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BMR - Ballymore Resources

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Nice, BMR up 20% @ 0.15 but now it's increasing unlikely I'll get my 12 Sept bid @ 0.12 filled, so still down on my purchase.

Look at that huge hunk of magnetism 3D modelled on results from a helicopter borne survey.
Right below (400m down) the tiny looking high grade Dittmer gold mine and reinforcing their theory that there's a feeder pipe and a porphyry deposit down there .. nom nom, nom. This feeling of hopeful anticipation is why I keep getting sickly sucked into exploration specs.

Held @ 18c

 
The sickness prevails - met the offer for 20,000 more @ 0.15

Held
 
I went looking for insights on 'another' forum after the recent announcement with the magnetic image modeled below the old Dittmer mine.
Credit where credit's due.

Poster #1
This could get very interesting!!

Poster #2
That looks impressive!

Poster #3
Well would you look at that! Like a big....err....something....reaching up from the earth!
 
From back in April, interview with the technical director. Implying option of shorter term 3rd party mining and processing of the Dittmer offset Duffer lode closely accessible 30m away from the rehabilitated old Dittmer mine. They have a still live mining lease covering it. But as he said back then, main game is a multi-million oz deeper Porphyry for which they now have a magnetic indication. Also said the higher grade offset Duffer lode has excellent strike potential of at least 2kms derived from a surface soil geochem survey. Has had no drilling and there are other geochem indicated structures as well.

 
Dear Diary, Bid in for 20,000 @ 0.135

Held
Tradeable to lower average
 
Filled on that bid @ 0.135 this morning.
Am leaving the old bid @ 0.12 sitting.
Surprised to see so little interest in it against the backdrop of the rising gold price? Guess it has plenty of competition in its class of explorers with little more than a story.
Tantalizing prospects, particularly the magnetic target at depth beneath the old Dittmer mine but I am usually wrong with goldie specs.

Held
LIkely trade

 
Bit of volume entering BMR over two days, up 14% at luncheon. A few might want in before drilling of that big magnetising thingo beneath the old Dittmer mine (never been drilled is my understanding). Surprisingly I got a part fill on a 0.12 sleeper bid but only 5,000 shares of 20,000.

Held
Tradeable to free carry



 
It's an impressive looking target.

Had thought the increase volume may have been results from Dittmer surface drilling or Day Dawn.

Either way, just good to see some sort of volume, it's been quiet.



 
houtman said:
Had thought the increase volume may have been results from Dittmer surface drilling or Day Dawn.
Click to expand...
Oh right houtman, awaited drill assays looks more likely the cause of blip in volume. I haven't really kept up and a bit dazzled by that magnetic target.
I sound like a ramper.
 
So after more than two months from 12 Sept, my low-ball bid for 20,000 @ 0.12 filled with a third and final tranche yesterday.
And today .. someone dumps @ 0.115.
Looked around for some commentable news - none.

Held
Tradeable

DAILY
 
Very little bidding interest in this one and volume of 218k shares has dropped the price 16% to 0.13

Probably foolishly having another nibble for 20,000 shares @ 0.13. Gazumped the queue . Hardly a chart decision as 0.125 looks quite likely. I have an old sitting bid in @ 0.115. Those following it know how illiquid it is and how small volumes can cause big swings either way. Went back over the posts here and the story still has allure for me, although I am usually wrong! Also goes against my plan to hoard cash as I am constantly expecting a crash and Felix Zulauf has reaffirmed he's expecting a big plunge in USA in first Qtr cal 2025 - imagine how that would hit cash burning explorer specs.

Held
Accumulating, but if lucky will reduce on a decent spike

DAILY
 
Dear diary,
Took 5 days and once again three tranches to get finally filled today @ 0.13.
Sitting bid still in @ 0.115
Dear diary, when will management drill that humungous magnetic blob below Dittmer? Hope I'm not being over technical.

Held
Tradeable
 
An old clip from a year ago. One striking comment at 3.40 about how when past mining they hand sorted for high grade and ignored the peripheral ore that grades at avg 6g/t. This was disposed of as backfill and would be accessible when mining new stopes.
Also the comments about how soil sampling suggests the Duffer 'lost lode' extends out to another 2 kms and is likely intersected by other lodes of 1km strike. He claims that this is prospective of a large gold system that could rank with Ravenswood. Hmm.. getting sucked in again? We know he's getting paid, lol. Anyway, interesting vid.

Held

 
They'll be doing a deep hole through 'Jaws' - the huge lurking magnetic blob in uncharted depths below the Dittmer mine. See posted above a conceptual diagram. They have hopes of a porphyry. Less speculatively, they'll also be doing a 2,000m diamond drill campaign in the near Dittmer mine area which should be enough for a maiden MRE they say.

Held
Been adding @ 11.5c from an incomplete bid



 
Disappointing results for Day Dawn and Cedar ridge.

Looking on the bright side, at least it should narrow their focus to Dittmer only.

No results as yet for the previous Dittmer drilling either.

Still holding.
 
Well, February is when they have said they'll be startng the drilling beneath the Dittmer mIne, including a deep hole to investigate the massive magnetic feature that they hope is a mineralised porphyry pipe and the feeder of the high grade mine above - my understanding. I'm mildly excited by this and targeting a modest Div 2 or 3 Lotto win. I've taken in many times before though by hobbyist geologists adventuring on my dime.

Held
Part tradeable

Just watched this vid made 3 months ago:

 
Bid finally filled @ 11.5c. Took over a month of part fills.
Having a buying frenzy.

Held
Part tradeable
 
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