Australian (ASX) Stock Market Forum

GDO - Gold One International

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Re: BMO - BMA Gold

Sorry can't help... I stumbled across this in another forum...if you find out can you post us your findings?
 
Re: BMO - BMA Gold

esprit said:
Hi

Is there any way I can subscribe or obtain these Hartley's publications, so I can get them as soon as they're released?
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I just googled it: http://www.hartleys.com.au (ask them any questions you may have on subscribing).

They tend to focus on resources stocks more than others.

Thanks for the link kgee.
 
Re: BMO - BMA Gold

if this stock is so great, why is a director selling his shares?
 
Re: BMO - BMA Gold

moses said:
if this stock is so great, why is a director selling his shares?
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Thanks for the caution moses. If you search ASF for 'director buying' you'll see that there are many views on the topic. I haven't even noted how much or how many were sold but it is good to know for those who watch director tnxns closely.
 
Re: BMO - BMA Gold

Directors sell for a whole bunch of reasons, who knows why he sold, but yeah it was like 1/9th of his holding so no real biggie,

More importantly gold has shot up to over $700 an oz again so quickly!
 
Re: BMO - BMA Gold

All of the lemmings jumping the BMO ship... but with gold still at 680 they are set to make a s'load (assuming of course they have reached reasonable production by now).

I'm sure you've all wondered this - but why not use BMA as their ticker???
 
Re: BMO - BMA Gold

Any more thoughts?

Up another 3c today which is a decent move for this stock.

A new general manager, is this cause for the rise?
 
Re: BMO - BMA Gold

Every thread in the ASF goes quiet once the bear steps in... anyone still holding on to this one? Was pretty good buying on Wed sank to 23.5c briefly before recovering back today to 29.
 
Re: BMO - BMA Gold

Yeah I stepped in again last week,also topped up on cbh and psv...with thought's of stepping back for a while...maybe a little holiday is in order ;)
 
Re: BMO - BMA Gold

Tisk tisk tisk, head grades of 13-15 g/t Au, cash costs of around $250 AUD per ounce, production of around 70k oz's p.a.

Only the good die young!


What a savage sell off this stock saw, tisk tisk tisk,
 
Re: BMO - BMA Gold

Just the general market correction i'd say.


Anyway now it's settled down and buyers are starting to line up. I got back in at .30 a few days ago so hoping for a good run
 
Re: BMO - BMA Gold

Bomba said:
any reason why this stock was sold off so much?
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Think it was a bit more than a "correction" (i.e. 45c to 25c!!!).
A fail in Gold Prices of 730 to 550 does not mean a 25% drop in profit (i.e 550/730) but rather a 40% drop (based on YTs mining costs of $250/ounce).

But as previously stated, most broker valuations posted here of ~40c were made at a conservative $600 US/ounce. So that makes SP look pretty cheap...
 
Re: BMO - BMA Gold

Kipp said:
Think it was a bit more than a "correction" (i.e. 45c to 25c!!!).
A fail in Gold Prices of 730 to 550 does not mean a 25% drop in profit (i.e 550/730) but rather a 40% drop (based on YTs mining costs of $250/ounce).

But as previously stated, most broker valuations posted here of ~40c were made at a conservative $600 US/ounce. So that makes SP look pretty cheap...
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I think a few things to remember about BMO are

1. It is an undergorund miner, so unlike Open Pit Mining even though there processing Mill can easily handle 2x as much Ore as they intend to process p.a. the output is restricted by how much Ore gets mined from Underground.

2. As a result of point 1 (ie can't really ramp up that much) head grades need to stay high to keep cash costs low $300 oz AUD intially falling to $250 oz AUD life of mine

3. They still only have about 5 years mine reserves, they really need to go hammer and tong on the exploration front to increase reserves, thats when you'll really see the share price take off, so far their drilling results have been very impressive with lots of meters of interesections well above 30g/t THATS HUGE!


As I've always stated BMO is my preferred LONG TERM exposure to GOLD, it is one of the lowest cash cost per ounce ASX listed producers and over time I believe the company will be able to explore and uncover a much larger resource base at their Twin Hills Operation
 
Re: BMO - BMA Gold

Could the price hammering this stock has received over the past few weeks be due to it perhaps not selling any of its unhedged gold when POG was near $700?
 
Re: BMO - BMA Gold

Bomba said:
Could the price hammering this stock has received over the past few weeks be due to it perhaps not selling any of its unhedged gold when POG was near $700?
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Not selling any? What do you mean... isn't it now in almost full production?
 
Re: BMO - BMA Gold

BMO is not at full production, they won't be until Sep qtr, they only began pouring gold in Feb,

Its there reserve increase that should drive the share price though
 
Re: BMO - BMA Gold

The buyers seem to have returned to BMO, is something up?

Only thing I can think of is either a reserve upgrade = very positive, just what this company needs,

Or another bonaza 200 g/t + intersection
 
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