Bisichi Share Discussion Threads

[diogenesj] 28/11/2004 14:50

Well, it looks simple, B, and on that basis one could say that BISI is a bit cheaper than (for example) Asia Energy, especially as BISI is already in production with plant in place. But I think the risk factors you mention are more important really, and more difficult to quantify.

[bisiboy] 27/11/2004 17:09

the maths are quite simple
15m tns (minimum)@$45per ton= $675m(reserves)
of which bisi own 62.5%
mkt cap of bisichi =£20m
of which circa 10m=uk props
so at current price you are paying £10m for circa £225m of reserves.

lots of risks though political,geological and human

[chester] 26/11/2004 11:50

Wouldn't be suprised to see this one move soon.

[diogenesj] 25/11/2004 21:03

I expect some of it is at a fixed price, at least for a period. Also Bisi has already had a very big rise. I must say I find it hard to value, with no forecasts in the market, the large UK property portfolio (which dilutes the exposure to coal), and very little information from the management. However, we were told that they intend to double their coal output with the new equipment recently installed, so I think the shares are probably still good value.

Strange goings on at Western Canadian this evening: up another 21% in Canada on huge volume.

[sammu] 25/11/2004 18:23

Hi Dio

It's a bit strange that Bisi hasn't benefited from the bullish Coal price articles that have been floating around in the last few days.

Not like WTN has been.

Do you think that the supply contracts that Bisi said they have entered into via Richard Bay Coal Terminal has capped (and secured?) the price they will be getting for their exported production?

Regards

Sam

[diogenesj] 22/11/2004 18:01

Thanks, e. Taken the liberty of posting it for you:

[egreensh] 22/11/2004 17:46

Article today in the times business on "Clean-coal technology". Sorry don't know how to paste a link.

[diogenesj] 21/11/2004 22:06

Australian article about the coal boom, first posted by gardenboy on the WTN thread. Hard to believe the figures in it (it says Xstrata has signed a contract to ship coking coal from Australia to South Africa at $176 a tonne (that's about $138 US dollars, and surely too high). Still, they've got the basic idea: coal is the new gold.

[chester] 16/11/2004 16:13

Got back into these recently.....pleased I did .

[diogenesj] 16/11/2004 14:39

I told him he'd missed it. What happened to your last few posts, btw?

[shirishg] 16/11/2004 13:28

Post removed by ADVFN

[shirishg] 09/11/2004 01:08

Post removed by ADVFN

[elliotset] 05/11/2004 09:37

You guys should check out EKA Eureka Mining tipped for very good things

[shirishg] 05/11/2004 01:53

Post removed by ADVFN

[shirishg] 04/11/2004 13:18

Post removed by ADVFN

[shirishg] 04/11/2004 13:18

Post removed by ADVFN

[shirishg] 04/11/2004 13:15

Post removed by ADVFN

[stan] 04/11/2004 07:30

with the price 20% below the recent high, Oliver, you're not quite as well up as you used to be...and the previous lot you bought were at prices higher than the current price so you are nicely down on them. OK they recovered slightly yesterday, but the trend is definitely down while there is so much uncertainty around. If I want to buy sometime, I'm perfectly confident that I shall be able to at prices well below the current price of 185p at some stage in the future.

[shirishg] 04/11/2004 01:07

Post removed by ADVFN

[shirishg] 04/11/2004 01:01

Post removed by ADVFN

[oliverletwintit] 03/11/2004 12:46

Moving up nicely Stan and on my forward P/E of 10 now DERD CHEAP.

BUY BEFORE THEY GET AWAY.

regards oliver.

[diogenesj] 03/11/2004 11:48

Thar she blows - I think you did miss it.

[diogenesj] 03/11/2004 09:42

Just a blip, Stan: blink, and you'll miss it. :-)

[stan] 03/11/2004 00:11

hmmm...seem to remember you advising me to get in while they were at the 230p mark too....think i'll let em fall a lot further than the present level before i even consider a speculative purchase...sentiment has turned i fear oliver and the trend is definitely downward for the forseeable future due to the uncertainty...whether ill-founded or not. I think they're still rather aggressively valued even now myself. Sorry. The bubble has well and truly burst.