BMX - BeMax Resources
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No I dont know this company and cannot make a comment as I have not researched it..as far as BMX is concerned..www.bemax.com.au read what it says...will be very profitable this group I understand that they may get into the asx 300 in march......tasmanian said:Hi chicken
Do you have any thoughts on IMP? They hold 5.3% of BMX currently trading 1c.
cheers
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chicken said:
Hi Chicken
Please see my post #82 in this thread. Does anyone know how to search on the ASX site or any others - actually how far off the ASX 300 companies such as Bemax are. And when it is updated and how often etc.
Duckman
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BEMAX-Update Mid Feb/06
CORRECTION FROM HIGH OF 44 cents sees these as great buy at 38-42c. According to Bemax Website original guestimates of valuation at 43cents when there was no serious shortage of zircon... Refer latest BMX company announcement. Appears they need price fortified... possibly frightened cashed up BHP might takem over. My opinion only.
Always research research research.
CORRECTION FROM HIGH OF 44 cents sees these as great buy at 38-42c. According to Bemax Website original guestimates of valuation at 43cents when there was no serious shortage of zircon... Refer latest BMX company announcement. Appears they need price fortified... possibly frightened cashed up BHP might takem over. My opinion only.
Always research research research.
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77TRADER77 said:
I agree 77Trader77.
And why wouldn't they be frightened!! The company announcement last Thursday could have been announced to the ASX under the banner "FOR SALE - BRILLIANTLY RUN SMALL MINER, HUGE RESOURCE TENEMENTS, STABLE MARKET, DEVELOPMENT ALMOST COMPLETE WITH SALES REVENUE STARTING SHORTLY".
Surely one of the big players would be interested?
I have said all along that once bmx get the shop up and running , then they will be lucky to see out 12 months from production date as imho, a bigger player will swallow them....Iluka tenements next door as well...Ive been surprised that bmx have actually been able to pull off the seemingly impossible, getting a startup mine up and running without any catstrophes or major hurdles to contend with...that we know of.This resource market is all about consolidation and growing future revenues and mineral sands will be part of that mix...cheers
nah...not a chance at 40-50c....all hypothetical of course but a takeover pitched at bmx would be aimed at 80c imo...nothing less would be close..and thats talking about it now...in 6 mths time it increases...but bmx is a big growing setup...and will get bigger..pullbacks inevitable but a nice little play for sure.Cheers
I must say I do agree with you...should have some idea how the company is doing at the end of March....see their website..www.bemax.com.au I do like what they said lately and yes I do agree what you posted..as soon as the public in Australia are made more aware of Bemax potential..the sp will explode....this is good stock..I am holding a swag of them....zoo said:
Iluka just increased the price of Zircon by 25%...great for all sandmine holders as BMX will follow suite.....no wonder the SP started moving today..watch this SP in march.....when we get our first resultschicken said:I must say I do agree with you...should have some idea how the company is doing at the end of March....see their website..www.bemax.com.au I do like what they said lately and yes I do agree what you posted..as soon as the public in Australia are made more aware of Bemax potential..the sp will explode....this is good stock..I am holding a swag of them....
OK..so our current position is bmx sp running up and possible asx 300 inclusion talk would be a driving force.
IMHO only, I can see it hitting 45c before March 3 date...IF the current market sentiment stays intact and there is no adverse leaking of info pointing to missing out on asx inclusion.
If admitted and the price has surged to 45 area...then clearly 50 will be under threat.....if on the other hand no inclusion is coming, then 36 area should again be tested..
Sounds like Im sitting on the fence but I believe the stock is getting to a knife edge balancing act.....and that my friends is how a good market should be...with the only short term driver we need to focus on is in fact the asx 300 question...the rest will certainly look after itself..
All of this is purely my thoughts...hope it brings up some interesting chatter on a very good little startup story.
IMHO only, I can see it hitting 45c before March 3 date...IF the current market sentiment stays intact and there is no adverse leaking of info pointing to missing out on asx inclusion.
If admitted and the price has surged to 45 area...then clearly 50 will be under threat.....if on the other hand no inclusion is coming, then 36 area should again be tested..
Sounds like Im sitting on the fence but I believe the stock is getting to a knife edge balancing act.....and that my friends is how a good market should be...with the only short term driver we need to focus on is in fact the asx 300 question...the rest will certainly look after itself..
All of this is purely my thoughts...hope it brings up some interesting chatter on a very good little startup story.
Does this not give you the answer beside the ASX 300 listing...it does mechicken said:Iluka just increased the price of Zircon by 25%...great for all sandmine holders as BMX will follow suite.....no wonder the SP started moving today..watch this SP in march.....when we get our first results
You call 3 trades a solid break..give over ,takes more than that to reduce the price..and one of the sales was a X in a brokers office..I see this SP higher, as soon as news filters out, re buying cheaper now is the time to buy this stock as in 6 months you looking at a much higher price..Iluka just increased their price of Zircon by 25% and I am sure the same thing will happen in BMX ......there is a world shortage of this material...If the SP comes down..I AM BUYING Morezoo said:Solid break to 39c..Fri should beinteresting to say the least.
short term weakness for all to see from today, didnt look like breaking up to me.. imo you will buy cheaper Friday but of course, the bigger longterm picture is rosy...good money to be made in these dips tho and remember...lets not get crazy on it, plenty of stocks, plenty of time...if you miss this next run you will have a chance again. Cheers
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Be careful guys.
The profit margin on the new Pooncarie deposit is going to be influenced by fuel prices. Big haulage costs involved in not only the minerals, (140km to Broken Hill and then rail to coast) but possibly the overburden as well (and there's plenty of that).
If fuel prices go up, share price might get hammered.
The profit margin on the new Pooncarie deposit is going to be influenced by fuel prices. Big haulage costs involved in not only the minerals, (140km to Broken Hill and then rail to coast) but possibly the overburden as well (and there's plenty of that).
If fuel prices go up, share price might get hammered.
Thats a fair point and another piece to the jigsaw that would be investors need to understand...already paying $1.38 a litre in the bush, and thats with oil down....
I think the main thing to understand is all cards are nearly on the table and the market will be able to value the company on what it brings to the table in way of product...quality product. They are hitting the big assays zones first to get the early bucks and cash in on good prices, will bombard us with good news stories....eventually it will come down to "show me the money".
Excellent and impressive to get it up and running to this point...huge project, long life, predators waiting, is bmx a 40c company??? Whack a dollar in front of it and lets see this post again in 12 mths...
Cheers...all views my own..do your own sums.
I think the main thing to understand is all cards are nearly on the table and the market will be able to value the company on what it brings to the table in way of product...quality product. They are hitting the big assays zones first to get the early bucks and cash in on good prices, will bombard us with good news stories....eventually it will come down to "show me the money".
Excellent and impressive to get it up and running to this point...huge project, long life, predators waiting, is bmx a 40c company??? Whack a dollar in front of it and lets see this post again in 12 mths...
Cheers...all views my own..do your own sums.
Zoo,Analyst,and all the other names you use to post...you come up with a new slant all the time..Did I not just post that Zircon price had been increased by 25%.....as far as energy prices..well everyone has to pay more even BHP....no wonder prices are rising...BMX will repot at the end of March...I bought and also feel they will jet go higher due to their production...and anyone wants to check them out go to www.bemax.com.au
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