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have to agree doogie, good fundamentals, no debt, process plant acquired at bargain price and making profit even at such low commodity prices for base metals! BSM is definately one to watch and i wont be rushing to offload my holding any time soon! their shareprice has only one way to go from here is my guess! :)
 
Re: BSM - Bass Metals annual report 2009

gamefisherman said:
BSM just released their annual report..had a quick squizz but need to find some time to have a good look, anybody had a chance to look at it? and offer any comments..............hold as of today.......

http://www.asx.com.au/asxpdf/20091009/pdf/31l7w1j8jsrrhm.pdf

cheers
Click to expand...

MFC is a cheap way to enter BSM for anyone interested.

MFC owns 20% of BSM which has a current value of ~$6.6m. MFS also has about the same amount in cash, plus a cash flow positive project.

Their current market cap is only <$8m, so they are valued at ~1/3 of where they should be by my calculations.

You can buy MFC which is trading at the same price at their BSM holding, and get the cash / project for free essentially.
 
does anyone knowwhy BSM shares have been suspended at the moment? an announcement pending perehaps? hopefully a positive reason as this company has good potential IMO :2twocents
 
Nothing on this stock since late 2009. Bass are now producing and I would welcome current opinions as I am looking for a Silver stock to invest in.
 
Bass Metals has seen slow but steady gains over the last eight or nine months. It seems to be heading towards a double top formation at about 3.5c so it will be interesting to see if it can get past that and make a break towards 4c.

big.chart-BSM.gif
 
greggles said:
Bass Metals has seen slow but steady gains over the last eight or nine months. It seems to be heading towards a double top formation at about 3.5c so it will be interesting to see if it can get past that and make a break towards 4c.

View attachment 87439
Click to expand...
It did hit the double top as you said Greg …. Been retracing last 3 months …. Some interest off the recent lows today with positive news on Lithium grades in their "Millie's Reward Project" in Madagascar.
 
barney said:
It did hit the double top as you said Greg …. Been retracing last 3 months …. Some interest off the recent lows today with positive news on Lithium grades in their "Millie's Reward Project" in Madagascar.
Click to expand...

It appears to have spent the last month and a half consolidating between 2.3c and 2.8c. Volume was fairly high yesterday but decreased by about 50% today.

Yes, nice announcement from the Millie's Reward Project yesterday. BSM will be news driven from here I think. A break through 3c on good volume and we might test old highs, but there seems to be too many sellers at current levels.

big.chart-BSM.gif
 
When I can get some charting software to work as I did 10 years ago, I will post a chart.
It would show BSM nearing resistance at 1.6cents, having hit an annual low of 1.1cents just a month ago.
As BSM is again a real producer of something, and making a profit, albeit small, its downside is limited in the short term.
Share dilution over recent years means getting back up to 3cents is a long road.
 
Here's a 3 year chart.
Noticed a volume pickup today.
Don't hold, just interested at this stage. I think there's some drilling results due soon or something, it's late e and I forgot....:wheniwasaboy:
Screenshot_20201002-033025.png
 
Last edited:
So based on a potentially large graphite play, with some drill results due soon (next few weeks from mid Sept ann) and updated Jorc at some stage (this year?), I decided to buy and hold a small quantity of Bass.
Directors also picked up around 25,000,000 shares recently.
Around 4 biliion shares mc, could take a while!
 
A snippet...

ASX Announcement
17 November 2020
Bass’ concentrates achieve outstanding results for application in critical mineral technologies

Bass Metals Limited (ASX:BSM) (“Bass” or the “Company”) is pleased to announce its continued progression towards downstream manufacturing of advanced materials and specialty carbon products.

Bass has recently concluded a series of advanced tests with prospective alliance partner Urbix Resources (Urbix), a leading US technology firm in the critical
minerals and battery materials space that specializes in advanced energy storage cell designs and materials.

Bass’ commercially proven, large flake graphite concentrates, sourced from the Company’s wholly owned Graphmada Mining Complex, delivered outstanding
purification results exceeding 99.9% for the >180-micron flake class and 99.7% for the >300-micron flake class.
 
Screenshot_20201124-133106~2.png

Despite needing to be frugal, they seem to have a very nice deposit on their hands close to existing facilities.
(Proof of Life can be found in barcodes, sometimes.
Caution, movement can be death throws.)
Look, no barcodes! Ha.
Screenshot_20201124-133737.png
 
CLEAN, LOW COST ENERGY TO ELECTRIFY GRAPHMADA GRAPHITE MINE

Bass Metals Limited (ASX:BSM)(the Company or Bass) is pleased to provide shareholders with an update with regard to the key governing parameters of the Graphmada Mining Complex (the Project) and the Company’s plans to expand operations, to cater to both the advanced materials market and
traditional markets for its commercially proven graphite concentrates.

HIGHLIGHTS
• The Government of Madagascar’s is progressing a major electrification project between the capital Antananarivo and the port city of Tamatave, electrifying areas along National Road 2, immediately adjacent to the Graphmada Mining Complex.

• Upon completion of the electrification project, valued at EUR 203 million, Bass plans to access mains power via the construction of a 20-kV powerline from the nearest substation to deliver cheap and clean baseload power to service an expanded Bass’ operation with a materially reduced operating costs.

• Graphite prices have materially improved and Benchmark Minerals are now predicting that the graphite market will fall into a supply deficit from 2023.
 
I have added to my holding.
Purchased another 1.2 million on 0.005
Am expectecting a capital raise at some stage as alluded to by @peter2 in an above post, but the amount of graphite these guys are sitting on is surprising.
Any capital raisings are expected to be getting mining operational on Graphmada.
Slow and steady wins the race.
A bottom draw stock in my opinion.

Adding to the purchase came after a consideration of selling my holding on 66% profit and moving the equity to "faster movers"... however graphites, rare earths, heavy metals etc, are all in demand and the Graphmada complex won't disappoint, it's just a slower prospect in my opinion.
It's in my long term bottom drawer.

Screenshot_20210122-111909.png
 
Was surprised to find that Fridays trading turned into a record day out of the blue?
Largest volume day in years.
Largest volume week and month in years also.Quite impressive.
No idea as to why.
A five year chart.

Screenshot_20210124-201424.png
 
Speeding ticket received today and responded to in the blink of an eye... must have anticipated that one coming eh?
Fastest turnaround I've ever witnessed.
Don't know if thats a good thing or bad?
There's a whole gap of 29 minutes between trades...
 

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