FFR - Firefly Resources

Re: BMY - Brumby Resources

Meh, BMY were trading at this range 13 months ago. I'm seeing it more as the market returning back to status quo rather than some OMGWTFBBQ revaluation.

m.

Re: BMY - Brumby Resources

marklar said:

Meh, BMY were trading at this range 13 months ago. I'm seeing it more as the market returning back to status quo rather than some OMGWTFBBQ revaluation.

m.

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Well if that's the case why aren't all my other stocks back to where they were 13 months ago?

Re: BMY-pardoo & goldsworthy drilling the big company maker

hi yt patience has been the key to brumby with pardoo & goldsworthy drilling likely to unearth a fair size deposit.

ive been too busy to see whats been going on lately however the lift in price to around 20c gives a good indication of good news.

i understand argonaut took up the placement for 8m shares is that correct yt?...tb

Re: BMY-pardoo & goldsworthy drilling the big company maker

tigerboi said:

hi yt patience has been the key to brumby with pardoo & goldsworthy drilling likely to unearth a fair size deposit.

ive been too busy to see whats been going on lately however the lift in price to around 20c gives a good indication of good news.

i understand argonaut took up the placement for 8m shares is that correct yt?...tb

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Hey Tb been awhile

I was introduced to this through Argonaught way back when they did their first raising, not 100% sure but my guess would be that the 8m went to mates of Argonaught for supporting BMY over the past 18months or so

Drilling has been a long time coming, cant wait for results

Re: BMY - Brumby Resources

yeah hi mate so much for the recession ive been deadset flatout non stop beer to adelaide for fosters & tooheys,csr gyprock to adelaide & paper from millicent/mt gambier back east.cant keep up.

its a good sign that the placement was taken up...just keep on waiting & we will be rewarded.....tb

Re: BMY - Brumby Resources

marklar said:

Meh, BMY were trading at this range 13 months ago. I'm seeing it more as the market returning back to status quo rather than some OMGWTFBBQ revaluation.

m.

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Nah - this is all about Pardoo - how could you think that these targets aren't of interest?

Have a look at AussiePaul72's summary a few posts back and tell me it's not a good news story in the making?

Results will be interesting for me, I've taken a punt on options - I am pretty sure that I will do my dough should the results not be good. Got my bottom in the breeze on BMY!

Re: BMY - Brumby Resources

I think BMY has had it's little run up of late due to the latest announcement with the commencement of drilling at Pardoo. Any idea to when these results will come out? It seems in general that the longer the results take to find their way to the share holders the further the sp falls. I hope the reasoning behind that is share holders simply lose their patience and sell rather than inside knowledge of bad results. Any ideas on as to why some companys keep share holders more informed than others? eg. Does it cost a company to update it's web site as to whats going on? I noticed for example Flinders mines were doing it on a weekly basis at one point ( Dont know if they still are ) but at least at the time i felt that i was part of that company & had a chance of reading between the lines. Why dont more companies do this?

Re: BMY - Brumby Resources

Just took the opportunity to buy another 50k... has brought my average price upwards but.. i figured hell I think this has a better chance of a big run so dumped a few other dogs and got in for more..

Heres to hoping we get some fantastic results soon !

Re: BMY - Brumby Resources

adobee said:

Just took the opportunity to buy another 50k... has brought my average price upwards but.. i figured hell I think this has a better chance of a big run so dumped a few other dogs and got in for more..

Heres to hoping we get some fantastic results soon !

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Hope you're not putting all your eggs into one basket adobee?

The overall market looks ominous to me. Potential to head back to the lows again imo, which would equate to the lows in this probably. I suppose it depends on your time frame. Long term IO looks pretty solid. LONG term.

Or, we've seen THE lows....

Re: BMY - Brumby Resources

Kennas with drilling underway at BMY doubt we'll see the lows in this again,

In fact would be very surprised to see this below 10c

Re: BMY - Brumby Resources

YOUNG_TRADER said:

Kennas with drilling underway at BMY doubt we'll see the lows in this again,

In fact would be very surprised to see this below 10c

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Some stocks went below cash backing during the last sell off. WTF! The signs are that this could be another capitulation (imo). If XAO 3700 doesn't hold it's even more likely. Nothing will be saved no matter what, simply due to fear. We've all seen it happen just a few months ago. I'm hoping 3700 holds and then spec juniors will be saved punishment, for the fundamental investors (who have to sell).

Re: BMY - Brumby Resources

No worst case scenario is that I wont be trading in for that new bmw for sometime yet...

I am feeling pretty positive and think that there is just a knee jerk reaction as people as scared out of their minds and sell the second they see loses of 5-10% for fear of the market getting totally smashed.. Overall we have seen growth over the last few weeks and then the second there is a downturn .. everyone is saying get me the hell out of here... That being said I dont have a crystal ball so it could go either way.. One or two green days and a good result wont be hard to resee 20c...

Re: BMY - Brumby Resources

Annoucment with update out today -

Drilling is scheduled over the next two to three week period with assay results expected within a month of drilling completion.

I would guess we will either be waiting for just on two months for this to take off or else if there are loose lips two to three weeks...

Re: BMY - Brumby Resources

Adobee,
Loose lips could sink the sp in two or three weeks also. You may have another opportunity to pick up another 50k at a bargin price.

Re: BMY - Brumby Resources

Drilling halted at Pardoo East

Drilling by Brumby Resources Limited (Brumby) (ASX: BMY) at its Pardoo East iron ore project in the
East Pilbara region of WA has not intersected the potential hematite iron ore mineralisation
interpreted from geophysical data.
A detailed ground gravity survey was carried out by Brumby over the Pardoo East aeromagnetic
anomaly during 2007. Seven gravity targets associated with the aeromagnetic targets were
delineated. Two priority gravity targets were identified by Brumby.
Geophysical modelling of the Pardoo East ground gravity data had previously defined a 5000 metre
long by 400 metre wide target area with the potential to represent a large hematite body 40-60 metres
below sand cover and this target was the focus of the current drilling campaign.
The western part of the target area was tested by drill hole PD001 which was terminated in Archaean
basement banded iron formation (BIF) at 130 metres depth. No hematite mineralisation was
intersected in the drill hole. The drill hole has now been converted into a water producing bore for the
Pastoralist. This initial hole had been sited to test the most prospective part of the gravity anomaly
and due to the lack of hematite, Brumby has decided not to continue drill testing of the target area.
Brumby is maintaining its exploration focus and continues to advance its Batten Creek manganese
project in the Northern Territory. The intention will be to drill test this target as soon as a drilling
contractor is engaged. As a precursor to the drilling programme, the Mine Management Plan (MMP)
has been submitted and approved and the Heritage survey has been completed. A Risk Management
Plan (RMP) has been submitted to NT Worksafe.
A 1995 BHP drill hole had previously intersected 6 metres of 15 percent Mn (unwashed) from 30-36
metres depth within the Brumby target area.
Brumby is also advancing plans to drill test the magnetite/vanadium-bearing Balla Yule Project area,
to the west of Port Hedland. The Heritage survey has been completed and the Programme of Work
documentation has been submitted.
An historic drill hole had returned up to 53 percent Fe with associated anomalous vanadium within the
Brumby target zone.

John Ikstrums
Technical Director

Re: BMY - Brumby Resources

AAAAAARrrrrrrrrrrrrggggggggghhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!! That's just the news that I did NOT want to hear - oh well, yet another "learning" experience

Re: BMY - Brumby Resources

Down 50% in 7 minutes of opening...rats fleeing a sinking ship comes to mind

Re: BMY - Brumby Resources

Not a good time to bring up water. Would be funny if not so painful for those that have to sell.

I bet the Geos are whimpering in a corner at the minute.

Re: BMY - Brumby Resources

Drilling by Brumby Resources Limited (Brumby) (ASX: BMY) at its Pardoo East iron ore project in the East Pilbara region of WA has not intersected the potential hematite iron ore mineralisation interpreted from geophysical data.

Wow dont sugar coat it !

Re: BMY - Brumby Resources

I also was hoping for a better result with the drilling. At least the Pastoralist will be happy with the bore water! Speaking of water it's been a long time between drinks with BMY. Hope they can come out with something more positive in the near furture. Guess thats what a high risk company is all about. HIGH RISK Nevermind. Hey Adobee how's the BMW looking?