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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bdi Mining | BMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 36.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.50 | 36.50 |
| Top Posts |
|---|
Posted at 11/4/2007 07:19 by spacecowboy3 Recommended cash offer from Gem Diamonds @ 37p per share.Not what I had in mind when I first bought these at 35p! :-( |
Posted at 03/4/2007 16:38 by rambutan2 bmg is no longer quoted on tsx, and hasn't been for a while, so doesn't qualify for isa. |
Posted at 29/3/2007 11:18 by gisjob2 Don't think it will be petra, They have no interest in woodlark gold, they're a pure diamond play,and although expand through aquisition, they met with shareholder disapproval when trying to take over Mano. Basically cause they had to much on their plate already and mano was like BMG diamonds and gold. |
Posted at 20/3/2007 08:36 by spacecowboy3 So this is what was driving the price yesterday -Now confirmed by BMG as possible sale of Woodlark - |
Posted at 16/3/2007 15:28 by ged5 Thanks r2,You seem to know a bit about SRE so well done. I assume that since not all the diamond companies are being marked up it is only the producers. And with BMG increasing production it does seem logical that it's marked up. Can't be happening then :) |
Posted at 07/3/2007 14:13 by sitiain interesting to see SAAD taking a big stake again in petra diamonds.i hold both companies. also i see alrajhi holdings are big holders of both of these stocks. knowing petra as i do, i really can not see that they need the money they have raised from bhp and saad in the last week. there business doesn't lose much money . their diamond producing mines are expected to be profitable this year. their exploration costs in Angola are taken care of by BHP. maybe i am way off the mark here but it looks like they might want to acquire a business. i dont think they can afford BMG and its too far from africa . but interesting all the same. i really can see this business being split as it would seem undervalued. the gold asset would be a favourite to sell i would imagine leaving a rather tasty small diamond mine. thoughts always welcome |
Posted at 05/1/2007 18:06 by spacecowboy3 MattybuoyMany thanks for that suggestion - i've just spent a very informative couple of hours looking at the presentation and AGLD's website. The latter has some videos of the Simberi project which, although out of date, gave me much better feel for what would be involved in a project such as Woodlark Island. Bottom line seems to be that AGLD have been able to raise the equity and debt required to finance a $60m development on a PNG island that doesn't look any more developed than Woodlark. They're initially shooting at about 1m oz in oxide deposits (i.e. about the same as current BMG estimates) although they seem very keen on the potential of the underlying sulphide desposits (currently about another 2m oz inferred) - I suppose that might a point in their favour although BMG have talked a good deal about the WI 1m oz being increased. Anyway, I feel a good deal more comfortable now about the value of WI. As to whether that will encourage me to buy more BMG.... - well a look at the AGLD share price chart doesn't fill me with enthusiasm and the market for resource stocks seems to be pretty negative again at the moment so maybe I'll wait for a bit. Thanks for the help everyone. sp |
Posted at 05/1/2007 16:05 by mattybuoy I would guess that in reality $45m might be too low. A power station would need to be built as well as extending the port facilities, building roads and doing various things with water.For a real example of a very similar island-based PNG gold project in the actual construction stage check out Allied Gold (LSE:AGLD). They initially estimated capex at $43m but had to up it to $60m. The presentation below goes into some detail as to the costs Disclaimer: I hold both AGLD and BMG. |
Posted at 28/12/2006 04:49 by kluk069 Bmg features highly on my prospects list but I find it hard justifying the recent rises on buying activity (e.g. almost 6 ml going through on friday 4p below bid!) Seems a direct contrast to the story at my other sound favourite srb - any wiser owls around here with a few rational opinions to help clarify bmg goings on? |
Posted at 22/12/2006 10:31 by ged5 Well I got this one completely wrong in 2006. BMG started the year off at 36 offer and is going to finish 25-30 bid probably. At least we were able to pick some up at 19p.I expect a pull back in the new year as the wet season may hinder progress, especially if it's as bad as last year. Mind you we still have the sale of the Chelsea Blue to come. I'm hoping 2007 will be an excellent year for BMG with progress being made at both Cempaka and Woodlark. The quality of diamonds seems to be very high in this region. Have an excellent Christmas all. Let's hope it will be peaceful. See you in January. |
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