Black Mountain Resources Share Discussion Threads

[envirovision] 22/11/2014 11:48

Stop being thick. Yea it reads the company were expecting Alcythem one's funding to complete in a few weeks, thus claiming news on their own funding.

You know what happened a few weeks later, news that Alcythems funding did not exist so they went bust.

This company is doomed, once directors have been paid costs and salaries etc the administrators will sweep up.

[loverat] 20/11/2014 18:59

Not given anyone the benefit of any doubt - least of all this BOD. Just reading from the RNS.

[turnipboy] 19/11/2014 17:52

Please stop giving these guys the benefit of the doubt...how much more sh*t can you take

[loverat] 19/11/2014 17:44

Just a thought but did the last update not say they were looking at the best way to proceed and although Alcyone were mentioned I got the impression they were looking at other options and actually said they thought financing might be achieved in the next few weeks.

I got the impression therefore that they were likely to tie up another deal. Did I read that correctly? I do know this company is junk but even junk stocks issue good news sometimes.

[valentine] 19/11/2014 17:06

What were the BoD on that night in EC4, two and a half years ago, where they claimed the solid silver stanchions/columns in the mine(s) with worth in excess of 2m dollars.
I could have an educated guess as to what was influencing the song and dance choreographed rap but probably get done for slander. read between the lines.

Sounded and looked so good..oh stop it. Complete and utter bollo. Bing must be rolling..

[turnipboy] 19/11/2014 11:29

Wow. Are there any other avenues for funding, or is it likely curtains for this share too, like BMR?

[someuwin] 18/11/2014 12:13

BMZ's rescue financing gone down the pan with Alcyone now...

"Another silver producer collapses

Mining News Premium.net, 18 Nov. 2014, Kristie Batten

Alcyone Resources has collapsed into receivership after attempts to obtain funding failed. Grant Sparks, Michael Owen and Simon Theobald of PPB Advisory were appointed as joint receivers of the company and its operating subsidiary. “We are currently working with management and the board to determine the future of the companies,” Theobald said. Alcyone had been working on obtaining funding its Texas silver project for almost a year. In March, the company was thrown into turmoil when a $A25 million funding deal was withdrawn by global hedge fund Platinum Partners. The same deal would have seen Alcyone secure the Red Hill gold and silver mine in the United States and further diversify by taking a $3 million stake in ASX-listed silver hopeful Black Mountain Resources."

[turnipboy] 14/11/2014 19:19

Nothing. Checked out your tips lucky, thanks but not convinced. Both stocks will need lots of funds

[tommygriff] 07/11/2014 16:15

What the hells going on here!!

[vermilion1966] 03/11/2014 12:20

Quarterly Report for the Period Ending 30 September 2014

The Board of Black Mountain Resources Limited ("Black Mountain" or the "Company"),
the silver focused development company with interests in the US, provides
the following commentary regarding its activities during the three months ended
30 September 2014 and the Appendix 5B (Quarterly Cash Flow Report).

A full pdf version of the below announcement, including images, is available
from the Company's website.

Operations

The Company continued its focus on exploration and development at the New
Departure Silver Project in Montana, USA during the period. Importantly, the
work undertaken, in line with Black Mountain's on-going strategy to complete
its 3-D mine model ahead of production upon securing financing, re-emphasised
the high grade nature of the mineralisation at the project.

During the period, the Company's technical teams undertook two phases of
channel sampling, the first of which delivered results in July 2014.
Approximately 118 channel samples were taken and grades of up to 422 oz/t of
silver over 1.9m were returned. These high grade results surpassed the
Company's expectations and were far beyond those previously received from
historical work. While re-emphasising the future production profile of this
project, these results also highlighted that the Blue Dot level has the
greatest potential for hosting a mineral resource in the downward and northwest
plunging remainder of the ore body, as well as confirming existing historical
results.

The second round of sampling commenced in August and the results were reported
in September 2014. These results, which were also ahead of management's
expectations with over 90 oz/t Ag reported over 0.5-2m channels, confirmed the
run of mine grade, extended the silver mineralisation at the Main Zone, and
provided the Company with key production assumptions.

Following the completion of this programme, Hard Rock Consulting ('HRC')
commenced modelling of the silver vein mineralisation to confirm historical
resource estimates and to update the mine plan for New Departure. HRC is also
incorporating zinc and lead as saleable products from the New Departure Mine.
The Company now plans to commence a third and final round of underground
sampling prior to the commencement of mining.

Highlights of the channel sampling results are set out below. Note that silver
results are given in ounces per ton ("opt") and length in meters. Full details
of the sampling results were announced on 22 July 2014 and 18 September 2014.
The Company confirms that it is not aware of any new information or data that
materially affects the information included in the original market
announcements. The Company confirms that the form and context in which the
Competent Person's findings are presented have not been materially modified
from the original market announcements.


These samples continue to confirm the high grade nature of the New Departure
silver mineralisation (see map below). The map also shows the silver vein
mineralization confirming the historical resource estimates and helps to
develop a preliminary mine plan for New Departure.

In looking at the most effective method of recommencing mining at New
Departure, management are close to finalising a revised strategy of initially
developing 13,000-15,000 identified tonnes at the upper Coppin Level at a
targeted diluted mining grade of approximately 30 opt before moving to the Blue
Dot Level.

The Coppin Level could be accessed from the existing stinker adit with minor
extensions. The larger portal would give Black Mountain access
to the Coppin zone which is approximately 75m from the mouth of the portal.
Development and mining could be commenced quickly and for a significantly lower
cost when compared to starting at the Blue Dot Level, with ore sale proceeds
from this Coppin zone being used to fund the development of the larger Blue Dot
Level.

With the Company's focus being on the planned mine development and production
activities at New Departure, no significant work was undertaken during the
Quarter at the Conjecture Silver Project or the Tabor Silver and Gold Project.

Corporate

The Board has continued to assess the best financing solution moving forward,
taking into account the current tight equity structure of the Company and tough
market conditions for junior resource companies. Despite the delayed progress
in concluding the most appropriate financing path for New Departure, the Board
is confident that it will be finalised in the coming weeks. At this point,
considering the high grade nature of the mineralisation at the project, and its
low cost production credentials, the Board expects that shareholders will begin
to see the benefits of bringing New Departure into production once suitable
facility is in place.

The Company wishes to note that, as announced on 14 March 2014, whilst Alcyone
Resources Limited remains committed to the previously announced A$3 million
financing in Black Mountain, it can only be in a position to provide the
funding once their own fundraising is completed. Alcyone Resources is currently
suspended on the ASX as it completes its material fundraising transaction.

[lucky5] 28/10/2014 17:12

MXO or IRG.

[turnipboy] 27/10/2014 12:23

Can anyone recommended a ten bagger type share so I can get my money back?

[turnipboy] 23/10/2014 16:03

Will winter shut progress down again? Hope they sort themselves out and stick to targets.

[turnipboy] 20/10/2014 09:39

If this isn't a scam it may as well be. I doubt the directors have lost most of their money and are in fact doing well.

[magnus9] 13/10/2014 21:04

The sound of BMZ as it goes down the sh!tter,

PLip,
PLop.

[21trader] 13/10/2014 11:16

It was doomed the moment this was posted !

TOPINFO 18 Feb'14 - 14:34 - 154 of 202 3 0

BMZ is my stock of 2014. Massive money to be made here IMO. Silver is about to go BOOM big time!

[turnipboy] 13/10/2014 11:08

How close is this company to filing for bankruptcy!? They have little cash, how can they pay their overheads/wages unless they get funding?

I have lost loads, may lose it all.

[andy] 10/10/2014 12:15

Turnipboy,

hxxp://www.okapventures.com/clients.html

The OKAP companies are listed there.

"Raised over $300 million", some dilution there!

[turnipboy] 08/10/2014 12:43

I ask as I wonder what has happened to the funds the company has had, and why they keep running out of money

[turnipboy] 06/10/2014 12:44

Someone on hotcopper posted this, does anyone have any articles to prove or disprove that okap bleed the company? The bit about the fees of about $5m is news to me if true:


"I would read further back if I were you. They you will see never ending promises of production and funding with now met. One missed time line after another as promises of 'treasure" just based on grab samples and dilution, dilution, dilution.

I would then do lot of research into the management and the group that corporately manage this company.
When you invest in small caps. You invest in management.

I will tell you that the group that corporately manage this company is called Okap ventures.
That along with this company. 13 other company are run out of the same office that I know of. CCC, KAB, NKP, CTR. AIW . OQY. RMP. WSR. PNE. EPM. IGS. Okap. Komobo

Not one of these ASX listed companys have ever turned a profit for retail share holders.

All these company's are charged or corp management fees by Okap. around $5m base on their Annual reports.
On top of this. Okap make money on raisings. Giving you a management team that make money on dilution.

I would then go to these threads. CCC, CTR, RRS, NKP. To see just what people think of this Okap and Cap,en pete.

If this is does not put a chill down your spin. Then there is no helping you and you will become the "true resource" for their "financiers"."

[turnipboy] 01/10/2014 12:22

So much for funding in the last quarter.

The looseness of the tongues and the lack of action in BMZ is, well...

And as for the people who post cr*p like they have a friend in the city that says funding is going to happen. Is this not illegal.

People in the city do not give a sh*t about BMZ, it is not on their radar. And they are not going to tell someone who is then going to post it on a message board and potentially get them into trouble.

[shavian] 30/9/2014 21:03

-.com

Zak Mir reckons BMZ is en route for 6p. Not before time

[skier100] 18/9/2014 22:51

Kiwi, 21, Shavian -- Good info.

What makes you guys think funding will *not* arrive in Sep or Oct 2014? The RNS today points to "soon".

Also, have they said anything on potential Ag production or resource?