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GDO - Gold One International

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Re: BMO - BMA Gold

:confused:Excuse my ignorance but I was hoping someone could help me.... I received a letter today re a Non-renounceable entitlement.

They are issuing 1 for 1 New shares at 2.5c per share.

Does this mean I no longer have my original share holding and that I now just have the new entitlement at the new issue price? OR Is the new share entitlement in addition to my original holding effectively doubling my holdings if I accept the new entitlement:confused:

Hope I havent confused anyone else even more than I already am...... Thanks
 
Re: BMO - BMA Gold

As far as I know, the previous share you are holding still exist.
You did receive some letter from Advanced share registry regarding BMO Off market transfer previously as a proof that you still holding their shares.
if you have 10000 BMO shares and the entitlement is 10000 3:5 free attaching options.
so your total BMO share is 20000 + the BMO options.
 
Re: BMO - BMA Gold

sup3rK0ala said:
As far as I know, the previous share you are holding still exist.
You did receive some letter from Advanced share registry regarding BMO Off market transfer previously as a proof that you still holding their shares.
if you have 10000 BMO shares and the entitlement is 10000 3:5 free attaching options.
so your total BMO share is 20000 + the BMO options.
Click to expand...

I did receive that letter...Thanks for the info sup3rK0ala much appreciated. I assume the list price will be $0.025c
 
Re: BMO - BMA Gold

It depends, when BMO start to trade in the market. 0.025c is the offer to the shareholder. so hopefully the price can be higher then the offer price to the shareholder.
 
Re: BMO - BMA Gold

sup3rK0ala said:
As far as I know, the previous share you are holding still exist.
You did receive some letter from Advanced share registry regarding BMO Off market transfer previously as a proof that you still holding their shares.
if you have 10000 BMO shares and the entitlement is 10000 3:5 free attaching options.
so your total BMO share is 20000 + the BMO options.
Click to expand...

You are spot on. As you say if you own 10,000 shares January 2007, you are entitiled to buy 10,000 more at 2.5 cents making a total of 20,000 plus the free option of a further 6000 which you may exercise on or before 12-10-2012
however, I hate to be the bearer of bad news, but when you do the sums, the company is not worth any more than 2.5 cents per share. BMO need the money to carry out further exploration, so lets hope they find some good deposits pretty soon. The free options are an incentive to attract existing share holders to invest in BMA Gold. Not a bad move on their part. The risk is there, but the rewards could be in the making if you are patient.
 
Re: BMO - BMA Gold

Reading through their prospectus, what happened if they are undersubscribe?
will they go through another institution or return shareholder's money?
From the BMO board point of view, they are pretty confident that the existing tenements still have a value to continue the exploration or probably hoping for some acquisation opportunity to happen?
 
BMO - BMA Gold Limited

BMA GOLD LIMITED

Just relisted this week 3rd December 2007. Has previously gone into administration, however now has paid off all debts and creditors via recent November rights issue, and sale of old mining assets and equipment. Now has $1.9M in the bank.

Key points (from recent 3/12 Presentation)

* 380 sq.KM exploration permits in Queensland Drummond Basin
* Market cap of $10.9m at 2.5c share
* $1.9M cash in bank available for exploration and development
* Exploration to commence early 2008
* Colonial State largest shareholder with 10% shareholding
* "309 Resource" - 155,000 oz gold, 0.788Mt @ 6.1g/T
* "Lone Sister" - 120,000 oz gold, 1.014Mt @ 3.7g/T
* Aim to add 200-500k oz to the above

New Management Team

Some good experience in here:

Michael O’Keeffe (Non Executive Chairman)

Executive Chairman Riversdale Mining Ltd. Previously MD Glencore Australia Pty Ltd and held Non Executive Directorships (NED) with Anaconda and Mt Lyell Mining. Started at MIM in 1975 and rose to Executive Mgt level in commercial activities.

Mark Wheatley (Chief Executive Officer & Managing Director)

Previously CEO of TSX listed Southern Cross Resources Inc prior to merger to become Uranium One and still serving as a NED. Served as NED on St Barbara Ltd during board restructure and acquisition of gold assets of Sons of Gwalia. Was GM Corporate Development for AurionGold Limited and SVP with BT Australia Ltd. Started with BHP at Port Kembla as a trainee in 1979. BE (Chem Eng Hons 1), MBA.

Ken Winters (Executive Director Finance and Company Secretary)

Previous CFO of Highlands Gold Ltd, Mt Lyell Mining and CBH Resources. Started mining career in 1979 and has held senior operational and commercial positions in public companies including MIM.

----
Obviously a case of buyer tread cautiously, however looks like a complete restructure.

BMOO are the listed options with excise price of $0.02 - expire November 2012
 
Re: BMO - BMA Gold

on the move.... up 25% already this morning.... looks like they made the good decissions in their restructure
 
Re: BMO - BMA Gold

Going nuts, and still large orders going through.. Up nearly 100% on it's offer price - pretty much in one week. Some large buyers into this one with $100k+ orders, professionals.

Hopefully some of the older holders took up the offer, will make up some of their losses.
 

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Re: BMO - BMA Gold

i am a old holder, and this one take a long time to alive.

however, since BMA trade again, i can not see any of my shares in acc. what's wrong with that?
 
Re: BMO - BMA Gold

norip

I believe your shares and options will be with Advanced share registry services. You will need to complete a broker transfer form if you want to change sponsoring brokers or if you want to sell you will need to quote the SRN.
 
BMO - any thoughts?

I have noticed the recent action in BMO.

Does anyone have anymore thoughts or comments on its long term future with the recent ann?

volume and % increas e was good today, but is it just "a flash in the pan".

Has had some ups and downs over the past few years.

:confused:
 
Re: BMO - any thoughts?

LRG said:
I have noticed the recent action in BMO.

Does anyone have anymore thoughts or comments on its long term future with the recent ann?

volume and % increas e was good today, but is it just "a flash in the pan".

Has had some ups and downs over the past few years.

:confused:
Click to expand...

BMA are seeking more funds, .016 cents per share. They have extended their closing date by 6days following the release of some promising assays.
IMHO, it was designed to encourage investors to dig deep into their pockets,
and it will be a year or more before we see any action.
One will have to patient and hope BMA find what they looking for.
 
Re: BMO BMA Gold

any coments about this stock sems to take long time to get back on line anyone out there knows anithing about them i cant find any reports on them since the melgamasion:confused::confused:
 
Re: BMO BMA Gold

i ring mbo and tol me tha will be back in the market 11 off may i hope thay go well as im in it deep and i sespect thay will :)
 
Re: BMO - BMA Gold

Yes, that is correct. They will come back on as Gold One ( GDO) at between 22 & 24 cents.

I believe the directors have done a great job by merging with Aflease who have some 15,000,000 oz of gold reserves in South Africa and are currently producing.

Great times ahead for GDO imho.
 
Re: BMO - BMA Gold

noco said:
Yes, that is correct. They will come back on as Gold One ( GDO) at between 22 & 24 cents.

I believe the directors have done a great job by merging with Aflease who have some 15,000,000 oz of gold reserves in South Africa and are currently producing.

Great times ahead for GDO imho.
Click to expand...

George, an adder to my post, I learned today, GOLD could $2000 PER OZ by Xmas 2009.
Stay with them ole' mate.
 
Re: BMO - BMA Gold

noco said:
With gold expected to reach A$2000 by Xmas 2009
Click to expand...

LOL according to who? As the AUD rises the price of gold falls in Aussie terms. I think your dreaming if you think it will more than double in 8 months
 
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