BMX - BeMax Resources

[Bobby]

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

Yes I know its not the thing to do, guess when you know somethings real & good you stick with it, time will be the catalyist of holding with this one.

Bob.

 

[Duckman#72]

Ouch,why do people hang on to stocks that continue to slide backwards?

That's very easy to answer - emotions.

Irrational behaviour based on greed, loss aversion,over-confidence,self-attribution bias and phase myopia.

I know its better to leave emotions at the door in theory, but in reality.....

Even now - I'm saying to myself - "you're still in front, just hold a while longer to get some gains back".

Duckman

 

[Knobby22]

It's been such a gradual thing and intellectually it appears a good buy at these prices.
Just has got away. Hopefully only because mineral sands aren't sexy.
I keep nearly buying more but until the trend flattens how can I?

Anyway we need to see the annual report to get a good hold on this company. I still think the turnaround will occur.

 

[Knobby22]

Quite good cooments from competitor Iluka who reported today.


Iluka said its first half 2006 continuing business net profit of $49.5 million was favourably influenced primarily by higher zircon prices and, to a lesser extent, stronger prices for its high-grade titanium dioxide products.

Overall, Iluka said its Western Australian operations achieved strong production performances for zircon, rutile and ilmenite.

While synthetic rutile production declined in Western Australia, the company said this was the result of a planned major maintenance outage, over a period of 13 weeks, to rebuild one of the Mid West synthetic rutile kilns.

The Virginia operation performed solidly despite an adverse impact on production of zircon and ilmenite during the second quarter associated with downtime to effect repairs to equipment, Iluka said in a press statement.

Zircon demand remained strong in the first half of 2006, the company said, while the market continued to be undersupplied.

Iluka said it remained fully sold and has achieved price increases of around US$75 per tonne in the first half of 2006 and has achieved similar increases for the second half of 2006. This equates to an approximate 23% increase for 2006 relative to 2005.

Iluka said demand for its products for the remainder of 2006 remains strong and the company remains fully sold for all of its products.

 

[RichKid]

From a technical perspective there is some bullish volume and price action, a few minor dowtrend supply lines have been breached, noticed some fund had bought for the first time in months (see recent announcement)...still a long way to go before we can say this correction is over, not sure if it can make new highs any time soon, a good point is that volume has fallen during this decline.

 

[Knobby22]

Thanks Richkid.

 

[Bobby]

Good volume & price rise today, At Last !
About time BMX .

Bob.

 

[clowboy]

Could be seen as a breakout today?

Thinking about buying some tommorrow but due to being at work maybee hard.

What are peoples thoughts?

Anyone consider it a breakout?

 

[Bobby]

Could be seen as a breakout today?

Thinking about buying some tommorrow but due to being at work maybee hard.

What are peoples thoughts?

Anyone consider it a breakout?

Hello Cowboy,

If the depth shows many buyers tomorrow early, with seller numbers retreating & volume shooting! Then yes it could be a breakout

Bob.

 

[Duckman#72]

Good volume & price rise today, At Last !
About time BMX .

Bob.

Cancel the priest and stop measuring up for the coffin - we have found a pulse!!!! You little beauty.

(On second thoughts keep measuring up - just in case)

 

[Bobby]

Cancel the priest and stop measuring up for the coffin - we have found a pulse!!!! You little beauty.

(On second thoughts keep measuring up - just in case)

Yep Duck,

Their on the way again WHY ? look who picked them for next months stock comp- yes its one of our best

Bob.

 

[Morgan]

Note the big accumulation last week by RUSD Investment Bank- who incidentally sold off a lot of their holding at the two peaks in Feb and March.
Hopefully a sign of increasing confidence??

 

[Kipp]

Note the big accumulation last week by RUSD Investment Bank- who incidentally sold off a lot of their holding at the two peaks in Feb and March.
Hopefully a sign of increasing confidence??

Didn't their profit fall for the half year to Jun 06 despite starting production in April?
That has to be a worrying sign...

 

[Duckman#72]

Didn't their profit fall for the half year to Jun 06 despite starting production in April?
That has to be a worrying sign...

Could have been better but could have been much worse.

Profit hardly changed.

WA sit going great guns and is funding Murray Basin activities. Inventories are being stock piled and revenue from Gingko still to filter through.

There was more uncertainty this time last year in my opinion and the share price was similar.

Duckman

 

[Knobby22]

The stuff was shipped but the money hadn't come in. It appears though that the company should have a much better next half.

 

[brerwallabi]

BMX is starting to look good again, profits on the way.
The volume has been quite stong over the last week and is the strongest volume since BMX took a run up to 44.5cps.
Breaking through 30cps will be the next challenge, hope we see 44cps again shortly, fundamentals of this company certainly look good.

 

[pharaoh]

That should carry imp higher too, who hold a 5% share in bmx

 

[chicken]

Bmx showing signs of life...closed strongly at 31cents...are we seeing a breakout....next stop 40.5cents...yep Volume was strong today..intresting reading in the Smartinvestor....sept issue...financial times......all on sandminers intresting read

 

[RichKid]

Significant bullish divergence and minor supporting volume appearing as this recent minor wave-ii correction appears to complete before an expected tilt at that singnificant downtrend line....or we could just be going down to nowhere as that supply line is very strong.

 

[Duckman#72]

BMX put out a good positive announcement about Snapper reserves today.

As usual the market doesn't seem all that interested!!!!

Duckman