BMX - BeMax Resources

[RichKid]

Re: BMX BeMax Resources

BMX seems to have had trouble breaking through, hanging around atm, close to trend support.

 

[amohonour]

Re: BMX BeMax Resources

Is everyone who has commented on BMX still confident with where things are, as its only a couple of weeks until production. I see that .80 is the thought on where the price is going. Is that still the target?

 

[Knobby22]

Re: BMX BeMax Resources

I am thinking 80c may be unrealistic, at least in the short term.
Would expect a jump when production begins and hopefully another if the company proves to be as profitable as forecast.
The price has held up reasonably well.
We shall see.

 

[amohonour]

Re: BMX BeMax Resources

knobby how do you see IMP as an option to get into BMX as a back door option if you know what i mean could be some quick money to be made at such a cheap price

 

[Knobby22]

Re: BMX BeMax Resources

Risky.

IMP borrowed $3.7M to buy it's BMX stake so their stake is worth $8-9m net.

There is a contingent liability in the half yearly of $8.5m relating to a disputed tax assessment in a subsidiary.

Quarterlies are somewhat suspect. Payment for the Bemax is not shown.

No institutional holders. What record have we of the management?
In horse racing terms, not for mine.

 

[amohonour]

Re: BMX BeMax Resources

so probably at least 200 to 1 lol

 

[Knobby22]

Re: BMX BeMax Resources

lol

 

[brerwallabi]

Re: BMX BeMax Resources

BMX is testing my patience, really thought it was about to go through 30 cents, probably my expectation will still happen as the nervousnes of the past few weeks may have held it back. I would have thought the fall back from the highs of six weeks ago would have seen a bit of buying action, or is there something we dont know about BMX, is it really as good as we all think?

 

[RichKid]

Re: BMX BeMax Resources

BMX is testing my patience, really thought it was about to go through 30 cents, probably my expectation will still happen as the nervousnes of the past few weeks may have held it back. I would have thought the fall back from the highs of six weeks ago would have seen a bit of buying action, or is there something we dont know about BMX, is it really as good as we all think?

Brer,
Yep, it hasn't got on with it, I've been waiting and watching. From memory the mine is to open in late Dec and produce in Jan/Feb so that means more sideways for November as these stocks tend to rise just before those last milestones are reached imo. My worries- rise in cost or any delay will send this down big time imo. Maybe people are just taking a breather after the recent run. I still view the price action as positive and think this fortnight will be important for confirmation of strength.
Anyone else hear anything about BMX- any links to news/reviews etc?

 

[Caliente]

Re: BMX BeMax Resources

I think we're going to start to see some milestones rolling in VERY soon.

IN fact the first has arrived. And according to the ASX statement, there is more to come over the next few weeks as well.

"Gingko Mine Commissioned"

Share price hit 0.295 today! (big movement if like me you've seen this stock meander sideways for months)!

So I think we're all finally going to see some rewards, although I really expected the stock to pick up sooner... grrr...

PS - In hindsight I'm also really impressed to see how well the stock held up over the past few months.

-Caliente

 

[brerwallabi]

Re: BMX BeMax Resources

I placed a sell at 30.5, I have exited, made a nice profit. I expected higher sooner and 35's but the events of recent weeks have probably delayed it. I can't sit around waiting - damn I could well have made a mistake here, but the money is in my wallet now. Hope it goes well for you Rich and Caliente.

 

[Caliente]

Re: BMX BeMax Resources

Hey Brer, just like me on the SBM stock. I placed the sell order at 0.195 only to see the stock sail all the way to the low 30's, grrr..

Everyone has their own tolerances. Mine are starting to grow slowly - maybe dangerously so :goodnight

Personally, I'm holding to see what impact news in the run to December has.
Gingko is looking strong, but nothing in life is ever certain so we have to wait and see

Looking at recent charts on Yahoo it appears to have found a new base at 0.295.

BTW --> 0.305 was a great sell price to achieve yesterday. You made it over 30 What % increse did u achieve in the end?

Would be great to hear what any other BMX holders thoughts are for the next few months?

 

[brerwallabi]

Re: BMX BeMax Resources

BTW --> 0.305 was a great sell price to achieve yesterday. You made it over 30 What % increse did u achieve in the end?

Caliente
In @ 20 cents really thanks to Richkid who highlighted BMX to all, sold at 26 and got back in about 6 weeks ago at 25 cents - so 30% & 22.5% gain for me. I'd rather take the gain now when I know I have it then risk bad news down the track but thats me - although there is no basis for bad news that I know. Its just my trading strategy. I set my target amd my expectation was 35 cents by now but it never got there.

 

[RichKid]

Re: BMX BeMax Resources

I don't hold atm, in and out a few times. I expect some profit taking now and for a dip of a few cents (or worse if ppl panic) maybe to mid/high 20's as we wait on the real news in December. I've noticed in the past that the price can correct after news (ie sell the fact). No production yet and til then lots of risk, that's why I normally sell part or all of my holding at certain levels- lock in profits for my sanity is what I like, 100% profit capture is impossible in my view from what I've heard from expert traders (who are consistently profitable). 30c or thereabout would be a reasonable level for most imo. No idea about valuations but they are so varied that it's just a guide.

Having said all that you'll see from my earlier posts that I'm often wrong on BMX!

 

[brerwallabi]

Re: BMX BeMax Resources

I don't hold atm, in and out a few times. I expect some profit taking now and for a dip of a few cents (or worse if ppl panic)
Having said all that you'll see from my earlier posts that I'm often wrong on BMX!

Rich I did not panic I took my profit, which is what you said, to me BMX has to show us the goods but I feel get out while the going is good from a tech view it looks still sorta good, still buy signals there, but I have my money and will probably move on anyway thanks owe you one as I would probably missed this if not for you.

 

[RichKid]

Re: BMX BeMax Resources

Rich I did not panic I took my profit, which is what you said, to me BMX has to show us the goods but I feel get out while the going is good from a tech view it looks still sorta good, still buy signals there, but I have my money and will probably move on anyway thanks owe you one as I would probably missed this if not for you.

Hi Brer,
No offence, I wasn't actually referring to you, I was thinking of those orders I see around 30c which may end up going lower as they try to lock in profits, if stop losses get hit too then it might spike down. I've been studying this carefully (but not too successfully yet even though I made some good $$$) as I hope to use this as one of the blueprints for further study of similar patterns, ie- ledges and box/rectangular consolidation patterns in uptreds/trend reversals have my interest atm.

Basically we both seem to have traded to a plan and that's what really counts. I may have said this before but 100% profit capture is impossible (except in hindsight). TechA had a little tip which accords with TA theory for these types of range breaks- sell half on breakout to target resistance (eg 30c) and rest on retest (ie break below 30c) if it doesn't get on with it.

I'm glad you got something out of this study of BMX, good to have company, especially when you do well out of it, we're all learning! There's more to come from BMX imo (over time) so I see this thread going on for a while yet (let's hope years!). .

 

[Knobby22]

Re: BMX BeMax Resources

New High.

There was no reason to sell.

Now the weak bulls are out, the price will keep increasing to a new equilibrium.

I have been holding now for over six months. Six months to go before I can sell (if I want to) with reduced capital gains and small transactions costs.

 

[Caliente]

Re: BMX BeMax Resources

Yup, trading to a plan is what its all about aint it, and my plan is to let this baby ride. I still hold to my original statement that I wont consider letting this baby go before 33c. But with current momentum I'm thinking that it will be breached.

Will reassess as the month rolls on.

btw, does BMX carry any dividends? I always trade for capital gain, so if I see a dividend pop up, its a nice surprise

 

[Duckman#72]

Re: BMX BeMax Resources

No dividend expected. I've been holding these in my superfund for a number of months. In at 16c - and all things being equal I'm expecting them to hit 45c mid next year. Still a lot of activity on the ground before money starts rolling in for them. But they have locked in forward contracts and the market seems positive. Hope it keeps going up!

 

[RichKid]

Re: BMX BeMax Resources

Another positive annct as expected saying things are on track and full ramp up is around the corner. Market seems to have expected it as prices are drifting lower on low volume. So about 30c may be the order of the day for the moment. Do they work through x'mas over there or what? I'd assume they'd take a few days off at least.