BMX - BeMax Resources

[Knobby22]

Re: BMX BeMax Resources

Impatient investors can't wait in rising market.
I agree with Duckman about a good increase mid next year. If they get to 25c i will buy more.

 

[Bobby]

Re: BMX BeMax Resources

Last week I took a look at there mill from the gate just outside Broken Hill.
Although not yet complete it is most impressive .
I hold a big position at the moment, but feel good about it.

This mob do seem to have there act together !
Soon they will go from a spec to mid-cap, & then open-sky ?!.
I'm thinking hard about pyramiding .

have fun Bob.

 

[Knobby22]

Re: BMX BeMax Resources

Nothing like an impressive gate.

(just joking, Merry Christmas everyone, it' been a great investing year, lets hope next year is half as good.)

 

[RichKid]

Re: BMX BeMax Resources

I'm a bit concerned technically as BMX has broken its recent uptrend line, might see a quick fall to the 200 day ma or thereabouts as happened before. Then again maybe it'll just burst through on some unexpected news??!! Who knows?

 

[Bobby]

Re: BMX BeMax Resources

I'm a bit concerned technically as BMX has broken its recent uptrend line, might see a quick fall to the 200 day ma or thereabouts as happened before. Then again maybe it'll just burst through on some unexpected news??!! Who knows?

Hello RichKid,
I'm holding whats a big position for me at the moment & see it as just going along side-ways in a channel between $0.310 & 0.285 with low volume.

But with there cash flow starting in late Feb or March 06 watch for volume increase & then the breakout, maybe as soon as mid Jan 06.

This is just my gut feeling ?, time will soon tell !.
Regards Bob.

 

[RichKid]

Re: BMX BeMax Resources

Hello RichKid,
I'm holding whats a big position for me at the moment & see it as just going along side-ways in a channel between $0.310 & 0.285 with low volume.

But with there cash flow starting in late Feb or March 06 watch for volume increase & then the breakout, maybe as soon as mid Jan 06.

This is just my gut feeling ?, time will soon tell !.
Regards Bob.

Hi Bobby,
Yes, seems to have dropped down to another sideways period. Just a chart showing some patterns, I'm concerned about the trajectory slowing with lower volume and a recent bearish candle spiking up....and that wedge, might just turn into a standard channel with parallel borders....

 

[brerwallabi]

Re: BMX BeMax Resources

A bit of a struggle last week between buyers and sellers and low volumes too but that was the Xmas break. Watch carefully tomorrow might be a bit of action or will it continue as it has been. I will be watching for an opportunity now I have some cash but it won't be the only one I will be watching.

 

[Bobby]

Re: BMX BeMax Resources

Greetings RichKid,
Yep I can see your concerns with the chart you posted, but don't be too concerned with the candle spike & wedge as both are on such low volume .

This is just the marking time period .
I'm going to get more soon, .
Just watching to know when to jump !!.

Regards Bob.

 

[RichKid]

Re: BMX BeMax Resources

Greetings RichKid,
Yep I can see your concerns with the chart you posted, but don't be too concerned with the candle spike & wedge as both are on such low volume .

This is just the marking time period .
I'm going to get more soon, .
Just watching to know when to jump !!.

Regards Bob.

Yes, I agree with Brer and Bobby about the low vol possibly being because of the holiday season, no clear view yet on my part....

 

[Caliente]

Re: BMX BeMax Resources

nice little move today (topped out at .32) --> hoping this one has some momentum

 

[Bobby]

Re: BMX BeMax Resources

nice little move today (topped out at .32) --> hoping this one has some momentum

Yep maybe the next jump, (liked the volume) but it needs to close at .33 tomorrow Why -then it will go to .37 .before a sideways short play.

If this is wrong I lose $$$.
Cheers Bob.
P.S. Don't think I'll be wrong..

 

[Caliente]

looks like the Gingko is a GO!

Sweet little gain today

Just out of interest, can anyone shed light on the Government situation that is assisting BeMaX? I'll look into it myself also and report back my findings.

Cheers
-Caliente

 

[chicken]

Re: BMX BeMax Resources

Yep maybe the next jump, (liked the volume) but it needs to close at .33 tomorrow Why -then it will go to .37 .before a sideways short play.

If this is wrong I lose $$$.
Cheers Bob.
P.S. Don't think I'll be wrong..

News was good today..WE HAVE PRODUCTION....next stop as it had broken resistance at 33cents..40 cents.....next resistance

 

[Duckman#72]

I have no idea about the Government assistance. Would be interesting to know.

This stock is certainly a sleeper. It doesn't seem to get any negative publicity yet the share price just plods along. Nice rise today on the back of announcement to the ASX.

Maybe I'm looking at it wrongly but in all the chaos of yesterday's fall, almost of all the shares on my watchlist fell by days end except BMX. Suggests to me that they being undervalued by the market. I like them. Long term hold for me.

 

[Bobby]

I know more about this mob as there in my backyard, todays break through made me top up to a silly amount.
Bought in again at .325 , If you think I'm a dope ? then check the price in March 06 !. :

Regards Bob.

 

[Caliente]

Hi Duckman. turns out its an old article (2002). Just google "bemax hansard" and you'll find multiple pages. Still a Governmentally backed project is a good thing. (not counting telstra, muahahaha)

 

[Duckman#72]

Thanks Caliente. Some of those old clippings make interesting reading.

The site www.nationalminesatlas.gov.au/info/aimr/mineral_sands.jsp also provides an interesting coverage of mineral sands in general and paints Bemax in a good light.

 

[Knobby22]

Very strong move today in a falling market.
Breakout imminant?

 

[Duckman#72]

Hope so.

They did a similar thing last Wednesday when the market fell by 75points.They were up 1c most of the day only to ease at days end to finish unmoved. Certainly plenty of red about today.

With the first truckloads of raw material departing within the week it could just be the time for some SP movement.

 

[Bobby]

Very strong move today in a falling market.
Breakout imminant?

Yep there looking good !.
Tomorrow should tell ?!.
Bob.