This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

BUX - Buxton Resources

Jump to new
Buxton continues on its very merry way regardless.
The Company has five projects in Western Australia which it believes have the capability of delivering world-class discoveries.
There was a brokers research report back in August 2016: http://www.buxtonresources.com.au/files/Hartleys_Research_Article_Double_Magic_201608.pdf
Since then a report in December 2016 focused on the Double Magic Project: http://www.asx.com.au/asxpdf/20161214/pdf/43dpzh75hpdcz2.pdf
It looks as if Buxton Resources will trundle through 2017 assessing this project.
 
Buxton continue to move back up very gradually as investors appreciate these relatively small but consistent projects.
 

Nothing much has changed over the last few years and the share languishes at around 14c having risen to double that a few times. None of their good rather small projects have got off the ground as further exploration costs and success have been only marginally above average. Probably OK at this level. You could lose 40% or gain 100% - odds look quite good for gamblers.
 
noirua said:
Nothing much has changed over the last few years and the share languishes at around 14c having risen to double that a few times.
Click to expand...

Buxton Resources is on the move today after the company announced that massive sulphide mineralisation has been intersected by the first hole of the 2018 field season at the Merlin Prospect at the Double Magic Project.

The BUX share price has taken off on the news and is currently up 21.21% to 20c.

If the first hole of the 2018 field season is anything to go by there could be some good assay results coming through in the next few months.

 

Yes, this is the closest Buxton have come to striking it rich. Just maybe it will be a giant like Centamin in Egypt.

ASF share competition: https://www.aussiestockforums.com/t...g-competition-entry-thread.34114/#post-989958
 
Buxton Resources announced that massive sulphide mineralisation has been intersected by the first hole of the 2018 field season at the Merlin Prospect at the Double Magic Project.

We should know on Monday about the full results - surely they can make it good this time. In the past it has been a case of good but not good enough.
 
Well, the results came in and were good however, not good enough for the market. Investors are very disparaging about BUX as so many small projects appear good to very good and generally become, once again, not that good in that they are never able to proceed to production.

OK to find 1% nickel on a large width but by the time we get to a resource statement the nickel percentage drops away. The share price is low so hope remains as it did for Sirius Resources prior to 2012.
 
More nickel found in today's announcement for Merlin. The market sees it as OK but not quite good enough again. Somehow I feel the shares have been driven down too far. So probably good value from a speculative point of view.
 
noirua said:
More nickel found in today's announcement for Merlin. The market sees it as OK but not quite good enough again. Somehow I feel the shares have been driven down too far. So probably good value from a speculative point of view.
Click to expand...

The market don't believe it and hasn't done for some time. Very obvious.
 
I just cant understand Buxton at all. Share price around 11c and imho should be about 50c. Very annoying.
 
noirua said:
Buxton continues on its very merry way regardless...
Click to expand...
another eternally optimistic explorer? • Cash balance (30 June 2020) of approximately $3.9 million

As well as drilling on with IGO in West Kimberley, and early days securing ground near Norseman, etc ... BUX has set up USA subsidiary:
• Buxton has been actively pursuing Copper opportunities in the USA
• Buxton has incorporated subsidiary Buxton Resources Arizona LLC

and then I came across this in a Krakatoa KTA announcement of 09/10
This renewed interest has seen ASX listed companies such as Chalice, Rarex, and Buxton Resources peg near and adjacent to Krakatoa's applications.
Click to expand...
probably be something in the next quarterly, due by this month's end
 
You must log in or register to reply here.

Similar threads

ACM - Australian Critical Minerals
Replies
3
Views
2K
Dona Ferentes
CGR - CGN Resources
Replies
7
Views
3K
Dona Ferentes
GGR - Golden Globe Resources
Replies
2
Views
1K
System
NVO - Novo Resources Corp.
Replies
4
Views
2K
Dona Ferentes
I88 - Infini Resources
Replies
3
Views
2K
finicky
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...