BMX - BeMax Resources

[Bobby]

If this does go lower and takes out the w1 high then it's time for the alternative count which'll make this a major wave 2 decline imo. See the previous charts, still early days so best to follow Nick's count until proven wrong.

Rich,

The more I look at EW stuff, the less I think its pertinent .

It always needs to prove it's self with each wave ?
Wow thats like saying if I got it wrong its not proved now thats got to be a crap play ? when your $bucks are on the line.

Nicks posted a trade that went sour, He's an expert on EW.

Like a lot of old out'cast indicators I say bye bye Elliott wave theory.
I'll stick with what works for me.

Bob.
P.S. Toped up some more at these bargains

 

[It's Snake Pliskin]

Rich,

The more I look at EW stuff, the less I think its pertinent .

It always needs to prove it's self with each wave ?
Wow thats like saying if I got it wrong its not proved now thats got to be a crap play ? when your $bucks are on the line.

Nicks posted a trade that went sour, He's an expert on EW.

Like a lot of old out'cast indicators I say bye bye Elliott wave theory.
I'll stick with what works for me.

Bob.
P.S. Toped up some more at these bargains

Bob,

I have been a sceptic for some reasons like you have expressed.

I see BMX continuing its decline for a while. Still not buying yet.
Snake

 

[chicken]

Should go through 30cents today...

 

[Duckman#72]

Rise you bastard......................rise

 

[zoo]

bmx update.

BMX production hit snags a couple of weeks back with rain down Mildura way. The roads were very wet and with the weight of the trucks, they had big hasstles getting product out of the site to the main road for haulage to the MSP. So maybe we need to factor in that problem, but its something they know will need to be addressed. Also, a 'Roaster' will be built in Broken Hill in the next stage, and this will cut out one process that would normally have to go to the Bunbury MSP. It will be done in Broken Hill, create about 40 jobs..and save more double handling. Ear to the ground guys, when I know...you will know..cheers

 

[Knobby22]

Thanks Zoo.
Do you live around there?

 

[Baggy]

Bemax Underperformer ?

Does anyone have any idea why Bemax (BMX) is not performing?

 

[Knobby22]

In my opinion, I think everyone is waiting to see some real finanancial figures next month and for the specualtors there are hotter stocks to chase. The performace has been great if you look over a longer time frame. They do have a bit of debt so it is important that very good figures come out next month.

 

[Knobby22]

In my opinion, I think everyone is waiting to see some real finanancial figures next month and for the specualtors there are hotter stocks to chase. The performace has been great if you look over a longer time frame. They do have a bit of debt so it is important that very good figures come out next month.

Actually we should see the last quarter figures this week!

 

[blueroo]

Last quarter figures now released.

A nice read and hopefully some movement on this one directly.

15mil in sales for the quarter

 

[Duckman#72]

But they burnt through some cash!!!!

Will be interesting to see what the market makes of it.

Hopefully SP moves north for a change.

Duckman

 

[blueroo]

I think they could be forgiven for burning cash while ramping up to full production. Very costly business fixing stuff-ups and making last minute design changes to achieve maximum through-put.

 

[roger_leong]

Anyone know why it drops to a whopping $0.24 today?

 

[Knobby22]

Anyone know why it drops to a whopping $0.24 today?

Nasty breakout in the wrong direction.
Something's wrong.

 

[Bobby]

Nasty breakout in the wrong direction.
Something's wrong.

Yep it looks a bit crook, but there solid so not to worry yet.

Hope some Gorilla makes a take over offer at these prices

Bob.

 

[Bobby]

Just to add, notice that over 73% of the stock is owned by the top 20 shareholders, don't see any of them selling, they hold over 659 Million !

Bob.

 

[Duckman#72]

I am really starting to get despondent with this share. What's the go?

 

[Bobby]

I am really starting to get despondent with this share. What's the go?

Hello Duckman,

What I can make of it is someone wants you to sell, look at the resource this mob have HUGE $ & proven.

Bob.
P.S. Do what you think is best for you

 

[Duckman#72]

Hi Bob

I've watched it rise to 44c and now back down again so I might as well hold onto them.

You never hear any bad press about these guys. All the reports are very glowing. I know mineral sands isn't very "sexy" compared to other resources but the company seems to be doing everything right. Just waiting , waiting ,waiting.

Duckman

 

[brerwallabi]

Hi Bob

I've watched it rise to 44c and now back down again so I might as well hold onto them.

You never hear any bad press about these guys. All the reports are very glowing. I know mineral sands isn't very "sexy" compared to other resources but the company seems to be doing everything right. Just waiting , waiting ,waiting.

Duckman

Ouch,why do people hang on to stocks that continue to slide backwards?
Duck i hope it goes up for you.