Bdi Mining Share Discussion Threads

[doobydave] 19/3/2007 13:29

Clear break up through the convergering uptrend/downtrend lines (?pennant?)! Next stop should be 35p.

[ged5] 16/3/2007 15:28

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 :)

[rambutan2] 16/3/2007 15:11

mwana bids for sre, so action in the sector.

[ged5] 16/3/2007 14:32

That took us all by surprise. So we've got to 29p again. Will it be third time lucky?

[sitiain] 07/3/2007 14:13

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

[ged5] 07/3/2007 10:55

The chart is beginning to look very interesting. Lower highs, higher lows! The next movement could indicate a breakout out one way or another.

Given the resources, the recent developments and the recent Saudi buying I would have thought it would be to the upside.

Here's hoping!

[ged5] 26/2/2007 08:34

Also the Al Rajhi Group have an 8.1% holding. I notice they too have a holding in Petra.

[sitiain] 26/2/2007 06:48

yes and knowing SAAD as i do they do not normally stop at 3 percent.
a good sign.
look at thier holding in petra diamonds.

[rambutan2] 22/2/2007 22:54

for the record...
LONDON - 20th February 2007 - BDI Mining Corp. ("the Company") reports that it
was notified today that following recent transactions, Saad Investments Company
Limited have an interest in 3,111,500 common shares of BDI Mining Corp,
representing 3% of the issued share capital of the Company.


So that's both the arab funds keen on diamonds appearing with over 3%. And here's a reason why they might be so keen on diamonds...

[doobydave] 20/2/2007 14:34

Cheers Ged. BTW I notice the company website is down today - is for me anyway, but wasn't yesterday. Being updated I wonder?

[ged5] 20/2/2007 12:16

Thanks for the reminder DD and very good to see you here again.

[doobydave] 20/2/2007 08:29

Overdue news of feasibility financing at Woodlark. See press release of 24 October .

[rambutan2] 19/2/2007 22:39

perhaps the chairman's mrs took a liking to it!

[ged5] 19/2/2007 20:22

Was looking good today as momentum was beginning to become positive. Pity about the last half hour.

The trend seems to be positive though.

Has there been any news of "The Chelsea Blue"?

[rambutan2] 16/2/2007 10:28

for the record, and good news imho as these arab funds seem to like building up big positions in diamond producers...

LONDON - 15th February 2007 - BDI Mining Corp. ("the Company") reports that it
was notified on the 14th February 2007 that following recent transactions, Al
Salam Opportunities Limited have an interest in 10,217,000 common shares of BDI
Mining Corp, representing 10.2% of the issued share capital of the Company.


and this puts a usefull £770k into the pot...

LONDON - 16th February 2007 - BDI Mining Corp. ('the Company') announces that it has received an application to exercise 3,000,000 warrants to subscribe for new Common shares in the Company at an exercise price of 25.7 pence per share.

The shares issued pursuant to this exercise will rank pari passu with all
existing Common shares in the Company, and form part of a Block Listing already
lodged with AIM.

The total number of Common Shares in issue, following this exercise of warrants, will be 103,589,985.

[ged5] 13/2/2007 08:20

Confirmation today of the increase in resources at Cempaka.

[paved] 08/2/2007 14:17

Diamond report

[ged5] 26/1/2007 12:04

Thanks matty,

Some nice buys going through yesterday and again this morning. Now asking the full price to buy. Somebody liked the latest update.

[mattybuoy] 25/1/2007 21:09

New Minesite article today:

[greg jenkins] 24/1/2007 22:20

Expectations are expectations. The price they receive will be what someone is willing to pay for the stones. They did say there was "continued weakness" in the rough diamond market...

[sitiain] 24/1/2007 16:02

did they noy say they expected to get 250 dollars per carat?
just that the above only shows 214 dollars per carat.
still good numbers i guess although some way off their 100,000 carat a year objective.

[ged5] 24/1/2007 11:50

Good to find previously untested diamond bearing gravels as well. All adds to the total resource.

[rambutan2] 24/1/2007 11:41

nice afx headline for a change...

BDI Mining Q4 diamond revenue rises 40 pct vs Q3


LONDON (AFX) - BDI Mining Corp said diamond revenues from the Cempaka mine in Indonesia rose 40 pct in the fourth quarter from the preceding three months as mining started in the main Cempaka Channel.

During the quarter, a total of 16,099.85 carats of diamonds were sold,
generating total gross diamond revenues of 3.45 mln usd.

Operations at the Danau Seran channel continued to perform strongly, with
record monthly diamond production of 6,524 carats achieved in October, the
company said, but added that December output was down on previous months as high rainfall impacted mining operations. The impact has been minimized and
operations remain on schedule, it said.

Drilling to the west of current mining operations at Danau Seran have
confirmed the downstream continuity of diamond bearing gravels in an area
previously untested, it added. Recent drill-hole data has indicated the
potential to expand the current resource base and extend the life of operations
in the Danau Seran area.

Despite continued weakness in rough diamond market conditions, the company
said the medium-term forecasts for rough diamond prices remain strong.


re that second from last para above...

Exploration

Drilling to the west of current mining operations at Danau Seran have confirmed
the downstream continuity of diamond bearing gravels in an area previously
untested. Recently compiled drill-hole data has indicated the potential to
expand the current resource base and thus extend the life of operations in the
Danau Seran area.

This newly identified extension of the Danau Seran palaeochannel has previously
not been included in the current mine plan, and an infill drilling campaign is
now underway. This drilling will target the refining of current drill hole data
to allow further mining of these western extensions to be included in revised
mine plans for early 2007.

[adam] 19/1/2007 16:47

I was bid for 100k of these today at the bid price, so I presume careful buyer sniffing about...

[ged5] 08/1/2007 21:04

Not sure how reliable this is since they've got the share price wrong but it could be the explaination for the fall.

"Papua New Guinea-listed stocks on the London, Toronto and Australian stock exchanges generally took a battering last week following a big drop in copper prices and weaker gold and oil prices.
The Perth-based PNG IndustryNews.net website, which closely follows the country's resources sector, headlined its weekly market watch report: "PNG Resource stocks in the red."
It said: "One of the saddest weeks of trading for PNG-focused companies, in line with the fortunes of resources stocks globally, was prompted by the lowest copper price in 10 months.
"Positive announcements were conspicuous by their absence as mining stocks were helpless to arrest what they would be hoping is only a brief demise."
A related MiningNews.Net website, also run by Perth's Aspermont Group, in an item titled "A day of carnage" suggested resources stocks had been "well and truly smashed as investors freaked out at copper's fall below US$6,000 (K14,781.97) a tonne".
Listings of the performances of PNG-related mining and oil companies showed they came off comparatively well on the Australian Stock Exchange were nine out of 13 companies experienced falls.
By contrast all three PNG-related stocks on London's Alternate Investment Market (AIM) recorded losses during the week with Rift Oil down 24% to 4.66 pence; BDI Mining down 12.3% to 30.2 pence and Triple Plate Junction down 4% to 25 pence."