We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bdi Mining | LSE:BMG | London | Ordinary Share | VGG0905F1053 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 36.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/12/2006 16:39 | kluk, I would guess that BDI did not get sufficient recognition in Canada. The reasons being a) it is an odd combination of gold and diamonds and b) it is operating in Indonesia and PNG, which are way off the radar for most North Americans. Canada can be the best place to list for miners, but only if you're operating in a manner and in a place that they understand. For my money, the ASX would be the obvious place to list BDI, but I'm not complaining. With the recent changes the company is now firmly plugged into the London scene and I believe it will do very well as time goes on. | mattybuoy | |
12/12/2006 04:30 | With Canada apparently having the much better reputation I'm surprised that bdi didn't choose to maintain a dual listing. Any reasons - or theories - for this? | kluk069 | |
11/12/2006 08:11 | As far as I was aware it is the listing not the head office that is important. BDI was listed on the TSX-V when it listed on AIM. It no longer has that TSX-V listing so is no longer eligible for an ISA. | bageo | |
11/12/2006 00:39 | Well I guess that's a no! Many thanks for most helpful and informative info. | kluk069 | |
10/12/2006 13:22 | Of course they moved the London Offices to:- London office: Level 5 22 Arlington Street London SW1A 1RD England The registered office is still as far as I know in the Carribean. "CHANGE OF REGISTERED OFFICE Further to the announcement on 2nd August 2005, BDI Mining Corp has relocated its registered office to the following address: Craigmuir Chambers, Road Town, Tortola, British Virgin Islands" Seems like a nice enough place | ged5 | |
10/12/2006 12:58 | I'd prefer if the management were nearer the assets.. Sitting right on top of them in fact.... | unionhall | |
10/12/2006 12:45 | HEAD OFFICE RELOCATED TO LONDON LONDON - 1 April 2005 - BDI Mining Corp. (AIM-BMG) advises that it has relocated its head office to London, following on from the successful listing of the Company's shares on the AIM Market of the London Stock Exchange. The Company's new office address is 3rd Floor, 20 East Cheap, London EC2M 1EB. Mr Paul R. Loudon, chairman of BDI, said: 'The move to London brings the corporate management closer to the Company's shareholder base, which is predominately European.' Further consolidating this relocation, the common shares of BDI Mining Corp. have been delisted from the TSX Venture Exchange and now trade on the AIM Market as the Company's primary listing. | ged5 | |
10/12/2006 01:25 | The advfn aim-isa'able thread has bmg down as a qualifying investiment via Canadian registration. The thread hasn't been updated lately so if someone more knowledgeable should have a definitive yes/no that would be really good to know! | kluk069 | |
08/12/2006 16:37 | Those large trades (200/- @ 24.0p & 250/- @ 24.5p) both look like BUYs IMO. Pretty punchy investment however you view it - has to be considered positive for a further short-term rise. | skyship | |
29/11/2006 22:18 | seems to be a good bit of activity in these, the prospects are great for bmg, the long term looks good and i think these should have made some great gains by this time next yr. everybody keep hold and don,t sell when these shoot up as they will on each piece of good news. good look and hold | humbry1mol1 | |
25/11/2006 17:10 | the insider buying is pretty sickening, tho' par for the sector, but it is clearly very good news. it will be interesting to see what these new stones actually sell for. | adam | |
25/11/2006 11:48 | I don't see whats's dubious about the share price action. This stock has been drifting on lack of news and possibly lack of serious funds for the last year. It had got to the point of being very undervalued in comparison to its assets. Now phase 2 of the mining is starting meaning a large increase in recovered diamonds with more positive news flow about quality of the stones, further resource target areas etc. Couple with blue diamond find and 1 mill oz of gold at woodlark with more potential to come. I think it was only a matter of time for the price to catch up a bit. | gisjob2 | |
25/11/2006 11:16 | I would not be surprised if there is not a bid for this stock. Very dubious price action of late, with a strong share price against a sluggishly performing peer sector. Makes you think! | davidblack | |
23/11/2006 19:22 | Ram...mind me asking wot price u bought in at? TIA | badtime | |
23/11/2006 16:24 | Ged - many thanks for that - makes a great read. I am now almost decided to run this as a core holding rather than the intended trade. Even without the potential gold mine, the diamond story alone could well attract significant investor interest over the next few years. Will have to do some number crunching to see what sort of level we might get to in 2007. WENDY - Are you out there - any views? | skyship | |
23/11/2006 13:53 | Managing Director and CEO Lee Spencer noted "these first results from Phase II serve to confirm our belief in Cempaka, and we are very encouraged by the larger average stone size and better stone quality. We are now fully focused on the continual development of Cempaka, while also evaluating regional expansion through exploration of the Bobaris Project and additional alluvial targets". | rambutan2 | |
23/11/2006 13:45 | Remarkable. Also an RNS item has arrived. | arf dysg | |
23/11/2006 13:33 | wouldn't shop there - they don't have any blue ones. Would the princess range be Princess Diamond Spencer? | ged5 | |
23/11/2006 13:25 | i shop for my diamonds at... | rambutan2 | |
23/11/2006 13:19 | CEO Lee Spencer? Veteran explorer? Roy Spencer? Associated with European Diamonds? Also a veteran explorer? Lady Diana Spencer? Wore lots of diamonds? Is there a family connection? | arf dysg | |
23/11/2006 12:28 | And now the second page BDI has also reported signifi cant progress at its Woodlark Island gold project, its other hot prospect alongside Cempaka, where a recent scoping study demonstrated the feasibility of an 80,000 oz/y open pit mining operation in one of the world's brightest areas for gold copper deposits. The company is currently preparing the way to carry out a bankable feasibility study on the project which it believes it can turn into a successful open pit operation with an initial mine life of four to fi ve years. "When we press the button we want to hit the ground running," says Mr Spencer. Meanwhile, Cempaka has moved smoothly through to producer status, notching up its fi rst diamond sale in September 2005 and moving towards an annual production target of 100,000 ct/y. Veteran explorer Mr Spencer, who has worked in the region for more than 30 years, is also excited about the quality of the stones coming out of Cempaka which, he says, are already making a reputation in their own right. "The quality of the stones we're getting are excellent," he says. "Because of the unusual geology and the regular shape of the stones, the manufacturers are getting quite a high yield. For every stone they buy they get a very consistent recovery rate once they have cut them." To cater for the growth in production of what are predominantly high quality gems rather than industrial diamonds, the company is also doubling the capacity of its processing plant to 50,000 bench cubic metres (bcm). "Once this kicks in," says Mr Spencer, "we'll also see diamond production doubling up." Phase two mining of the Cempaka main channel has now commenced. The channel is a 1.6 km wide, 10 km long palaeochannel containing more than 1.3 Mct. According to Mr Spencer, "there is potential for resources in the region to exceed 3 Mct." With US$2.45 million worth of sales over Q3, the Cempaka mine has become self-sustaining and Mr Spencer sees no let up in the type of diamond the mine is able to produce. "The most encouraging analysis I've seen from an investor's point of view is that of [diamond analyst] James Picton of WH Ireland. He's pointed out that there is a huge market shortfall until 2015." In fact, Mr Picton predicts that output from diamond mines worldwide is likely to fall 2% by 2015 even though production has increased by about 9% in the past fi ve years. The search for better quality diamonds and better recovery is clearly the order of the day. To highlight the point and to meet it head on Cempaka has produced its own brochure, a celebration of the Cempaka diamonds in prospect, and of a region that is the second oldest source of diamonds after India. The Cempaka diamonds are considered to be extremely well formed having what is known as a 'sawable' shape, while over 30% of them are recognised as being white in colour, one of the most valuable diamond colours. There is also some insight into what kind of company makes a project like Cempaka work. When Rio Tinto inherited the project as part of its purchase of Ashton Mining in 2001 it deemed it too small to warrant further development, so in came BDI Mining. As Cempaka continues to make its mark, there is no reason why Woodlark Island should not ultimately turn BDI into a two-mine company, says Mr Spencer. "At the moment," he says, "we've built the camp and done over 25,000 m of diamond core drilling. We're currently evaluating funding options to support the further development of the project." The aim, he says, is to complete a bankable feasibility study in 2007, continue to expand the resource currently 1.02 Moz - and then look towards developing mine number two. "We're also advancing the logistics by doing a little bit of infrastructure development. When we press the button we want to hit the ground running." In this case the advantages of island-mining over the mainland include better access and more cost eff ective logistics, generally, than the mainland. "There's a deep water harbour and we're only an hour and a half's fl ight out of Port Moresby. You can bring all the gear in relatively easily and compared with some of the large operations on the mainland it's pretty much a dream-turn," says Mr Spencer. "We also have a very cooperative local population who want development." Anyone who knows the island and wants mining will be encouraged by its history. The island was one of the fi rst recognised goldfi elds in PNG and produced around 180,000 oz of gold during colonial times. Previous explorers on the island had defi ned a resource of 368,000 oz of gold and there are numerous untested targets on the island which BDI believes off er excellent potential to increase the resource base ahead of a potential mining operation. Mr Spencer maintains that the company has more than justifi ed its September 2004 listing on AIM which secured additional capital to develop Cempaka and Woodlark, both of which are helping to turn BDI into a strong bet for investors. "The twin listing objectives of doubling the size of Cempaka and increasing resources at Woodlark have both been met, on time and under budget," says Mr Spencer. | ged5 | |
23/11/2006 12:25 | Can't see any copyright so here's the first page for now. BDI Mining is continuing to ramp up production at its Cempaka diamond mine in south east Kalimantan, Indonesia, consolidating its position, not to mention cash fl ow, as a producer and laying the foundations for further mining development at the property. In its Q3 update on the mine, the company announced a 52% increase in production over Q2, along with higher than anticipated grades and a signifi cant reduction in per carat operating costs at the mine. "We are now one of the very few cash fl ow positive diamond producers on AIM," comments the company's CEO Lee Spencer. "We've recently completed construction of a double plant capacity at the mine and we're projecting record diamond production each month going forward." | ged5 | |
23/11/2006 12:06 | Ticking along nicely now after big volumes over the last couple of days. Have we turned the corner? Doubled diamond production (PhaseII) plus a potential gold mine means we may very well be on to a... ummm, gold mine! | greg jenkins | |
23/11/2006 12:05 | Not really... Just positive on news to date - bit rushed at the moment and travelling for a few days - perhaps someone else can be more helpful..... | unionhall | |
23/11/2006 12:01 | Unionhall - unfortunately my computer won't open that link - "parsing error" whatever that is!! Also won't access mining-journal.com. Did it say anything new? | skyship |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions