Bdi Mining Share Discussion Threads

[arf dysg] 23/11/2006 11:26

Diamonds must be flavour of the month. EPD's share price is doing exactly the same thing.

[unionhall] 23/11/2006 08:41

Just got it on Google News alert last evening...

[sitiain] 23/11/2006 06:15

thank you union hall.
what date was that sent out please.

[unionhall] 22/11/2006 21:39

Pretty good write up ...

[doobydave] 21/11/2006 18:18

From the River Diamonds BB today, with credit to omrothwell:

"Found, whilst reading through some other company's broker note, an opinion on the future of diamonds:

"The diamond industry was for many years controlled by the De Beers company. In recent times its grip has been loosened and it now supplies less than 50% of the world's annual demand for diamonds. Historically the price of diamonds has risen by around 3% per annum on a compound basis. In recent years the rate of increase has increased as major producing mines such in Australia and Russia have started to pass peak production levels. Since 1999 the average shortfall of production, over supply of rough diamonds has been more than 10%. This has historically been met by De Beers running down its stocks but those stocks have now been nearly exhausted. And with many of the world's largest mines now in or approaching decline and demand continuing to increase steadily, the annual shortfall of supply is expected to grow. De Beers forecasts that by 2010, diamond producers will be only able to supply around 60% of global annual demand for the stones. In this report we assume that long term trends in diamond pricing continue but the risks to those assumptions appear to be on the upside.""

Could be worse.
DD

[arf dysg] 21/11/2006 17:49

More large volume, very pleasing. EPD was also up today, looking almost like a breakout (if you squint you can see it). Are diamond miners flavour of the month?

[ged5] 21/11/2006 17:15

Someone who just bought back in today. Other than that you'll have to ask him.

[humbry1mol1] 21/11/2006 17:12

and who,s unionhall

[ged5] 21/11/2006 17:12

unionhall bought back in. Can't you read?

[humbry1mol1] 21/11/2006 17:08

why the large volume traded

[ged5] 21/11/2006 17:03

Welcome back,

no wonder the share price went up! :)

[unionhall] 21/11/2006 16:47

Bought back in again today after many months on the sidelines.

Hope REI getting out releases shareprice at the same time as increasing production reported from Cempaka and perhaps more gold in PNG.

That's the theory anyway....

[ged5] 21/11/2006 16:08

Thanks for the chart Skyship.

Some movement at last. Let's hope we have a decent rally this time.

It's about time we had some news of the "Chelsea Blue"

(Has anyone done a search for that - I don't advise it!!!)

[skyship] 21/11/2006 14:41

Much encouraged by those massive trades. It is my belief that it is VOLUME which is the important verifier of a chart breakout; and we appear to have that in spades - the source obviously being the REI stock. Personally I don't anticipate resistance from the falling 200day MA @ 23.9p, rather perhaps the Jun'06 resistance of 25.5p

[rambutan2] 20/11/2006 21:31

i'd read that as good news - although bmg does seem to possess an everlasting overhang.

[arf dysg] 20/11/2006 17:50

What??? That's a lot of shares traded (5.9 million). I'm going cross-eyed just counting the noughts.

[rambutan2] 14/11/2006 22:17

skyship, just spotted your post. no, i can't find a full port.

[skyship] 14/11/2006 17:36

Possibly 1.03m sold by REI today.....if they weren't overhanging the Market we would be 25p by now.

[skyship] 10/11/2006 11:38

RAM - could you possibly post a link for where one can see the full REI portfolio - not just the recently declared TOP TEN.

[skyship] 04/11/2006 17:42

Well spotted RAM

"...one means or other..."!! I don't see how an orderly disposal of 5m BMG can possibly be accommodated. Step up to the plate TAR perhaps, but £1.2m would be too rich for them surely.

As you say, a considerable overhang, but not one that will make me head for the exit at this price.

[rambutan2] 03/11/2006 01:34

resource investment trust (rei) has been forced to wind up by the arbs and will do so over the next few months. at the end of aug it held 2.35% of its port in bmg ie approx £1.2m ie approx 5% of bmg shares ie approx 5m shares. so, that's certainly an overhang to be redistributed by one means or other.

[skyship] 26/10/2006 08:14

humbry - I agree with RAM's take on those trades yesterday. Heavy trades like those tend to be the placing of stock overhangs; and more often than not signal a change in direction. To clarify matters we may well see another "shareholdings" RNS today.

[rambutan2] 25/10/2006 23:57

humbry, not really a sell off if price didn't shift. in fact i'd take it as a good sign - stale holders out and keener fresh ones in.

hopefully!