Bdi Mining Share Discussion Threads

[rambutan2] 08/9/2005 09:48

and an instit that agrees...

RCM and Allianz Global Investors, the brand names of RCM (UK) Limited, have
today informed the company that together they have acquired shares in BDI Mining Corp that bring their total holding to 5,454,415 shares representing 6.68% of the issued capital.

[blindfaith2] 08/9/2005 09:18

r2 - sounds good to me

[rambutan2] 08/9/2005 04:00

not on this thread!

can now access presentation via minesite homepage.
i thought it was a good one - bruce rowan was interested enough to ask mr spencer a few questions afterwards.

the parcels are expected to be there or thereabouts of sept one. and will go every other month.

new gold resource statement expected in next couple of weeks. mr spencer confident of hitting the magic 1m ounce mark. he v keen on the gold angle.

copper deposit on backburner for timebeing as got enough on their plate.

note the us$28m tax asset.

imho, if all goes according to plan bmg will be an exceptional cash generator. a real beaut!

[karzy] 06/9/2005 07:22

BDI diamond story is being run by Miningnews this morning should get them a bit of notice.

[rambutan2] 05/9/2005 09:41

hopefully will be able to glean a bit more info tomorrow.

[adam] 05/9/2005 08:16

Presumably all the insiders that piled in before the announcement last week will now try and pile out. It is though very good news, but how much can shareholders deduce from this one parcel given that we can't expect these kinds of large stones and $/Crt all the time?

[davidblack] 05/9/2005 08:04

CEMPAKA DIAMONDS ACHIEVE US$2.5 MILLION AT TENDER

LONDON - 5 September 2005 - BDI Mining Corp. (AIM-BMG) is pleased to announce
that the first commercial tender of 6,518 carats of diamonds from the Cempaka
mine in Indonesia resulted in sales totalling US$2,506,674 (approx GBP#1.36
million).

The tender result represents an average selling price of US$384.60 per carat,
35% better than the last Cempaka diamond valuation of US$285 per carat. The
largest stone in the tender parcel was a 16.38 carat diamond which sold for
US$74,529, or US$4,550 per carat.

BDI's Managing Director and CEO, Mr Lee K. Spencer, said: "The high selling
price resulted from several factors - the presence of several large stones in
the parcel; the better than average proportion of sawable stones; the
improvement to colour after acidisation of the diamonds; and, significant
interest from the diamond industry in this new source of gem diamonds."

The first commercial tender by BDI is a major milestone for the Company,
advancing it into the ranks of the small number of AIM listed resource companies
which are cash generative from mining operations.

The tender was conducted in Antwerp under supervision of BDI's independent
consultants WWW International Diamonds Consultants Limited. The next diamond
tender will be held in October.

For further information, please contact:

BDI Mining Corp.
Chuck Forrest, Finance Director Tel: [phone]
Website www.bdiminingcorp.com

[lord santafe] 05/9/2005 07:49

Hi, just spotted this 2.5m diamond bearing anouncement. Surely with the chart already broken this is a good one for a T10?.

[ericeb206] 04/9/2005 20:21

Thanks Andy

[andy] 04/9/2005 16:05

eric,

You will be able to access the details on Wednesday by visiting the site,

www.minesite.com

As they always put up the PDF files afterwards.

[ericeb206] 04/9/2005 13:30

Ram
Thanks for that I have asked them to send details of the presentation.

[rambutan2] 04/9/2005 13:08

they emailed me...

[ericeb206] 04/9/2005 08:58

Ram
Where did you find that?

[rambutan2] 04/9/2005 02:19

just noticed that they presenting at minesite on tue.

[davidblack] 02/9/2005 20:24

Miniumum of $1.8m would be my guess, could be more?

[abadi] 02/9/2005 16:17

My hope is that this rise is driven by something other than the sale of the diamonds - but perhaps the quality was such they they reached the full estimate. Im sure we will be the first to know :)

[blindfaith2] 02/9/2005 16:08

Michael, it has to be your call. Does the current share price have the first sale of diamonds built in it or not ?
My guess would be ................................

[23michaeljc] 02/9/2005 15:51

OK, probably wasn't very clear. Would news of the first diamond sales shift this price? There's a major mining conference soon and maybe news could be announced then.

[23michaeljc] 02/9/2005 14:41

What affect would news that diamond sales have gone commercial have on this price?

[blindfaith2] 02/9/2005 14:11

I doubt if it's a coincidence that they have just sheltered under the BVI so it would appear that there could very well be a RNS on Monday.

[ericeb206] 02/9/2005 13:49

The news was due by end of August so must be imminent.

[blindfaith2] 02/9/2005 13:41

Could be news breaking re the shipment announced 10 Aug ?

[blindfaith2] 02/9/2005 13:31

Only small trades as far as I can see - interesting !