Bdi Mining Share Discussion Threads

[integer] 02/3/2006 00:36

Ram - agree entirely, who the heck are HH anyway? BDI announces quality data for both its main operations and they can't apply two different models and then sum together...

The analysts who do cover BDI have managed it, why can't he! I hope he doesn't have any conglomerate clients in his portfolio otherwise I hate to think how much he has to scratch his head for that!

[rambutan2] 01/3/2006 23:51

well i like the model, trouble with mano is that it aint producing diamonds like bdi and is much less focussed. that said, it's clear the bdi management have failed to get the message across to the simpletons in the city...

"Are they a diamond company or are they a gold company?" asks Sacha Borthwick, analyst at Hargreave Hale. In a crowded market where companies compete for attention, BDI hasn't done itself any favours by being tougher than others to analyse. "Valued on an earnings basis on the diamond operations the company would probably look good," says Mr Borthwick, but he adds that on the current mix of assets "a peer group comparison is a tough ask".

oh dear me, it's more difficult to analyse! and to stick in a peer group comparison!! and it doesnt help that they are actually earning cash when none of the others are!!!

bloody hell!!!!!!!!!!!!!!

[unionhall] 01/3/2006 20:18

Hopefully split the assets and allow them to be properly valued. It would also be easier to raise funds I imagine either for a Gold business or a Diamond business. At least the company sees and accepts the problem. BDI's finance chief Chuck Forrest admits that the mixture of diamonds and gold projects now has a limited shelf life

I am invested in another much undervalued company, Mano River, with the same identity issue - Gold or Diamonds ?

I guess the positive is that there is unlocked potential here so hopefully it will get resolved in the near-term.

[ged5] 01/3/2006 19:18

So what will it be, fundraising or part sale?

[ged5] 01/3/2006 10:57

Are the 50000 traded so far today all sells?

[ged5] 28/2/2006 19:23

A little background information on how diamonds are formed whilst we await the next news.

[ged5] 27/2/2006 08:36

simon54, with BMG.

For anyone in this it doesn't really matter but I thought for anyone new it makes the research a liitle easier. I was greatful to the many experienced investors on this thread when I first researched this company for pointing out some of the links. The problem is there have been s many posts since that they are difficult to find. I also like to have the long term chart.

Excellent weekend in South Wales. Lets hope its the start of a good week for BMG as well.

[rambutan2] 24/2/2006 22:42

the only way is up...

[simon54] 24/2/2006 20:43

Hello, where do I put my bed-roll?

[staymour] 24/2/2006 17:19

Ged

Golly, 0.5p up and new header links, heart races with excitment :-)

cheers

[ged5] 24/2/2006 16:36

Usually happens. Did it for months on a couple of other threads.

[unionhall] 24/2/2006 16:32

See you have been talking to yourself.....

[unionhall] 24/2/2006 16:31

Bit of a shock on a Friday PM Ged. But I guess we have the Week-end to adjust.

Cheers.

[ged5] 24/2/2006 16:29

unionhall, staymour and everyone else, I've updated the thread. Hope you don't mind but I wanted a few other links in the header.

[ged5] 24/2/2006 16:22

Good to see a little tick up this pm. Hope it augurs well for next week. Saw that another diamond company was tendering at Antwerp today so maybe we've had ours tendered today as well.

[staymour] 24/2/2006 16:17

dunno, dunno, but I accumulated a few more today. Here's hoping we'll all be pleasantly surprised by the auction results.

[unionhall] 24/2/2006 15:59

Do the late buys and mark-up indicate the February auction is over and results next week ?

[unionhall] 24/2/2006 15:59

Do the late buys and mark-up indicate the February auction is over and results next week ?

[staymour] 20/2/2006 18:35

well 2% is modest but it's encouraging that the polished diamond jewellery market is expected to harden during 2006.

[ged5] 20/2/2006 16:39

We could do with a sustained rise from here. We should have some news shortly.

[unionhall] 20/2/2006 08:42

De Beers to hike diamond prices
By Jon Nones
17 Feb 2006 at 09:40 AM

De Beers said it will increase rough diamond prices by less than 2% at its sale starting on Monday, the first price hike in eight months.

The increase is due to growth in consumer sales of polished diamond jewellery last year that is expected to continue in 2006, De Beers said in an email in response to a query on Friday.

[ged5] 19/2/2006 12:42

Did anyone else miss this in the last exploration update?

"BDI Mining also announces the lodging of an exploration application covering
29,000ha in the Martapura region of SE Kalimantan, Indonesia, 3km north of BDI
Mining's operating Cempaka diamond mine. The tenement covers an interpreted
diamondiferous palaeochannel, similar in both geological setting and dimensions,
to the Cempaka Palaeochannel immediately to the south. This prospect is believed
to consist of alluvium derived from the same hard rock source that contributed
to the Cempaka diamond deposit which BDI Mining is now successfully mining.

In accordance with Indonesian regulations, BDI Mining Corp will hold a 90%
interest in the area, with 10% held by local company PT Indomineratama. Both
companies are also joint venture partners on the on the potential source of the
alluvial diamond deposits, the Bobaris Block project."

[ged5] 19/2/2006 12:20

The intro on the other thread seemed a litte dated so decided to put a few things together here.

[ged5] 19/2/2006 12:18

CEMPAKA DIAMOND MINE QUARTERLY UPDATE

4th Quarter 2006

LONDON - 24th January 2007 - BDI Mining Corp. ('the Company') announces its quarterly sales and production report for its Cempaka alluvial gem diamond operation in SE Kalimantan, Indonesia.



Highlights:

• Revenue from diamond sales up 40% over Q3
• Mining operations commence at Cempaka Main Channel
• Encouraging valuation for Main Channel Production
• Potential for resource increase at Danau Seran


BDI Mining is a small company which has been producing diamonds at Cempaka since August 2005 and is about to increase production early next year to about 8000 carats per month.

There is also another site at Martapura which is similar to Cempaka and Bobaris which is said to be the source area for the alluvial deposits at Cempaka.

There have been rapid developments at Woodlark Island which has measured, indicated and inferred 1million ounces of gold.



Home Website:


First Minesite Presentation:


Latest Minesite Presentation:


Resource Investor article 26/4/06



As things stand, BDI is a unique and appealing proposition, and those investors who get in before the market wakes up to this, as one day it must, could be especially richly rewarded.



Latest Research:


Increase of DIAMOND resources at CEMPAKA:


BDI Mining Corp. (AIM:BMG) announces that an independent reserve and resource assessment of the Danau Seran and Cempaka Palaeochannels within the original Contract of Work area has resulted in a 91% increase in global resources to 1,412,950 carats.


Increase of GOLD resources at WOODLARK ISLAND:



LONDON - 24 October 2006 - BDI Mining Corp. ('the Company') reports the
completion of an internal scoping study with the use of external consultants to
assess the viability of developing a gold mine at the Company's 100%-owned
Woodlark Island Gold Project in Papua New Guinea.


The study has demonstrated the feasibility of an 80,000 oz per year open pit
mining operation with an initial mine life of 4 to 5 years. Average cash costs
have been estimated at US$300/oz, with an average open pit grade of
approximately 3 grams per tonne. Inclusive of all contingencies, it is estimated
that capital costs would be in the region of US$45 million.



JUNE 2006 Presentation