BMX - BeMax Resources

[zoo]

bmx

http://www.barrierminer.com.au/archives/BM2006-04-28.pdf

Page 52 gives a good common sense approach to bmx. A good site to keep up to date on any bmx news.

Cheers

 

[RichKid]

Re: bmx

http://www.barrierminer.com.au/archives/BM2006-04-28.pdf

Page 52 gives a good common sense approach to bmx. A good site to keep up to date on any bmx news.

Cheers

Thanks Pete, that was a good read, nice to get an eye into the local scene too.
I've been doing a bit of general research on BMX, this broker report is the latest that I've seen, it's probably been on the BMX website for awhile: http://www.bemax.com.au/RBCCapMarkets0206.pdf

Looks like the next big event will be the upgrade to resource status of the Snapper deposit later in the year, base valuation was 45c so we are well within the comfort zone, especially as they were accounting for commissioning risk- which is now gone.

Does anyone know what Fat Prophets think of BMX atm?

All in all it looks like it may be a bit quiet for the moment, maybe ranging for a few months? Does anyone see any reason why it should move up strongly in the next month or two, most major target are medium to longterm, certainly a good one for those longterm holders. I couldn't find any price charts for the main minerals that BMX deals in but apparently prices are expected to hold or increase. Please post some charts for ilmenite, zircon etc if you know where to find em- I don't.

 

[Duckman#72]

Re: bmx

I couldn't find any price charts for the main minerals that BMX deals in but apparently prices are expected to hold or increase. Please post some charts for ilmenite, zircon etc if you know where to find em- I don't.

Hi Rich

On the front page of the Business section of The Australian there was an article about resource prices with the heading..."Commodities Collapse Tipped".

Anyway they had a graphic showing different resources (tin,silver,alumina etc) and the % fall they would currently need to meet the long term average. Every mineral was over the long term average except two - yep, you guessed it - Rutile and Ilmenite.They actually have to gain 10% before they reach their long term avarge price!! And for good measure Zircon was not very far up the list (20% over long term average).

Duckman

 

[RichKid]

Re: bmx

Hi Rich

On the front page of the Business section of The Australian there was an article about resource prices with the heading..."Commodities Collapse Tipped".

Anyway they had a graphic showing different resources (tin,silver,alumina etc) and the % fall they would currently need to meet the long term average. Every mineral was over the long term average except two - yep, you guessed it - Rutile and Ilmenite.They actually have to gain 10% before they reach their long term avarge price!! And for good measure Zircon was not very far up the list (20% over long term average).

Duckman

Thanks Duckman,
Do you have a link to the graphs? or a scan? If not that's ok, I couldn't find it.

 

[Duckman#72]

Re: bmx

Thanks Duckman,
Do you have a link to the graphs? or a scan? If not that's ok, I couldn't find it.

Sorry Rich - it was in yesterday's Australian - not todays.
Try this link - although I'm not sure it comes up with the graphic.
http://www.theaustralian.news.com.au/story/0,20867,18995710-643,00.html

If it doesn't work - go to google and type in Andrew Trouson (author) Commodities Collapse - should take you straight there.

Cheers
Duckman

 

[RichKid]

Re: bmx

Sorry Rich - it was in yesterday's Australian - not todays.
Try this link - although I'm not sure it comes up with the graphic.
http://www.theaustralian.news.com.au/story/0,20867,18995710-643,00.html

If it doesn't work - go to google and type in Andrew Trouson (author) Commodities Collapse - should take you straight there.

Cheers
Duckman

Thanks Duckman, I think I read that but didn't realise it had a graph, they never publish the charts online, I'll track down a hardcopy.

 

[RichKid]

This looks like an intermediate wave 4 correction (or at worst a major w2 unfolding slowly) to my inexperienced eye, waiting for it to start impulsing again. Guess no news means people sell, a lot of these speccies just drift after some big event is out of the way. Good thing is volume hasn't really been huge- but now that I've said that it may change! Not that it matters, a correction is a correction.
Certainly some buying at these levels (see tails) but it's early days yet so we may go lower.

 

[Bobby]

Yuk todays close is a worry.

Must be some CFD shorters involved in this slide.

Bob.

 

[chicken]

Yuk todays close is a worry.

Must be some CFD shorters involved in this slide.

Bob.

I have a large holding in this at 39cents...Patience is needed....but we will see action in the next 3 months....I CAN WAIT....like MGX....the big boys are shaking the tree......and the once who are pillow biters as some one called them will be shaken out..I am looking to buy more as BMX would make a great TO target.....Crystall who own 244million shares are not worried....they also wait but could sell to a company who wants this group...BMX said they would become the worlds largest Taitanium producer....now that when they get there will fire this SP in the meantime...wait...patience

 

[Knobby22]

I bought mine at 14c. I expect it will be a few more months before we get some announcements.
I expect the price will continue to drop till for at least another month, maybe 2. If the price gets to 28 -30c range which appears to be a support level, I will buy more.

 

[chicken]

I bought mine at 14c. I expect it will be a few more months before we get some announcements.
I expect the price will continue to drop till for at least another month, maybe 2. If the price gets to 28 -30c range which appears to be a support level, I will buy more.

I think Knobby you are dreaming...34.5c was the support....starting to move up again..Knobby check your chart as this is now a company with PRODUCTION..in both camps as far as what you paid..now I paid 10cents for StBarbera Mines now 75cents....so what you paid for then you will never buy them again for that price....I rest my case

 

[Knobby22]

"Tell him his dreamin"

I'm meant to sat that as I'm offering to buy! ("The Castle").

Oh well, if you are right and I miss out I won't be too upset, however never doubt the market can be irrational. I agree that it would be a massive bargain at 28c as the company is definitely worth more.

 

[zoo]

I had 34c target then 32.5....nice little bounce up BUT it looked like a buyer on the sidelines hit it for 120,000 shares causing the spike, will be watching to see where it finishes but I dont feel a strong push up in sp anytime soon. Buy orders look ok but they could be pulled lower I guess, my 34 target still valid imo at this stage, cheers

 

[Bobby]

I have a large holding in this at 39cents...Patience is needed....but we will see action in the next 3 months....I CAN WAIT....like MGX....the big boys are shaking the tree......and the once who are pillow biters as some one called them will be shaken out..I am looking to buy more as BMX would make a great TO target.....Crystall who own 244million shares are not worried....they also wait but could sell to a company who wants this group...BMX said they would become the worlds largest Taitanium producer....now that when they get there will fire this SP in the meantime...wait...patience

Hi Chicken,

Good to see them comming back, I too hold a lot.

Who are the pillow biters ?

Every cent movement is big to me, so I'm out to shout myself a top lunch .

Bob.

 

[zoo]

Nice strong finish Bob...Friday might show a clearer picture but todays volume was good to see. Cheers

 

[Bobby]

Nice strong finish Bob...Friday might show a clearer picture but todays volume was good to see. Cheers

Hey Zoo,

Did you notice how the after 4pm close some grub did a deal for a tiny 6000 to make the close .355

Bob

 

[zoo]

That seems to happen with bmx..when they were running to 44c small buys would appear at the end of each day, and a new level would be targeted the next day...will be interesting to watch in this down period for bmx just to see how everyone reacts...Im going to sit back, chillout and wait...keep an eye on cbh...I will post a thread on it soon..cheers

 

[Bobby]

Did'nt think I would see a close so low again

Still hold, but tomorrow will tell.

Bob.

 

[RichKid]

The co released a presentation, must get around to reading it, this downtrend looks like it'll continue. Hoping to re-enter once it forms a base. The low of the previous minor w4 (as I count it) is just below 30c, if that doesn't hold I'd be sitting back and watching for a bit longer. No real buyers yet.

 

[Bobby]

The co released a presentation, must get around to reading it, this downtrend looks like it'll continue. Hoping to re-enter once it forms a base. The low of the previous minor w4 (as I count it) is just below 30c, if that doesn't hold I'd be sitting back and watching for a bit longer. No real buyers yet.

Hullo Rich,

Looking good so far today, at what date did you start your wave count ?

Regards Bob.