Bullion Res Share Discussion Threads

[greenspamster] 15/2/2005 12:34

About time this will rocket with any news or even decent spec story

[topvest] 15/2/2005 12:27

Something seems to be happening here doesn't it? Maybe an RNS soon.

[stevea171] 15/2/2005 12:01

Some insiders seem to be getting news! We can assume of a new deal for the use of BLO's listing, plus cash and management to merge with an explorer (oil?) with leases, expertise and lacking cash to carry out appraisal/development.

I think we can assume the prospective deal last October got holed below the waterline, for whatever reason, and this will be expected to go through as they have had at least 3 months to select and run the rule over it.

Sp up 1.75p (+39%) this morning to 6.25p, and second in the top 10 list of risers for the day.

Happy days are here again?!

[roodboy] 15/2/2005 11:59

somebody must know something ... but they arent telling us mug punters!

[mohamed99] 15/2/2005 11:55

any news ?????????????????

[macca28] 07/2/2005 16:20

more buys today, no change!

[topvest] 04/2/2005 21:37

Yes, looks like something may be around the corner. Let's hope so, it's been a long wait!

[macca28] 04/2/2005 21:24

cant see the reason for the rise today, (they are only averaging 1 trading day a week) mainly sells,maybe something, around the corner?

[macca28] 26/1/2005 22:51

well bullion reckon they wont do any deals from now on until they are sure they have made the right decision, but companies must be wary of bullions pathetic performance too, so its not one sided,is it bullion being careful or companies staying clear of them,

[topvest] 26/1/2005 22:35

FT article - good news for current shells?

Cash shells face tighter Aim rules
By David Blackwell
Published: January 26 2005 02:00 | Last updated: January 26 2005 02:00

Aim is set to tighten its rules on cash shells, which have become an increasingly popular route to market.


The London Stock Exchange will next week publish for consultation proposals intended to keep the more speculative shells from joining the junior market. If the plans win the approval of the nomads (nominated advisers) and other Aim participants, they could take effect from March. They will apply to cash shells that have already joined the market but which have not yet done a deal.

The main plank of the rule change is a proposal to give cash shells just 12 months to do a deal. If no deal were to be completed in that period, the shares would be suspended - although the shells would be allowed a further six months to find a deal before being delisted.

The rule changes will also suggest that cash shells must raise a minimum of £3m through the flotation, and must also submit a much more detailed business plan than has hitherto been required.

"Cash shells have a valid role on Aim," the LSE said yesterday. "But the success of Aim is dependent on maintaining its reputation."

There are about 30 cash shells among the 1,000-plus companies listed on Aim. They can offer much promise, but they require health warnings. The most commonly cited case is Knutsford, a vehicle for Archie Norman, Julian Richer, Nigel Wray and Nicholas Leslau, who were planning to bid for a large retailer six years ago.

Excited investors quickly drove the stock from 1p to 270p - but no such deal materialised. Instead it eventually bought an investor relations firm and now trades under the name WILink.com.

Interest in cash shells has picked up again following the success of David Page, the former chief executive of PizzaExpress, who started Clapham House Group as a cash shell in order to build another restaurant chain.

He was quickly followed by Urban Dining, which raised an initial £2.75m through a placing with six institutions including Henderson Global, Framlington, Isis and Unicorn. All six took part in the secondary fund raising five months later, when Urban acquired Tootsies, a chain of 23 burger bars.

In September, Augean floated as a cash shell, with institutional backing for a plan to take advantage of consolidation moves in the hazardous waste and water supply industries. It initially raised just £2m at 125p, quickly returning to market two months later to raise a further £100m at 180p for the acquisition of two hazardous waste companies.

The company, which has yet to report any results, now has a market capitalisation of £165m.

[macca28] 06/1/2005 22:14

a drop in price does neither any good,golden prospect have shares and interests
in this company, it cost them 1 million pounds, but it saved bullion from collapse,and now the company are being over cautious in there future enterprises (once bitten twice shy) so its sit and wait,but it looks like a few investers are beginning to tire,(2 years idle)

[greenspamster] 06/1/2005 15:22

Hmmm plenty of selling...are they pushing the price lower for fundraising or for the reverse takeover???

[macca28] 06/1/2005 12:57

snzzzzzzzz, wake me up when you here any news

[macca28] 04/1/2005 17:20

which xmas are you talking about?

[macca28] 14/12/2004 21:01

i made a blunder with this one myself,it needs to double for me to get my money back,and the company has been sitting idle for 2 years,

[wassapper] 30/11/2004 07:00

It's all cleaned out as as shell ready for action. Wait and see what might happen. Oil is a hot subject these days. Who knows?

[maestro.] 30/11/2004 02:26

i'm looking for a blo job..and i've found it...and just found out that Tiger resources hold 11% stake also

[hectorp] 25/11/2004 19:29

I hold Cambrian, which has holdings in Tiger, which holds some of these.
Always worry about cross-holdings which tendds to denote a bubble situation. However I don't think we are anywhere near one.

[greenspamster] 24/11/2004 22:31

Zzzzz anyone sniff what is going on with this bore

[saloch] 27/10/2004 19:24

any views on this, as this hasn,t moved for a couple of weeks

[glmorris] 27/10/2004 18:51

RNS Number:5441E
Bullion Resources PLC
27 October 2004



Bullion Resources PLC (the "Company" or "Bullion")

Holding in Company


The Company has been notified by Tiger Resource Finance PLC ("Tiger"), a company
associated with Colin Bird, a Director of Bullion, that it has acquired an
interest in 9,000,000 ordinary shares in the capital of the Company as a result
of the allotment of such shares to it on 12 October 2004 pursuant to the non
brokered private placing at 2p per share.


Tiger's shareholding interest represents approximately 11.6 per cent.of the
current issued share capital of the Company.






This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLPUGCGUUPCGAM

[stevea171] 22/10/2004 13:57

I suspect the MM's are short of stock. When the share price took off last week they were probably forced to offer stock they didn't have, hoping to cover their position later. Hence the wide spread to try to discourage buying and hope that the boredom will encourage holders to lose patience and sell to cover the MM short positions. Standard MM's game!

Today's renewed buying has been clobbered pronto simerlarly by 2 suspect 100,000 'sells'. (could be a roll?)

[topvest] 17/10/2004 18:15

It all takes time. Looks like things are starting to happen though. Could see some action this side of xmas.