BMX - BeMax Resources

[blueroo]

While this company continually releases good ann., it disheartening to see it completely ignored. I've held these since April and topped up in July only to see mediocre movement up and down.

Might have to rethink the merits of hanging onto them. Maybe time to give them the flick and move onto some a bit more volatile!

 

[roxy]

kinda agree with you blueroo, but i think it will become more volatile once 30cents is broken.

 

[RichKid]

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

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

Duckman

Hi Duckman

The market may be interested- if you look at the 28c level you can see a fair few high volume transactions, also good volumes at lower levels from a few months ago, so we could surmise that the buyers are moving up their entry prices.

However, it's not really flying up so we need to see if the sellers are still keen as there is still a fair bit of stock left for buyers- that multi-month downtrend supply line is the key imo.

Also note that during the resources euphoria things move much quicker, different sentiment now. Good volume this week so let's see if it ends on the up. If this is still an EW wave-2 then the negative sentiment is typical, not that it helps much to say it when things are pointing South overall like this.

 

[Duckman#72]

Hi Guys

Does anyone know if Bemax has any reports due shortly? Share price has been totally sideways for the last month or so.

Duckman

 

[chicken]

Hi Guys

Does anyone know if Bemax has any reports due shortly? Share price has been totally sideways for the last month or so.

Duckman

You are quite right.....look at the traingle forming on the chart...and soon we will see some action...why....LOOK AT THE CHART..its telling us that some smart money investor is acumilating big time....look at the close today....soon we will see some action in this stock...

 

[Ken]

its only the smart money if it heads north

 

[Caliente]

i held this stock yonks ago, quite glad I sold it for a profit really... this stock is more sideways than a Paul Giamatti movie.

Fundamentals are GREAT, but thats about it. There seems to be no driving force behind this share whatsoever

 

[Bobby]

BMX is in stage 1 , then comes stage 2 & 3 .
Now what will be their price in the next stage of development ?

I hold

 

[Duckman#72]

BMX is in stage 1 , then comes stage 2 & 3 .
Now what will be their price in the next stage of development ?

I hold

Hi Bob

I'm with you. I just wish that the all the milestones achieved as well as coming in on budget would translate to some excitement for the market (sooner rather than later).

Duckman

 

[chicken]

Hi Bob

I'm with you. I just wish that the all the milestones achieved as well as coming in on budget would translate to some excitement for the market (sooner rather than later).

Duckman

Looks like its starting...1 buyer wanting 3.5 million shares for 27cents....???

 

[noirua]

You are quite right.....look at the traingle forming on the chart...and soon we will see some action...why....LOOK AT THE CHART..its telling us that some smart money investor is acumilating big time....look at the close today....soon we will see some action in this stock...

The chart of BMX shows a price of 38 cents as long ago as September 2000 and the present trend has been downward for quite sometime. Chances there were to get out of this stock, but the bear looks well set in now. There appears to be a strong support level at around 20 cents and it may be better to look at this share again should it get close to that level.

 

[Bobby]

The chart of BMX shows a price of 38 cents as long ago as September 2000 and the present trend has been downward for quite sometime. Chances there were to get out of this stock, but the bear looks well set in now. There appears to be a strong support level at around 20 cents and it may be better to look at this share again should it get close to that level.

Are you short on BMX Noirua ?

 

[Duckman#72]

Chances there were to get out of this stock

Very much sounding like Yoda you are. Wrong in your forecast I hope we find.

 

[chicken]

I am holding, as far as 20cents....fat chance,why....since January BMX is into full production..and the market awaits production and $$$ figures...next stop is 40cents.....that is what the chart tells me.....

 

[noirua]

I am holding, as far as 20cents....fat chance,why....since January BMX is into full production..and the market awaits production and $$$ figures...next stop is 40cents.....that is what the chart tells me.....

Do your figures include the reduced production of Leucoxene that BMX said they have had difficulties with and that there are requirements for certain modifications to be made? Their announcement was made a few days ago.

 

[chicken]

I am holding, as far as 20cents....fat chance,why....since January BMX is into full production..and the market awaits production and $$$ figures...next stop is 40cents.....that is what the chart tells me.....

I am sticking to what I have said.....Chicken said so

 

[noirua]

I am sticking to what I have said.....Chicken said so

Sojitz can be a very mean partner in merger agreements and is often portrayed as getting deals done at what others later see as too low a price. Their timing has been brilliant, as was commented on by the MD of FLX when they took up rights to the Minerva mine, at a very late stage.

The merger in 2004 between Bemax and the Australian Mineral Sands side of the Soljitz Corporation makes interesting reading; As has been the pull-in of shares and cash to discharge Bemax's obligations.

 

[blueroo]

I had 47k of these suckers for 6 months and have just about had enough of the stagnant SP. I want to unload but you all know what happens then

 

[Caliente]

unfortunately all the ramping in the world wont make this one move. sorry blueroo, this ones a dump, especially with the breadth of opportunities currently out there. My and as always DYOR.

 

[RichKid]

I am sticking to what I have said.....Chicken said so

You said that the chart tells you the next stop will be 40c Chicken? Well maybe you should show us your charting logic so we can assess what you mean, remember that we have got stricter here on ASF, it's not like your early days here, you need to back up your price targets with more than just 'because chicken said so'.

I'm bullish BMX overall too (pending break of near support, I now see this as possible distribution due to the lower prices and high volume) but I give reasons for my statements.

So time for your charting abilities to shine forth chicken, I thought you were more of a fundamentals ramper.

Blueroo/Caliente, the sorry story is that the smart money normally accumulates once all us smaller punters have had enough of it, it's just hard to say for sure that this is accumulation happening, I thought it was so only recently but then it fell through minor support, always safer to wait for the major downtrend line to break via an impulse and then buy into the correction.....but with these smaller players it can move so fast that we lose a low risk entry....oh, well, that's the market. I've found it interesting following this stock as a study blueprint for future juniors.

Noirua's points should be kept in mind, it's easy to only think bullishly on a stock and be blind to the reality. I still favour the stage 1 or 2 type entry for these stocks pre-production, that was the main impulse we saw from last year.