Bisichi Share Discussion Threads

[oliverletwintit] 02/11/2004 23:14

Excelent opportunity to BUY now stan, you want get the chance again.

regards oliver.

[mw8156] 02/11/2004 19:17

Would be a happier holder if i knew that their production was on target after the apparent first half slowdown.

[stan] 02/11/2004 16:38

Blimey, you're beginning to sound a bit desperate now Oliver. Don't worry about it, they'll be 555p in 18 months time remember.

[oliverletwintit] 02/11/2004 11:02

People still confused over the misleading ill - informed rumors re- to South Africa, please see above.

Now a STRONG BUY.

regards oliver.

[oliverletwintit] 02/11/2004 00:05

And as for Stans argument over South Africa please take a look at this refering to Aquarius Platinum, they are in the same boat as Bisi with the price falling today on foolish rumours....................

Proving that troubles (or the perception of troubles) come in pairs, the share price has been further bashed by news (misleading) that Aquarius Platinum South Africa has issued legal proceedings against the South African government prompting the false implication that it needs to protect the company from government expropriation of assets. South Africa is a country where the rule of law is observed as a matter of fact rather than in its breach -unlike Zimbabwe. It seems that this is a tale of prudent lawyers advice being eagerly misunderstood and misrepresented by the media. Aquarius Platinum confirms that there is no appropriation of its assets and none is expected. Consequently, Aquarius has issued no legal proceedings against the South African Government. On a precautionary basis, the Company has merely filed a notice that it would take legal action against any such possibility should it ever occur. Under South African legislation, 31 Oct was the last date for any such filing. So in the spirit is sound corporate governance, Aquarius made the filing as a matter of routine as other companies appear to have done. So, the facts have not changed but only been temporarily obscured by the fog of ill-informed rumour.ENDS.

Hope that now clears things up and the price should rise once again.

regards oliver.

[oliverletwintit] 01/11/2004 23:57

Heres part of the chairmans statement at last results 13/9/2004.......

During the first six months of 2004 there were a number of significant and
positive developments at the Black Wattle Colliery, our direct coal mining
investment in South Africa which have, I believe, laid a firm foundation for
strong future earnings.

The first of these developments took place on 1 April 2004, when the Black
Wattle Colliery, in conjunction with our partner Endulwini Resources, began to
export coal via the Richard's Bay Coal Terminal as part of a multi-year program
for black economic empowerment mines. The timing of this export program could
not have been better, as international coal prices reached historically high
levels during the second quarter of 2004 and presently remain very strong. In
order to take advantage of these high prices and, more importantly, lock in
significant margins over the next few years, I can now inform shareholders that
we have entered into a long-term FOB export contract with a leading
international trading company for our entire export volume.

[oliverletwintit] 01/11/2004 22:53

Yes no problems with Bisi its still the same company with the same management and the same market, and as someone pointed out last thursday it as a contract with a foreign firm to sell all its available coking coal.

Good point to enter or top I would say.

regards oliver.

[wassapper] 01/11/2004 14:25

BISI was overbought, and as pointed out, it rises AND falls sharply. It has now bounced off 50 day moving average and is nicely at the base of its rising trend channel. Looks like a good time to buy back in. This share follows good channels so that is worth monitoring in future. I have been waiting weeks to get back in and hopefully today is a good time. May fall further, but should continue to rise generally from here.

[chester] 01/11/2004 14:15

It could drop a little further, but I'll add if it does.

[diogenesj] 01/11/2004 14:12

Well, at least Bisi is not in Zimbabwe. This is an illiquid share, and my guess is that a lot of stoplosses have been triggered and that's all there is to it. But wtfdik?

[chester] 01/11/2004 13:51

Back in long again.

[shumba] 01/11/2004 13:34

Tell the guys in Zimbabwe Stan is talking silly.If they want they will grab the lot and no one will say a thing or try to put a stop to it

[mickeyskint] 01/11/2004 11:05

Anybody got any ideas why the fall. Is it a buying opportunity or time to dump.

MS

[stan] 01/11/2004 07:29

Do they?...well whatever you do don't set any store by that for goodness sake...any idiot can set a target and if you ask me then 555p seems silly.

[oliverletwintit] 01/11/2004 02:16

Talking silly stan , see the last RNS re- black enpower movement.

NO PROBLEMS AT ALL.

My broker deutshebank have a 18 month target of 555p.

regards oliver.

[stan] 30/10/2004 09:10

Oliver, you aint actually made anything until you sell remember, so unless you're lying and have actually sold some, then you've made sweet FA so far.

Skyracer, I've no idea what value you'd put on it while it's still underground. Will they be able to get it all out do you think without hitting any geological problems?

PS what's all this business about all mineral rights in South Africa reverting back to state ownership etc? Surely this is an alarming development for the shareholders of mining companies in the country...and even if there is a successful legal challenge, it looks as though there could be substantial royalties to pay to the government in the future for any coal that is extracted and profits made upon it. Quite a bit to ponder on here I think.

[skyracer] 30/10/2004 08:04

Edinburgh Oil and Gas (which I hold) is currently being re-rated upwards due to the increased value of its oil assets as a consequence of the soaring oil price. However the price of coal has also soared. What increased value should we give to BISI's 15m tonne coal assets which are valued historically at a mere £3.055m under "Mining Equipment and Reserves" Note 11. Also some of this £3m will be equipment. $1? $2? $5? /tonne

[oliverletwintit] 30/10/2004 01:48

Stan, its as Diog and rochdae state re- to Chinese interest rate increase. Actually I added more this morning and dont tend to tranche down, usually the opposite, but Ive made a lot of money out of these already.

regards oliver. ps, I hear the large Chinese steel companies are eyeing our bigger coal miners up, xstrata especially. Would be logical for Billiton and the others to eye up the smaller miners would it not?.

[rochdae] 29/10/2004 19:26

Sorry Stan but today's fall was a general sector reaction to the Chinese interest rate rise. It was exaggerated due to the illiquid nature of the stock.

I expect the sector to recover with an equivalent upside movement for the same reason.

At least that was the basis of today' purchase.

[stan] 29/10/2004 19:20

Late last night Oliver said:

"Well its Friday in the morning and this one always does well on a friday."

Great timing Oliver!!

(Sorry, nothing mailicious intended Oliver, I just couldn't resist the opportunity for a bit of fun)

Show's how careful you hve to be with this one though and not be too smug about it's continual rise. Further falls Monday? Who knows!

What's their record like for Mondays Oliver by the way?

[rochdae] 29/10/2004 19:05

Remember the key statement from the Interims:

I can now inform shareholders that we have entered into a long-term FOB export contract with a leading international trading company for our entire export volume.

In time, the Chinese interest rate rise will reinforce their economic growth and rising demand for coal; and the last few days will be seen as either an over-reaction or a self-fulfilling reaction..if you know what I mean.

Bought on the dip today.

[p@] 29/10/2004 18:50

Sky i would have thought that coal was priced in dollars but i don,t know for sure.

[skyracer] 29/10/2004 14:01

p@, I believe until recently all BISI coal related earnings were in Rand, so the strengthened Rand will actually benefit BISI earnings when converted into sterling. I dont know about the new export business, I guess it will either be in Rand or $'s. BISI is just a tightly held stock that jumps around a bit on low volumes, encouraged by the MM's to trigger stop-losses IMO.

[p@] 29/10/2004 13:00

Response to strong rand hitting profits of gold mining Co ,s reporting profits today.IMO.

[diogenesj] 29/10/2004 10:53

Lol, Oliver: not looking too good today. Belated response to the Chinese interest rate rise, do you think?