Bdi Mining Share Discussion Threads

[helpaargh] 15/4/2005 08:18

Tipped as a buy in IC

[abadi] 15/4/2005 08:15

Odd.. early morning buying on a very down day in the markets - something must be happening - News leaked perhaps.

[davidblack] 14/4/2005 11:35

Sorry a stutter!

[davidblack] 14/4/2005 11:35

We seem to have resumed the up trend this morning.

[rambutan2] 07/4/2005 11:07

seems like at the mo every diamond ex which puts out a good news rns goes down afterwards ie epd, nml, mana etc etc

[davidblack] 07/4/2005 10:14

Slightly odd response in terms of share price.

[davidblack] 07/4/2005 10:14

Slightly odd response in terms of share price on the back of such an excellent early cashflow announcement.

[davidblack] 05/4/2005 08:22

Adam my comments were at the top.

"Fantastic results! Potential for a $6m upgrade in profits just from the diamonds. Cashflow really is building very quickly."

[rambutan2] 04/4/2005 19:13

do folks agree that 63m shares in issue, give or take the odd million ie options/warrants ive missed?

[adam] 04/4/2005 09:11

Davidblack - Why the need to copy the announcement, especially when you had nothing to say about it. A link would suffice and keep the length of the thread down.

[davidblack] 04/4/2005 07:55

Fantastic results! Potential for a $6m upgrade in profits just from the diamonds. Cashflow really is building very quickly.


CEMPAKA DIAMONDS VALUED AT US$285 / CARAT

LONDON - 4 April 2005 - BDI Mining Corp. (AIM-BMG) has been advised by WWW
International Diamond Consultants Limited that the first production parcel of
3,285 carats of rough diamonds from the Company's Cempaka diamond mine in
Indonesia has a market value of US$285 per carat.

This valuation reflects the current strength in the world market for rough
diamonds and is 52% above the US$187 per carat sales price that the Company
achieved at tender during 2002 for the 4,656 carats of diamonds recovered during
bulk testing.

WWW International is an internationally recognised diamond consultancy and, with
its partners Aboriginal Diamond Group through Diamonds International Canada
(DICAN), is the independent diamond valuer to the Canadian Government.

"The average price of this parcel is well above world average prices and
demonstrates the high quality of Indonesia's rough diamond production," said Mr
Richard Wake-Walker, a director of WWW International.

Mr Lee K. Spencer, managing director of BDI, said: "The current premium in the
value of the Cempaka diamonds has the potential to more than double operating
margins at the mine and add an additional US$6,000,000 per annum to Cempaka
cashflow."

However, management cautions that world diamond prices fluctuate and that future
diamond sales may not always achieve this value.

[rambutan2] 01/4/2005 21:03

thanks david,
im not a direct holder (as yet) but are interested in them via ocn.

[davidblack] 01/4/2005 20:59

I think those that were quick enough got out but the rest are now stuck with London.

We are now more likely to have real buyers and sellers rather than the standard buy or sell and make $50 that goes on in Toronto.

[rambutan2] 01/4/2005 18:36

so what are the non institutional canadian punters doing with their stock.
keeping hold. dumping. or arent there any?

[davidblack] 01/4/2005 18:33

Interesting, the stock ticked higher on light volume once the Canadian quote was removed.

I think the next news we need is closure on the £4.5m fundraising which was apparently heavily over subscribed.

Once the funds are in place the drilling out of Woodlark can start. Hopefully the resource estimate should rise substantially in that drill program.

[davidblack] 31/3/2005 20:13

The stock ceases trading in Toronto today in two hours.

From tomorrow there will only be a London quote.

[geologic] 30/3/2005 13:38

Earluer this year...

PRIVATE PLACEMENT
TORONTO - 27 January 2005 - The directors of BDI Mining Corp ("BDI") are pleased to advise that they have negotiated a non-brokered private placement of up to 3,000,000 units at C$0.45 cents to raise additional mining and general working capital of Cdn$1,350,000.

Each unit will comprise one fully paid share and an attached warrant to purchase a further share at Cdn$0.60 per share for a period of two years. The warrant will automatically become exercisable if BDI's shares trade above Cdn$1.20 on the TSX Venture Exchange or 52 pence on the London AIM Exchange for 30 consecutive trading days.

No commissions or finders fees are payable on the placement.

The private placement is subject to the approval of the TSX Venture Exchange.

Issued on behalf of BDI Mining Corp.
"Lee K. Spencer"
President & CEO

[geologic] 30/3/2005 13:10

Late last year's Fundraising...

BDI Mining Corp. comes to AIM

The London Stock Exchange is delighted to welcome BDI Mining Corp. to AIM.

BDI's focus is on diamond and gold exploration and production in the Pacific Rim. Its two principal properties are the Cempaka Diamond Project in the Kalimantan region of Indonesia and the Woodlark Island Gold Project in Papua New Guinea.

The group has raised £1.54m via a placing of 11,000,000 common shares at 14.0p. BDI intends to use the net proceeds of the placing to provide further working capital, further development at the Cempaka Diamond Project; and then to fund further exploration at the Woodlark Island Gold Project.

Chuck Forrest, Finance Director of BDI, "We are delighted to see our company commence trading on AIM, which will improve liquidity in our stock and give access to a broader shareholder base".

Ruegg & Co Limited acted as the nominated adviser and Hichens, Harrison & Co. plc acted as broker.


- -
WHAT WAS the Strike price on the warrants?

[davidblack] 23/3/2005 21:36

Bought a few more after the announcement.

[davidblack] 23/3/2005 13:14

Excellent news, the trading in Canada effected the price but reflected only a tiny amount of the real shareholder base. Most holders are from London.

A major problem of SETS trading in small stocks that has now been sorted.

Onwards aand upwards, especially when we get confirmation of first commercial production in the next few weeks. Although we will have a bit of Canadian selling first.

DB

[mikkydhu] 22/3/2005 08:40

It was announced in Canada yesterday that as from the close of business on 31st March BM Diamond Corp will, at the company's request, be delisted from the TSX Venture Exchange and trade only on AIM.