Bdi Mining Share Discussion Threads

[poacher45] 19/5/2006 10:00

I cannot believe this share is so low after even being tipped in the investors chronicle.

[rambutan2] 19/5/2006 09:59

ho humm.

this stock mkt lark really is a mindfxxk.

[unionhall] 19/5/2006 09:46

Pass me a plaster or some aspro....

Or perhaps a blood transfusion...

[brakoll] 18/5/2006 22:47

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[ged5] 18/5/2006 22:23

God, this is a grim share to hold. Is there anyone else sharing the pain. Speak up now cos I don't want to hear from you all when this is soaring.

[ged5] 17/5/2006 14:50

"The Cempaka project is held in an 80% JV with the Indonesian government mining group P.T. Antam."

Think I overlooked the overhead statement in my previous calculations. Shouldn't make too much difference if we mine the projected amount of diamonds and gold.

Expecting the 1moz announcement by the end of next month so with the usual mining company delays we should have it by September!!

[muttleyrules] 17/5/2006 14:31

Thanks for the response Ged ... £3m is the group overhead assumed in the broker note pa ... what do you mean by 80%?

[ged5] 17/5/2006 14:01

muttleyrules, thanks for your question.

I agree with most of your figures.

Using the same sources we are given an average $299 sales $206 costs.

Projected carats per month is 8000.

Taking 80% gives a profit of about $7.1M

I have missed the 3m overheads. I'm not sure where this comes from.

Upside from here:-

We have been told that costs are going to be cut so there should be an increase in the above profit figures.

Also don't forget that Martapura is very similar to Cempaka and at Bobaris I've been told there are diamonds everywhere. It is the source of Cempaka and Martapura. These 2 projects will be started when the others give enough cash flow.

We should be hearing about an increase in resources at Woodlark by the end of next month

[muttleyrules] 17/5/2006 13:03

Read the broker report ... and looked at the quarterly diamond mine update. Sales in Q1 looked disappointing but are expected to improve as they target higher grade blocks. If you assume they sell 32000 cts this yr that makes for a $3m profit. With overheads of £3m per annum that pretty wipes out profits ... so i assume the buy case is all about a ramp up in production ... but if you assume 140000 cts pa (post Stage 2) at $250 per ct you end up with $35m of revs and profits of c$6m (i assume $206 of cost pe ct as per quarterly update). Less £3m overhead you only make a small profit. To make it more exciting you have to assume $300 per ct which makes £7.5 or £4.5m after head office and £3m post tax ... this is a cash flow that might only last for 10 years.

So ignoring the gold story where's the upside here?

[rambutan2] 17/5/2006 12:26

doooooooooooooooooooooooooooon.

100k sold this am to mms at 25.5p.

[cestnous] 16/5/2006 08:31

Ram

And mine! Onward and sideways.

[rambutan2] 16/5/2006 02:00

not bad, as only 18,700 buys and 686k sells (or something along those lines). So perhaps fair to say we've reached a bottom and even mms happy to keep it there?

in any case, it was my best performing commodity share of the day.

[simon54] 15/5/2006 21:42

Meanwhile, somewhere in a parallel universe, BDI Mining continues to show no correlation whatsoever with... er... anything much....

[ged5] 15/5/2006 20:58

ramnik007.

BDI Mining Shareholders

Fidelity
DIT Allianz
Tectonic Fund
RCM(UK)Ltd
JPMF Natural Resources Fund
RAB Capital
Resources Investment Trust plc
First State Investments UK

The above were given at the minesite presentation. No individual figures were given. There have been some announcements since.

Approximately 27M shares were held by institutions at this time.

[ged5] 12/5/2006 20:39

cestnous,

Main holdings since the beginning of the year + VLK and WHI here:-



Yep BMG letting me down

Cheered me up seeing a .5p rise. Reading teletext this morning it looks like we're overdue a 5% drop for the market in general. 3% drop since Wednesday so not much further to go perhaps.

ramnik007, if you look on the minesite presentation it gives all the institutions holdings. If you can't be bothered I'll be checking next week - been too busy this week.

[simon54] 12/5/2006 16:32

- the last place I was expecting to see something good today! Perhaps the chart's been the wrong way up for months ;-)

[rambutan2] 12/5/2006 16:21

well, share price on this seems rather uncorrelated to general mkt sentiment!

[cestnous] 12/5/2006 16:08

Nice little end of day tickup. And on a bad day too?

[cestnous] 12/5/2006 14:05

GED5
Missed your ealier post.
I'll show you mine if you show me yours;
IEC, UEN, AIMR, AFN, GEX, OEX, RVD, FRR, PANR, PDL,ADC, APC,AEL,AST,GPC,TMC,
and recently, VDM, THR, SEA.
Built up over two years. I try to research, watch, buy and dump if they slump keeping the winners. I will keep BMG unless it slumps.
Now get out there and buy some more!

[ramnik007] 09/5/2006 18:54

Which financial institutes hold this stock, and what % is held by them. It looks like someone wants to be out of this stock and any positive newsflow is being used to sell into the mkt.

[rambutan2] 09/5/2006 16:55

dooby, your time has officially arrived - offer at close = 27.5p

or having read through all the woodlark gumph are you looking for some answers before you committ?

[rambutan2] 08/5/2006 17:02

yes, two big buys at 27.75p and 28p totalling 550k and one 100k sale at 26p. well, the mms must be happy!

[ged5] 08/5/2006 13:17

Added to the header r2. Thanks. Looks like someone's realising the value here at last. Is that a 250000 buy at the full offer?

[rambutan2] 07/5/2006 22:59

one for the header. yes, i know that it ends on 19/12/05, but good source up until that point ie note rab stake disclosure 11/10/05...


and aim admission doc of 08/10/04.