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BCI - BCI Minerals

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LifeisShort

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20 November 2006
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New float being listed tomorrow. Spin off from Alkane tenements and ConsMin tenements. The tenements lie around Fortescue Metals iron ore ground. These iron tenements look very promising at first glance. Drilling to begin in March. Closed early heavily oversubscribed. Will be interesting how life begins for this one. We know what happened to other iron ore listed companies recently. Anyone else lucky enough to pick up some shares or know anymore about this stock?
 
If it opens at 30c then I'm buying more of them suckers. Impressive list of top 20 shareholders.
 
Just keeps rising. Hit a high of 72c. If anyone has a look at their tenements and surrounding neighbours you'd go wow, FMG, RIO & BHP. It has to settle somewhere but there are no sellers so might be a while yet before it settles. Then again Xmas is upon us.
 
Dave31 said:
Seller at $1
Buyer at $0.30
Click to expand...

You are almost there Dave. Hasn't taken long. The stock has strong support and hasn't yet seen a down day since listing. Almost a 4 fold increase from listing price. I'm still holding until drilling begins in new year. Any others been following this one?

I have a resdearch doc from DJ Carmichael on this if anyone is interested but its too large to upload on here do message me and I'll email it to you.
 
Any ideas why this is suddenly dropping like a stone???? It droped 25% yesterday and down 20% today. Judging by the drill results this might be a good buy opportunity. Would love to hear other people's thoughts....Cheers WS
 
Apologies for my mistake in the last post, was up 120% for the month, not 220%. Now only up 38% for the month. The only place I've seen any comment on this is at Hotcopper. Seems this was one of their lower grade drill areas so the lower results (ie, only 2m depth of ore) was to be expected. Seems some people that had bought it up to $2 were expecting more though.

I got burnt badly on this as I thought it was a decent result, but the market didn't.
 
i thought the drill results were quite poor

very small intersections and lowish grade

take a look at GBG for some huge intersections
 
I will take a look at GBG.
There was still a reasonable number of buys (700k) today of BCI so hopefully it has stopped bleeding for now....
 
Golly, this is looking average.

Not getting much airplay, for a reason.

Maiden resource estimate seemed to be OK, but it's just kept falling.

Could be because the overall market has been pretty ordinary, or you just don't want to get involved with anything our old mate Chris ramps. The list is getting long these days. LOL
 

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Gee thats harsh bro'

Looks to be good value atm with >40MT JORC and cash.
Something else (diversification) to support the value would have me looking very closely @ these guys.
Presently first (alphabetically) on the watchlist.
 
Morning all,

50% up in 10 days Kenna's can't complain about that mate

Solid break on the chart.

Should've bought on instinct
 
Hi jtb,

They are looking very good.

They have the MOU with FMG for Rail Access.
Plus, they have recently joined the i/O Alliance
comprising of Brockman - Atlas and Ferrs Australia.

Appear to be pushing the right buttons at the right time.

Being a tightly held stock would also have helped push the price up recently.

I mentioned them last night in Breakout Alerts.
Unfortunately, my post was deleted as i did not post a chart

Hopefully a few will have checked them out this morning before they ran.

Cheers markcoinoz
 

nice timing kennas it has risen exponentially since your posting....will have to watch for your next stock kicking...much like ADI at 20c?
 
Markcoinoz said:
I mentioned them last night in Breakout Alerts.
Unfortunately, my post was deleted as i did not post a chart
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G'day Mark (nice avatar, you related to Kenna's?)

Yeah the third bounce off 90c support is what had me interested, had a rising buy in for 1.00 but closed it out a smidge too early

Good on you
 

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jtb said:
G'day Mark (nice avatar, you related to Kenna's?)

Yeah the third bounce off 90c support is what had me interested, had a rising buy in for 1.00 but closed it out a smidge too early

Good on you
Click to expand...

Hi jtb,

Nope!! Our avatars are slightly different.

However, Kenna's obviously has good taste

Judging by the good I/O junior plays, many are breaking out.

UMC has also had a good run today.

Monday looks like it might be a continuation.

Enjoy your weekend.

Cheers markcoinoz
 
Broadside said:
nice timing kennas it has risen exponentially since your posting....will have to watch for your next stock kicking...much like ADI at 20c?
Click to expand...
Hi BS! Both stocks were heading downhill at that time, unless you think otherwise..... did you think they were going up? And I actually called the turnaround in ADI.

Both stocks are still way off their highs from when they were actively promoted by members here, but seem to be recovering well. Great stuff. If I hadn't been in the middle of no where the past 4 weeks I may have even traded them. Good luck to all holders.

Must say, they both seem to be off the highs of where people were saying they were good value. Perhaps that's just the general markets fault though.

All depends on time frames of expected return too of course!
 
Anyone want to explain why its a had a sudden increase in price lately even if it was down 10% today.

Thanks
 
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