10 DAYS WOULD BE EXPECT ..

Brumbys Bootu Creek North manganese project is located within the Bootu Creek manganese province, located approximately 125 kilometres north of Tennant Creek in Australias Northern Territory.
These EM targets are located within the western section of Brumbys wholly-owned EL25354. This tenement covers an area of 78 square kilometres and is located mid-way between OM Holdings Bootu Creek manganese mine to the south and the Helen Springs project area to the North also held by OMH (refer to Fig 1). Subject to weather conditions, it is anticipated that the drilling programme will take approximately two weeks to complete and assay results should be available in late January 2010."

 

[Bigukraine]

Re: BMY - Brumby Resources

In answer to my question .. YES MORE DRILL RESULTS DUE OVER NEXT 10 DAYS WOULD BE EXPECT ..

Brumbys Bootu Creek North manganese project is located within the Bootu Creek manganese province, located approximately 125 kilometres north of Tennant Creek in Australias Northern Territory.
These EM targets are located within the western section of Brumbys wholly-owned EL25354. This tenement covers an area of 78 square kilometres and is located mid-way between OM Holdings Bootu Creek manganese mine to the south and the Helen Springs project area to the North also held by OMH (refer to Fig 1). Subject to weather conditions, it is anticipated that the drilling programme will take approximately two weeks to complete and assay results should be available in late January 2010."

hi adobee'
Hindsight is a wonderfull thing but the taking up of the rights issue by the directors( on the 19th nov ann )should of been a "follow the leader" lead imho
but got burnt once by this share so gave it a miss. Just to add a news item came across saying that iron ore price will be up 50% 2010-11 (got to learn to cut and paste info) so your takeover comments might have some substance. Anyway good luck because this is their last chance to get it right imo.

 

[LeeTV]

Re: BMY - Brumby Resources

In answer to my question .. YES MORE DRILL RESULTS DUE OVER NEXT 10 DAYS WOULD BE EXPECT ..

Brumbys Bootu Creek North manganese project is located within the Bootu Creek manganese province, located approximately 125 kilometres north of Tennant Creek in Australias Northern Territory.
These EM targets are located within the western section of Brumbys wholly-owned EL25354. This tenement covers an area of 78 square kilometres and is located mid-way between OM Holdings Bootu Creek manganese mine to the south and the Helen Springs project area to the North also held by OMH (refer to Fig 1). Subject to weather conditions, it is anticipated that the drilling programme will take approximately two weeks to complete and assay results should be available in late January 2010."

Optimism paid off. Bootu Creek is now the key for the sp to really motor or stall on the back of this Goldsworthy project. At least they now have a good project which can be revisited for futher drilling and is in close proximity to existing infrastructure and more importantly 13k's from AGO's project.

 

[adobee]

Re: BMY - Brumby Resources

Well I will continue to pick these up I am sure that they will want to get Bootu Creek results out within the next ten days before the option expiry to give this another pump..

 

[adobee]

Re: BMY - Brumby Resources

"HEM SURVEY DELINEATES 10 MANGANESE TARGETS AT
OAKOVER PROJECT, WA"

Bit more news out today.. but that wont be enough to pump this one up .. need the results ...