Bdi Mining Share Discussion Threads

[chonk] 02/2/2006 08:19

I bought this stock at ceiling price. Getting a little irritated by the constant ticks down in price. Is it just me?

[ofex punter] 02/2/2006 07:10

RESULT OF JANUARY DIAMOND TENDER

LONDON - 2 February 2006 - BDI Mining Corp. (AIM-BMG) announces gross proceeds
of US$1,483,802 from the sale by tender in Antwerp this week of 6,913.50 carats
of gem diamonds from the Cempaka mine in Indonesia.

Tendered for sale were 4,276.66 carats of run-of-mine gem diamonds larger than
2mm, which sold for US$1,173,148, representing US$274 per carat.

Also tendered were 2,636.84 carats of fine diamonds (smaller than 2mm) recovered
as a by-product in the gold and platinum recovery circuit, which sold for
US$310,654, or US$118 per carat.

BDI Mining Managing Director and CEO, Mr Lee Spencer, said: "We are pleased with
the tender result given that the softer diamond market prices experienced in
November and December have persisted into January. We're also delighted at the
high price received for the sale of the fine diamonds making it a successful
fourth tender for BDI."

The tender was conducted in Antwerp under the supervision of BDI Mining's
independent consultants, WWW International Diamonds Consultants Limited. BDI
Mining's next tender will be held in February 2006.

[doobydave] 31/1/2006 17:20

It took 13 days days in October between shipment and sale RNSs, and 18 days in December. It's now 15 days since the January shipment RNS. Any day now...

[rambutan2] 31/1/2006 17:10

good question then!

[ericeb206] 31/1/2006 16:08

I am surprised that there has not been an RNS because the last batch of diamonds were sold last week.

[badtime] 30/1/2006 11:41

True..hence mayb the sellin that has been going on (i think)from original backers

[unionhall] 30/1/2006 11:40

I guess it is this one - on admission to AIM...

vi) In September 30, 2004 in connection with an application by the Company for
admission to the Alternative Investment Market in London, England (AIM), the
Company placed 11,000,000 common shares at 14 pence ($0.3225) for cash
consideration of $3,547,500.




Hard to complain about the company when the shareprice has increased by 124% in 16 months....

[badtime] 30/1/2006 11:36

OOOO..previous one..still that is dated jan 20th

[unionhall] 30/1/2006 11:34

I don't understand the numbers quoted above. 11m shares should give approx £3.3m (assuming this is a current placing).

[badtime] 30/1/2006 11:34

Placing?..surely s/b rns re that?

[unionhall] 30/1/2006 11:29

PNG Post-Courier
26 January 2005




New gold find at Woodlark


PNG Post-Courier, Sec. Business news, p 0039 01-20-2006
CANADIAN gold exploration company BDI Mining has struck gold on Woodlark Island, Milne Bay Province. The Woodlark mine is fully owned and operated by BDI Mining Corporation. BDI said in a statement that gold mineralisation at the Kulumadau deposit was previously thought to be terminated in the north by a north-west trending cross-fault. They said a test drill was undertaken which showed a new gold vein in the area. BDI Mining Corp is a Canadian company whose focus is on diamond and gold exploration and production in the Pacific Rim. Its two principal properties are the Cempaka Diamond Project in the Kalimantan region of Indonesia and the Woodlark Island gold project.
BDI managing director and chief executive officer Lee Spencer said the results represented the discovery of a new zone of gold mineralisation beyond the cross-fault, adding at least 120m of strike length to the deposit. Two widely spaced diamond drill holes, BKD30 and BKD31, were drilled to test the theory that mineralisation continued to the north of this cross-fault, along the periphery of a large induced polarisation resistivity anomaly. Mr Spencer said this anomaly was interpreted to represent gold deposits. Continued drilling this year will be aimed at confirming mineralisation if it is radially distributed on the flanks of this breccia body. This new zone of mineralisation is similar to the base metal-carbonate system at Kulumadau and open further to the north. I am excited by the potential implications for expanding the size of the Kulumadau deposit, Mr Spencer said. The group has raised 1.54m (K8.77 million) on the London Stock Exchange via a placing of 11 million common shares. BDI intends to use the net proceeds of the placing to provide further working capital, further development at the Cempaka Diamond Project; and then to fund further exploration at the Woodlark Island Gold Project.

[unionhall] 26/1/2006 21:08

And a Diamond sale RNS due Monday or Tuesday...

( 8am Monday if it follows the pattern of the last three)

[badtime] 26/1/2006 18:56

and it ends up nicely..bak to square one then..lol

[ged5] 26/1/2006 09:52

Thank you.

[unionhall] 26/1/2006 09:32

Ged5 - no.

[rambutan2] 26/1/2006 09:29

extra rations of gold and diamonds - im surprised that the share price hasnt dropped another 5p!

[ged5] 26/1/2006 09:29

unionhall, Do you know how many are left and likely to be fed to the market?

run12, not for a while yet. Maybe 2-3 years.

[badtime] 26/1/2006 09:00

oo..positive..not surprised

[doobydave] 26/1/2006 08:24

In for some more this morning.

[badtime] 26/1/2006 08:22

n the pice drops...amazing...hey ho..i'm stickin...fundamentals havent changed..they've improved!

[unionhall] 26/1/2006 07:29

More gold and more diamond Licence area announced today......

[unionhall] 26/1/2006 00:03

I understand approx tens of millions of shares of original venture backers have been fed to the market over the last six months or so as they bank hefty profits to date.

[zaitoon] 25/1/2006 21:32

have to confess i dont understand share price of this. Only scenario that fits is share placing but this has been goin on for a long time now - what else could be holding it back

[run12] 25/1/2006 13:00

Does anybody have any idea when production at Woodlark will likely start up.

[ged5] 25/1/2006 11:59

Assuming the different possible monthly production when the mine is at full capacity, the gold price at an average of $550 per oz
Costs $250 per oz
Increased the number of shares to 100M in case there is fund raising based on equity.
Need to consider the effect of diamond sales as done above.

Think you might be right Rambutan2 we seem to have a buying opportunity.