Bdi Mining Share Discussion Threads

[dean moriarty] 17/2/2006 11:08

i feel investors are being discourages by BDI not having a clear plan. I would prefer they got the dredger scooping up diamonds to confirm the expected returns and then move on to the gold at woodlark. it would also help if they issued a dividend to support Lee Spencer's statement of 'committed to increasing shareholder value'.

[chonk] 15/2/2006 11:36

rambutan2
understatement!

[rambutan2] 15/2/2006 11:28

what is there to say?

company delivering on all its promises and producing a steady flow of shiny stones. also, getting on with woodlark gold and upgrading resources. on the face of it, everything looking great.

meanwhile, the very far from inflated share price tries to drift down due to constant stream of bigger sellers. after a bit everyone gets bored...

[greg jenkins] 15/2/2006 03:33

Not much on this thread of late...

[unionhall] 14/2/2006 10:34

"BDI Mining's next tender will be held in February 2006."

Missed this sentence in last RNS....

[chonk] 11/2/2006 13:30

Wait....wait..............wait................................wait................................................................still waiting..............zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[ged5] 08/2/2006 20:05

Spot on DD.

"Hardy added: "At the moment engagement rings are selling very well at auction. Good-quality, single-stone diamond rings we could sell all day, and if it is signed by a well-known house, like Cartier, Tiffany and Hamilton, that is always better. Inches, too, is very well respected. As a general rule, people should buy the best quality they can afford."

There are four things to keep in mind when shopping for a diamond: cut, colour, clarity and carat. The latter refers to the gem's weight. Typical engagement rings in the UK are between half and one carat. The most valuable diamonds are colourless, although yellow and pink diamonds have become fashionable alternatives in recent years. Clear (or white) diamonds are graded D to Z, with a perfectly colourless diamond graded D. How much a diamond sparkles will depend on its cut and clarity. A perfect diamond will be classified IF, for 'internally flawless'..."



Worth a read while we await the next set of news. Thursday's usually a good day for news. Now would be a good time to let us know about some of those big stones.

[doobydave] 08/2/2006 19:51

Don't worry, unless you need the money shortly. The diamond ops alone will eventually demand a re-rating, unless something goes unforseeably wrong. BDI isn't some junior exploration hopeful and there's only so long that the market will ignore serious cashflow.

Just now there are any number of undervalued resource plays on TSX, ASX and (even) AIM, the latter usually being a dead loss. Only so much money to go round these stocks, but value will out eventually.

[chonk] 08/2/2006 17:10

Mogseye

'Wotshot tipster is still positive this stock'

Wotshot is the only positive in this company - I am a holder and am completly disenchanted - down again today! I can only believe that some one will step in and buy up this minnow

[mogseye] 06/2/2006 14:42

Wotshot tipster is still positive this stock.

[davidblack] 06/2/2006 11:46

There is a distinct lack of voice in London on this stock.

Apart from this board there is no comment anywhere.

[badtime] 06/2/2006 10:21

its usual gyrations? no idea..lol

[ged5] 06/2/2006 10:19

So what's happening here today?

Technical bounce or news in the pipeline?

[chonk] 04/2/2006 11:03

Disenchanted with this as it's not going anywhere fast......it's RIPE.

[ged5] 03/2/2006 11:12

Well this isn't just a bad reaction to the last sale.

News of any fundraising needs to brought out soon to remove the uncertainty. Once we have that settled I would have thought the path was clear for a large rise.

If it is sellers there seems little evidence. There's only been 2 days in the past 3 months when trades have totalled over a million.

[chonk] 03/2/2006 09:58

This looks ripe for a take over

[rambutan2] 02/2/2006 14:24

i do hope that they aren't bid for at anything like current price. i have v high hopes for bmg and can only imagine that what's held it back has been the ever present seller/s around. perhaps there's still plenty more to come and so the clever money just waits on the sidelines until the seller/s are about dried up. the whole thing's a bit self perpetuating. but at some stage i'm betting that bmg will break out and start to motor.

[doobydave] 02/2/2006 13:37

Further to that, in the October Park Green note, Au and Pt are mentioned:

"To date, 105.9 ozs of gold and 17.8 ozs of platinum have been
produced as dore and despatched for refining and sale. Not big figures, but it comes in as pure bunce so adds over US$50,000 to cash flow."

It is not made clear over what period that quantity had accumulated.

[doobydave] 02/2/2006 13:31

The other unknown is the quantity of gold and platinum by-product they are picking up in the recovery circuit. Nice casual throw-away line, that. This could be quite a bonus, as alluvial Au and Pt won't need much processing, if any, and sales will drop straight to the bottom line.

[doobydave] 02/2/2006 13:25

Interesting. $25/oz is a pretty conservative value but fair for an inferred resource - 5% of gold price at $500/oz. That multiplies out to $15m or (roughly) £8m.

Diamond sales currently $15-18m pa or (say) £10m pa. with upscaling to come, although costs are not yet clear.

Market cap £26m.
Cash £2.0m (or more by now)
Debt £1.45m
80% JV with Indonesian government

Maths isn't difficult. This is very undervalued and has further interest as a takeover target. I wouldn't be surprised if BMG was on Avocet's radar - they could be a very useful JV partner at the point of development.

[ged5] 02/2/2006 11:38

From the same research note:-

"Assuming 600,000 oz high-grade gold, on Woodlark(our estimate), valued at US$25/oz, this gives a value of £8.5m."

I never could understand that sentence. No wonder BMG now have a new broker and Nomad.

Still undervalued!

[ofex punter] 02/2/2006 10:20

Price target 53p!!!!!!!!!

[ofex punter] 02/2/2006 10:19

Assuming our estimated value of US$250 / carat the
increased production profile generates US$1m per
month, or US$12m annually. BDI's original
development plans at the time of flotation, called for a
multi-stage development for Cempaka. Stage One, the
Danau Seran limb is now complete. The second stage
involves the mining of the main Cempaka channel. BDI
will construct a new recovery plant. Construction will
begin in Q2 2006, and will take less than 6 months to
complete. The Stage Two plant will be designed to
produce at the rate of 100,000 carats / year. The third
stage, the mining of the deeper Cempaka channel, will
be undertaken after Stage Two. Once stage Two is up
and running, diamond production will be at the level of
140,000 cts / year. Although not in the "super league" in
diamond production, this regular income from a 'junior'
explorer is exceptional. With the known reserves,
producing at the increased rate, the life would be 10
years.
The Cempaka project is held in an 80% JV with the
Indonesian government mining group P.T. Antam. BDI
however has the right to receive US$32m of project
cash-flow to repay project loans acquired at the time of
the acquisition.

[ged5] 02/2/2006 08:21

Looks like the news of the lower average price per carat for the gem diamonds was out yesterday afternoon. They don't seem to need much reason to drop the price after a sale. The higher price for the fine diamonds brought the proceeds to $1.4M which is just about around the target.

2 more announcements to come this month I reckon.