BMX - BeMax Resources

[Caliente]

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

Big Kev --> I'm excited!

 

[Duckman#72]

I was reading on another forum that BeMax was headed for ASX300 status.

Firstly when does the reweighting take effect? Is it from March 2006? And secondly are you able to easily find out the companies sitting outside the Top 300 on the ASX site?

BeMax finished up at 34c today!

 

[Bobby]

I started buying up these from .20 to recently at .325, the nice problem will be the exit ?.
My usual is a cross down through a longer M.A. but because of the potential of this stock I don't want to get caught by the usual chop chop on the ride up, so think I'll use my favorite indicator ( Gut Feel ).

What do you think ? , as at the time of writing its trading at .385

Have fun Bob.

 

[sandik17]

I was reading on another forum that BeMax was headed for ASX300 status.

Firstly when does the reweighting take effect? Is it from March 2006? And secondly are you able to easily find out the companies sitting outside the Top 300 on the ASX site?

Anyone know anything about what Duckman's talking about here?

 

[trader]

Report by ORD MINNETT research give BMX a price of 39 cents per share once they start up and 43 cents once they have been in operation for awhile.

 

[Duckman#72]

Report by ORD MINNETT research give BMX a price of 39 cents per share
once they start up and 43 cents once they have been in operation for awhile.

That's interesting - Ords called them in March 2005 as having a 45c 12month valuation. That means despite the company's good progress, boom resource sector and commodity prices they have effectively downgraded their price from 12 months ago.

Mind you - Ords also currently have a valuation on Zinifex at $4.08 per share.

More concerning was the announcement this morning by Imperial (IMP) - holders of 18% of BeMax shares. They have burned through $200K this quarter and only have $200K left in the bank.

Might look at getting some cashflows in by taking profits on current BeMax share price. If IMP flood the market the SP will head south. Am I thinking correctly?

Also how does an Investment Company spend $200k (half it's cash reserves) in a quarter?

 

[Bobby]

That's interesting - Ords called them in March 2005 as having a 45c 12month valuation. That means despite the company's good progress, boom resource sector and commodity prices they have effectively downgraded their price from 12 months ago.

Mind you - Ords also currently have a valuation on Zinifex at $4.08 per share.

More concerning was the announcement this morning by Imperial (IMP) - holders of 18% of BeMax shares. They have burned through $200K this quarter and only have $200K left in the bank.

Might look at getting some cashflows in by taking profits on current BeMax share price. If IMP flood the market the SP will head south. Am I thinking correctly?

Also how does an Investment Company spend $200k (half it's cash reserves) in a quarter?

Hi Duckman,
Just noticed you stated 18% ? , Could you re-check that.
Thought it was 5.3%.

Bob.

 

[Duckman#72]

Hi Duckman,
Just noticed you stated 18% ? , Could you re-check that.
Thought it was 5.3%.

Bob.

Hi Bob

Sorry - I think you are correct. I got my figure from the Ord Minnett BMX research page where Imperial One is listed as 18.4% shareholder. But yes I do believe you are correct - they still have Cristal at 30% and Sons of Gwalia at 20%.

Sorry - brain explosion. Thanks for pulling me up.

Duckman

 

[Caliente]

hi, could someone please explain to me why it matters whether ORD owns 5 or 18% ???

Cheers
/Caliente

 

[tasmanian]

gday,

its not ord.

IMP own 5.3% in BMX.IMP sp is .001.bmx is 40c

5.3% o 40c???

 

[Bobby]

Gee today BMX did it again , hard to know how high it can go . :

Regards Bob.

 

[77TRADER77]

I bought these buggers at 26.5 cents
Sold at 32
Bought at 31
Sold at 33.5
Bought at 38cents and this time Im SMART .....they are going to HIT BLUE SKY when first SALES go Through

 

[Bobby]

I bought these buggers at 26.5 cents
Sold at 32
Bought at 31
Sold at 33.5
Bought at 38cents and this time Im SMART .....they are going to HIT BLUE SKY when first SALES go Through

Well good to see your back in them ! & now you won't be Selling for some time I think ? :

Bob.

 

[chicken]

Well good to see your back in them ! & now you won't be Selling for some time I think ? :

Bob.

Just read on Hc by sabrethtooth...article by abc finance news...That BMX Snapper deposit is BETTER than even the great Ginko deposit...this is looking great...I also noticed reading about this company..the WA mine and deposit was bought from no other company but SGW...Sons of Gwalia...so another group utilising the assets...I bought and all mining is on track...and all sales contracts are in place...looks to be another winner...

 

[77TRADER77]

WoW you guys beat me to the Punch! I was about to buy more BEMAX and soon as I place another order UP she goes again. CEO Tony Shirfan must be the key cause he keeps shareholders informed and they deliver what they promise.... great management team. Thats what us traders & investors demand!

 

[sandik17]

Shouldn't be having too much trouble with buying at the moment 77trader77...what's the go here..
With so much good news, what's happening to this share price?

 

[Caliente]

WHY is the BMX stock price collapsing? THis seems to be more than just your typical 'Joe Average' correction. Anyone?

 

[Bobby]

WHY is the BMX stock price collapsing? THis seems to be more than just your typical 'Joe Average' correction. Anyone?

Looks like too many just selling at market last few days, but notice its on its way back now (fingers crossed!).

Bob.

 

[Duckman#72]

Looks like too many just selling at market last few days, but notice its on its way back now (fingers crossed!).

Bob.

Extremely positive ASX announcement made today - looks as if it was put out to counter the slide.

 

[chicken]

Extremely positive ASX announcement made today - looks as if it was put out to counter the slide.

Please read the update on www.bemax.com.au the first two sentences tells us where the company is at...BMX said they propeled themself to the 5th largest producer of titanium feed...in the world and are on parr with RIO,Iluka BHP and the sp at present price as they are now a producer of standing is cheap for 37cents....as soon as they have production figures the SP will be much better....one to hold and buy for long term....check their webside www.bemax.com.au great reading and good presentation....check it...I am holding