BMO - BMA Gold

[Packersoldkidney]

This is a TLA special, that is now in pre-open. Director/s have been buying at market recently, which is always a good sign. No options, which is another. Announcement due Tuesday/Wednesday. Have some very good grade holdings purchased off, I believe, Barrick, a deal that somes with some capping cavaets. Presentation the other day worth checking out. Definitely worth a look, for anyone with the gold fever. Thanks to Miner who pointed this out under duress and torture after my gorilla went crazy after drinking alcoholic tea. The ape is no match for the tea, so I will be trading it in for a smaller, easier-to-handle model - a chimpanzee.

Did a search and this company didn't come up, so started a new thread.

[paul29]

bought shares in this company last year for 1 cents when it was Australian Silicon Ltd portman sold all its shares to Australian silicon share holders for 1 cent then the company change its name to BMA GOLD

[Packersoldkidney]

Paul, you have done very well for yourself if you've done that. Congratulations - that is some increase in profit, and probably says a lot about the market we are in at the moment. I suspect your holding may prove to be more valuable sometime Wednesday of next week, though punters out there should not put money on that, as I do not want to be designated as a flagrant promoter of this stock that I now have a share or two in.

When I come over, Paul, I'll expect some Grange on ice. Just to look at, mind, as I'll stick to the devil I know, James Boags twisties.

[thekiwi]

Must admit to holding this one as well ... but not quite from 1c! (nice one)

Purchased on the break above 24c resistance with the alert being raised a few days before with the sudden increase in volume.

Since mid Dec the stock has really kicked on. Expecting to see it stall at around 38c and a possible retest of 33.5c support. Wait and see.

http://home.infobahn.co.nz/images/asx/bmo/20050118_daily.png

[Packersoldkidney]

Gold getting its annual ramp: this one looking good. Small resource but high grades so should be cheap to get out of the ground. First pour not to far down the track.

[tricha]

Good things take time I guess for Packer and the Kiwi!

Great Article in Resource Stocks Mag about this little gold stock.

Start production in December, Area 1 327,000 OZ at 19 grams per ton.

A lot of excellent drilling to carry on with as soon as they start making money. Quote - quite considerable upside.

Excellent management who also hold plenty of shares.

Unhedged!
Bankable feasablility study at US$410 an OZ.

So I had to buy some today.

Gold did suk, but things change and at the current price, companies will start to benifit greatly!

Cheers [B)][}:)]

[Packersoldkidney]

Welcome aboard Tricha: gold doesn't suck if it's going to turn you a dollar.

Think production is actually the "December quarter", if my memory of previous announcements is any guide.

The new mine will take time to bed down and get things set: but that shouldn't take too long. I expect some nice announcements from BMO not too far down the track.

[tricha]

Thanks for that Mr Packer

Things have changed in the last couple of months, finally gold has de coupled from the US dollar.

I'm hedging my bets as the USA scares the hell out of me at the moment.

BMO looks a great little gold company, just wondered why so many shares changed hands today, someone bailed nearly 3 million.

Regards [B)][}:)]

[Packersoldkidney]

Re: the volume yesterday. Think that article in Resource Stocks might have something to do with it. Also, they can't be too far away from their first pour. Arco thinks the gold price might retrace for a period before continuing the upward trend, hopefully closing in on $500 US, meaning BMO might stay around this level for a little while yet. I'm happy about this as I'm still in the bid down there somewhere waiting to add to my holding.

All in all, things are looking up for BMO: there may be a few issues with a new mine, there always are. But the management is excellent, and experienced at dealing with these sorts of problems. Read 'on another website' someone had calculated their P/E when production starts at the current share price to be around the 2-3 mark. My calcs have it at 2.
;)

[tricha]

Gold defies past to rise with dollar

The recent broad-based strength of gold, whether measured in US dollars or other major currencies, is a sign that bullion is becoming an alternative currency investment for global investors, analysts say.

Monday, October 17, 2005

The recent broad-based strength of gold, whether measured in US dollars or other major currencies, is a sign that bullion is becoming an alternative currency investment for global investors, analysts say.
In dollar, yen and sterling terms, gold prices rose last week to levels not seen in well over a decade. Meanwhile, gold prices surged to a record high in euro terms.

This trend, which has been unfolding for several weeks, suggests that gold's traditional inverse correlation with the the dollar is no longer as strong as it once was.

Although traders cite speculative buying as one of the immediate causes of gold's strong rally, rising inflation and global investors' fear of these price pressures eroding the value of currencies in general is giving gold a firm boost.

Gold's broad rally "coincides with the inflation story gaining traction ... And I think there's probably a decent speculative component in there too," said David Gilmore, partner at FX Analytics, a consultancy based in Essex, Connecticut, in the United States. Until this summer, gold, which is seen as a classic safe haven asset in times of economic and political uncertainty, had a tight inverse relationship to the dollar and positive correlation to the euro.

With gold mainly priced in dollars, a fall in the value of the US currency means it costs more to buy the same amount of gold.

But as the dollar has rallied in recent weeks - it hit a two-year high against the yen above 115 yen and a three- month high against a basket of currencies on Thursday - so has gold.

Spot gold climbed above US$480 (HK$3,744) a troy ounce last week - its highest level in 18 years - increasing the chances that it will break through the key psychological level of US$500 an ounce, some analysts say.

On Wednesday, gold scaled a new record high in euro terms above 401 euros (HK$3,726.57) an ounce and rose above 275 (HK$3,729.88) per ounce, the highest in about 12 years.

"Clearly there is a momentum towards gold at work. It is flirting with US$500 and the indications are it should go through it. That will be a worldwide headline and will attract more buyers," said David Kotok, chairman and chief investment officer of money management firm Cumberland Advisors in Vineland, New Jersey.

"Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths," Kotok said.

Small increases in global central banks' and other major accounts gold holdings could have a major effect on the relatively small gold market, analysts say.

For example, many of the world's major oil exporters are big gold bugs and as oil prices rise their soaring revenues are likely to magnify demand for the yellow metal. And as spiking energy prices put upward pressure on global inflation, the precious metal is gaining added attraction as a classic inflation hedge.

But analysts at currency management firm Bridgewater Associates don't believe inflation fears are driving gold's currency-wide rally. They argue that break-even inflation rates in world bond markets are actually lower now than they were in the first quarter of this year.

"Gold is a thin market that can be disproportionately affected by changes in the investment patterns of one or a few players," they wrote in a note recently. REUTERS

[Packersoldkidney]

Quarterly Report out today: looking roughly on track here. Infrastructure up, decline going down. Soon trucks should be going in, and gold coming out. Shareprice is going sideways, but hopefully might soon be rising.

[tricha]

Well Mr Packer

Have you a revision on your P\E of two, now that gold has gone up heaps.

Couldn't help but to buy more when at 24c.

;)

[Packersoldkidney]

Afternoon, Tricha:

There was a revision downward for production rates for the next year, though if you read the announcements this will lead to a bumper production in 2007. They should be mining by January at the latest, but there will hopefully be some further drilling results to come through in the next 5 weeks or so: management have high hopes of pushing mine life out quite a number of years further than the current projections based on known resources. Namely they think they are sitting on a lot more gold at Twin Hills than what they have currently found, but obviously this is only supposition at this stage. The management of BMO are excellent and very experienced. BMO are looking forward to a big year: with the high grade at Twin Hills mining costs will be low, the price of petrol is dropping which will also help mining costs, and they collect their profits in Australian dollars. The price of gold in Australian dollars seems to be closing rapidly in on $700 an ounce if you take a medium term view. (just over $660 at the moment)

All in all, things are really looking up for BMA Gold, Tricha, and 2006 will hopefully be a fantastic year for the company and its holders. ;) :)

[tricha]

Hi Packer

Drilling update today, more gold!:)

Glad I bought more at 24.5 cents, this company seems beyond belief as far as how cheap it is

And the mill commisioned and unhedged and great management and no debt and high grade gold.

It actually seems to good to be true, I feel I am missing something[?][?]

Regards [B)][}:)]

[Packersoldkidney]

Hey, Tricha

What has been keeping this down are several things. First of all the co. hasn't been able to meet its own (admittedly very tough) timelines as far as production goes. As you know they also have revised down production for 2006.

There is also a big issue with how much proved resources they actually have: at the moment they have about enough only for a 3 year mine life, which as you will agree is quite short. The company is confident, however, that these resources will be expanded in due course (as we have seen from today's ann. they are finding more of the yellow stuff) to hopefully expand mine life out to 10 years +. This however is still a great unknown at this stage, and thus is having an impact on the share price.

There are still issues to be bedded down with the mine itself; when this happens and production comes on stream, I expect a revision upwards in the share price of BMO.

[tricha]

Hi Mr Packer - Good Day today, over 2 million sold and with gold at these prices, it'all good.

Thanks for your views regarding why price low, yes reading between the lines, we could be in for a huge reserve upgrade.

Going to be interesting times.

Regards [B)][}:)]

P.S did you buy into BRW, interesting times ahead for them as well, volumes up, price moving up and with this Cu price $$$

[Packersoldkidney]

Tricha: I was not aware of Breakaway Resources. Possibly that is due to the fact I have a slightly infected eye, and am thus only able to keep one eye on the market at the moment. :D It's looking very solid, thanks for the heads up.

The supply-demand equation looks as if it is going to be in favour of demand for most minerals/metals for the foreseeable future, and at the moment this is not adequately reflected in a lot of mineral/metal prices, which are undervalued. Companies that are near-term producers will hopefully experience a revaluation of their share prices upwards when the market recognises that there are further charges to come from the resources bull market.

By the way, silver is produced as a by-product of gold production. ;)

[tricha]

Anyone having a quiet one, interesting reading at www.bmagold.com.au

Go to Broker reports - Read the Resource Mag Articule and read between the lines.

We have just scratched the surface .................

[tricha]

Wow Mr Packer, I hope your eye is better, but I guess u only need one eye for this one

- No Debt.
- No Hedging
- Top management
- 19 gms ton gold
- Treatment plant up and running.
- Huge upside to reserves

I put an order in for another 30k @ 29c limit over the weekend, after again wondering what the catch was.

Because this stock seems to good to be true!

But it's true! The skys the limit.;)

[tricha]

BMO is profitable at $410, work it out. 2 + million shares traded each day for last 3-4 days.[:p][:p]


Juniors cash in as major gold producers look to replace reserves

By CRAIG WONG

2005-12-06 17:30:00





VANCOUVER (CP) - Major gold producers have been on a shopping spree picking up any junior with a decent gold project in development as they scoured the world looking to replace reserves and gold trades solidly above $500 US per ounce.

"The problem that has plagued the mining industry is that for 20 plus years when it was in the doldrums and the gold price was below $300 US it wasn't economic to look for gold," John Ing, a gold analyst at Maison Placements Canada Inc., said Tuesday.

"Now the industry is paying that very heavy price of not being able to find new deposits, so they are scrambling to replace to reserves and production."

Gold broke through the $500 US an ounce mark in November for the first time since late 1987, driven by investor demand for the metal as a diversifying asset. Seen as a hedge against currency weakness, inflation and financial instabilities in general, gold traded Tuesday for more than $510 US.

Ing said the price to dig the gold out of the ground has also been rising quickly with the cost reaching $225 to $250 an ounce made worse by increasing energy costs.

"The industry is not very profitable below $500 an ounce," he said.

The biggest move in the sector recently has been Barrick Gold Corp.'s (TSX:ABX) hostile takeover offer for Placer Dome Inc. (TSX:PDG) worth $10.8 billion in cash and stock.

But there has also been a steady stream of smaller deals with more than $750 million worth of agreements in the Canadian gold sector announced so far this week.

The latest came Tuesday when Newmont Mining Corp., the world's largest gold miner, paid $30 million to raise its stake in Gabriel Resources Ltd. (TSX:GBU), which is developing the Rosia Montana gold project in Romania, to just under 19 per cent.

Bema Gold (TSX:BGO) also announced it had arranged loan agreements for up to $425 million US to finance construction of the Kupol gold mine in Russia.

However the biggest deal of the week so far was Goldcorp's takeover of Virginia Gold Mines Inc. (TSX:VIA) and its Eleonore gold project in northern Quebec in an all-stock deal worth more than $500 million.

That agreement came even though Virginia has yet to publish a resource estimate for the early stage project.

Pacific International Securites analyst Michael Gray said it was unusual for a company to invest in the Eleonore project at such an early stage, but there are very few large potential gold projects out there to invest in like Virginia.

Gray said in recent years many of the major gold companies have depended on the junior exploration companies to find the deposits they need.

"It does take time to find deposits and then actually get feasibility studies conducted and actually get them to production, so even though we have $510 plus gold it is only those deposits that are ready to produce or are on the cusp of producing that will actually benefit form those prices," he said.

"In Goldcorp's case, they had a void in their production pipeline out in around 2011, so this Virgina asset Eleonore fits perfectly in their pipeline, so they're really planning for the future."

Ing compared the situation to the massive investments in the oilsands projects that did not seem viable when oil traded for $20 US per barrel.

"A lot of the oilsands were not very profitable when oil was under $30 a barrel, all of a sudden now, oilsands are on everybody's lips as the replacement for conventional oil," he said.

"It's a function of price."

[Packersoldkidney]

Looks like you and me on this one, Tricha: another solid day. Nice announcement to cap things off. Might see further interest tomorrow, especially if gold does what it has been doing recently.

[tricha]

Hi Packer

Yeah, you and me seem only ones interested, topped up 30,000 Monday at 28.5c
and another 30,000 Wed.

Good news out - gold will be poured by the end of the month:)

3.8 million traded yest, today on target for 2 million + and gold ramping every day, not even a sign of a correction.

Cheers

[tricha]

Good as Gold - 1st pour and nearly an ounce a ton.

And Silver

Cheers [B)][}:)]

[Packersoldkidney]

Still looking the goods, Tricha. Full production by February, by which time we might be seeing Gold re-testing its recent highs again. ;)

[tricha]

Hi Packer

Announcement - geo appointed to pin point the big one.

Cranking up production to high grade ore,interesting times ahead!

Good as Gold [B)][}:)]

P.S bloody glad I got into this one when the gold decoupled from the US$

[GB]

Well done Tricha - looks good - c&h on a 1 year -very tasty

[Packersoldkidney]

Yes, interesting times ahead, GB, as Tricha said.

[GB]

Yes i did buy in today Packer( and thanks for the find) - Cheers - that rating of number 1 among a range of other Gold mines re: link was nice to see - going into production at the right time - CTO not far away -CTO has 10 million oz resource

[Packersoldkidney]

BMO only has a small resource...at this stage.

They have excellent grades, so if gold for some reason goes belly up in the price stakes, they will still be making money.

A lot of us think they are sitting on a lot more gold then what has been found so far: including the management, apparently.

As you say, going into production at the right time, good management, some heavy hitters among the top 20, gold price ascendant. All adds up to something that is as near to a sure bet as you'll get in the market.

[tricha]

Survey done on mid tier gold companies by Fareastcapital 10.1.06 in the bmagold.com.au under the latest broer report.
I think this will get you in, make up your own mind,

http://www.bmagold.com.au/bmagold/2ndTIERDec05Gold.pdf.file?fieldId=6684

BMA rocks

[GB]

Oh yeah - biggggggg volume - i have a 1 week target of 45- gap up- snooze you lose

[GB]

Huge volume - 60000 ounces in first year - around a p/e of 10- about to fly !!!!! way undervalued - p/e of 30 is a triple

[GB]

this looks like a 3 gap play- they are fun-
If anyone here wants to know how to trade a 3 gap play - email me on mikey2free2002@yahoo.com-
i wont place it on st untill its over - disclaimer and all that stuff- too dangerous

[tricha]

Excellent report done recently by Hartleys ,which gives you all you want to know about a great little producing gold company.

25.6 gms a ton high grade reserve and they are now producing. Less than $300 OZ cash cost.

With huge upside, as they have only scratched the surface in exploration.
They have recently employed a specialized geologist.

Rated as a buy. I'd rate as a takeover opportunately target.

http://www.bmagold.com.au/bmagold/Hartley%20Review%20Jan%202006.pdf.file?fieldId=674 4

Please do your own research.

Cheers [B)][}:)]

[tricha]

BMA Gold hit hard by new capital raisng, seems to me like a cheap entry price.

8 million raised to advance exploration and so they should to, new top geologist, who has probably already identified some great targets.

This is going to be very interesting!

[tricha]

Paid for my new shares, I wonder how many million ozs these guys are going to find.[?][?]

Further High Grade Results at Twin Hills

First gold bar from 309 mine, Twin Hills Project


BMA Gold Ltd has announced a further very strong gold intersection over 7m, including a bonanza grade of 214 grams per tonne (g/t) gold over 3m, from its Twin Hills Project in Queensland.This latest intersection was in the upper section of Area 2 in drilling designed to confirm ore continuity in a zone of previous high grade intersections.

James Wall, BMA’s executive chairman, said Hole THRCD875 recorded 7m at 93.5g/t gold, including the 3m at 214g/t gold within an intensely silicifed breccia approximately 175m below the surface.

“The intersection appears to represent the up-dip and westerly project of bonanza mineralisation previously recorded within hole THRCD875 (17m at 318g/t gold) and is approximately 25m from this intersection,” he said.

The gold assays are by normal fire assays. The bonanza grade values will be checked by screen fire assays.

“Modeling work by BMA indicates that the latest intersection lies within the overall projection of the Area 2 zone,” said Mr Wall. “Drilling appears to have confirmed the overall steep geometry of Area 2 as well as what appear to be flat dipping spays. The latest drill hole substantiates this interpretation and adds confidence that a good block of very high grade mineralisation is present.”

Mine development is currently at the 1160mRL, approximately 80m vertically above the latest intersection. At current development rates, the company anticipates that mine development and stoping of this area will commence towards the end of 2006 of early 2007.

“The directors are highly encouraged by the latest drilling results and believe that this drilling adds confidence to continuing future high grade production from Twin Hills,” Mr Wall added.

- 13 Mar 2006

[Packersoldkidney]

Nice way to increase the holdings.....all we are waiting on now is the gold price to increase.....

[tricha]

The gold price is certainly increasing Packer, and as u know, so is BMO.

Got to go to 50 cents on current status and who knows, $5.00 if they find the rest of the Tip of the Iceberg.

My opinion only, but it is a possibility, as others have found multi-million ounces close by.

Cheers, form the diversified [B)][}:)]

[tricha]

New broker report out and it is all good!

http://www.bmagold.com.au/bmagold/Hartleys%20Report.pdf.file?fieldId=7344

[young_trader]

Bought on re-trace just before SPP, has held it up, but IMO is the most undervalued gold production play on the ASX, SMALL MKT CAP, DECENT RESERVES (MORE TO COME WITH DRILLING) EXCELLENT MARGINS

[young_trader]

With Gold at about $620 US/OZ BMO has margins of nearly $600 AUD per OZ thats huge!!!!!!!!!!!!!!!!!!!

Seriously look at this one chaps before its too late

[tricha]

Good report out, gold production starting to ramp.

Expect huge upside whats happening below, unhedged, debt free, into production and huge exploration upside.

SPOT MARKET IS OPEN
closes in 2 hrs. 12 mins.
Apr 28, 2006 11:19 NY Time
Bid/Ask 651.80 - 652.80
Low/High 634.40 - 653.80
Change +17.90 +2.82%
30daychg +78.70 +13.73%
1yearchg +221.40 +51.44%
Charts...

P.S out of this world gold grams per ton. Makes most producers look like girls![B)][}:)]

[kline]

Now,this is waht I call ramping...good job guys
How about the 250 KMS they have to transport the gold ore to the production facility ?

[whiteheron]

kline

The cost of transporting the gold to the production facility is around $23 per tonne of ore
Because of the very high grade of the ore this is not a significant cost and is more than offset by the low cost of the processing compared to establishing a new processing facility

[kline]

Let's hope the ore's quality stays high

[tricha]

Well Kline

Gold is ramping! BMA Gold is ramping, Exploration is ramping.

Yes I'm ramping again.

SPOT MARKET IS OPEN
closes in 5 hrs. 34 mins.
May 05, 2006 07:56 NY Time
Bid/Ask 679.80 - 680.70
Low/High 675.70 - 685.40
Change +5.20 +0.77%
30daychg +92.20 +15.69%
1yearchg +250.40 +58.31%
Charts...

This one is potential, skys the limit, if exploration hits the pot.And the pot potential is huge!

If it dosn't it will still be a great earner.

Cheers not so [B)][}:)]

[kgee]

My thoughts exactlty! I'd just like for a second to get into the heads of the sellers ....I just can't figure out why so many sellers keep stepping up to the plate when BMO has such potential
If there's any sellers out here please explain????

[Packersoldkidney]

On the move: the big swing is yet to come.

[whiteheron]

BMO has actually done well in the last 5 weeks or so
Hit 40c today , more buyers than sellers now

Dont panic , sit back for a while and I am sure that you will be handsomely rewarded

The market sometimes takes time to recognise good stocks

[tricha]

Ramping like a train, next stop 50 cents.

Any good news and blue sky and believe, me exploration upgrades will come.
If u do not believe me, http://www.bmagold.com.au do your own research before it's to late.[V]

Great bonus to pick up the 7,857 xtra shares at 28 cents they gave out recently.
:)
Cheers [B)][}:)]

[tricha]

Beat this 317 gms over 17 metres!

unhedged!

In production!

Exploration upside huge!

Top Management!

New top Geologist in action!

No soverign risk!

No Debt!

U will not beat it! Challenge anyone to find a better gold company, yeah I'm ramping, but so is BMA Gold.

[whiteheron]

It is just awakening tricha

And with gold now over US $700 BMO has huge upside !!!

[peter_s]

Another great day today. This one is looking great!

[backtobasics]

quote:Originally posted by tricha

Beat this 317 gms over 17 metres!

unhedged!

In production!

Exploration upside huge!

Top Management!

New top Geologist in action!

No soverign risk!

No Debt!

U will not beat it! Challenge anyone to find a better gold company, yeah I'm ramping, but so is BMA Gold.


Tricha, you'll do yourself an injury carrying on like this. GDR is a better gold company. Do I win a prize for pointing this out to you?:D

[GB]

Only good things to say about this little honey well done Packer and tricha for the heads up-

[tricha]

Good one GB, take it u r on board.

Well any day now reserve upgrade on the last drill results.Bit of early interest in BMO today, I wonder.

Back to the basics - we are talking gold here, not the silver.

Calculating interceptions

7 metres at 93.5 g\t
14 metres at 10.6 g\t
8 metres at 11.6 g\t

[Packersoldkidney]

Well, this has cracked big time: sentiment is such a funny thing. Gold is still above $600 US an ounce, and this crew are already well advanced along the production curve. Those that bought at 45 cents would have lost around 40% of their dosh by now.

Still a great quality company in the making, albeit one that probably hasn't found a bottom yet. There are a lot of quality stocks out there that are already looking awful cheap....and are likely to be cheaper still in the not too distant future.

Interga's decision to hedge 60% or so of its output is looking better and better everyday.

[whiteheron]

Yes Packers

Never underestimate the power of sentiment , it can be much more powerful than logic

I too believe that BMO is still a hold medium to longer term
There are also many others in a similar situation

In the end the fundamentals will win out --- and I believe that they are still very sound

A number of metals , both precious and base , got ahead of themselves and are now returning to sanity

A look at a few one year charts at http://www.infomine.com/investment/metalschart.asp?c=silver&u=oz&x=aud&r=1y&submit1.x=28&submit1.y=10 will clearly show what has happened

[tricha]

Game, set, match, BMA Gold ready to roll! I had to get greedy and topped up another 40,000.

Appoints managing director\CEO Mr Wheatley ( ex SBM non executive director), says after visit to site,( Near term developement options looks promising, as does exploration upside [:p][:p][:p] )

I wonder how many people read the fine print [?]


Top geologist and now top management [?][?][?]. All views on our new CEO much appreciated !
Rule #1 - Top management make a top company.

Cheers not so [B)][}:)]

P.S Gold starting to ramp again, lets hope this is the next stage of the Gold bull, Australian Dollar +1.49% 06/30-16:59 1.3462 0.7428 825.76 25.03 3.03%

[Packersoldkidney]

Will be a good day on Monday for BMO, Tricha, I reckon. Maybe a bit quieter Tuesday because of the holiday in the US.

[tricha]

Yeah should be a good day for BMO Monday Mr Packer.

Do u have any views on the new CEO [?][?][?]

[Packersoldkidney]

quote:Originally posted by tricha

Yeah should be a good day for BMO Monday Mr Packer.

Do u have any views on the new CEO [?][?][?]


Thumbs up from me, Tricha. Surprised it didn't go higher today, but think later this week should see some higher numbers price wise.

[Packersoldkidney]

Promising announcement today.....there is more gold in them thar Twin Hills.

[tricha]

Great announcement Mr Packer.

More gold and hopefully a lot more announcements soon.

[Packersoldkidney]

Seems BMA Gold needs a tot of whiskey, several volts of electricity, and some CPR to get the heart going again. Gold is going up, but BMO is going nowhere. If anyone has any of the aforementioned, you can hand it over to me and I can assure you they will be used to get BMO going again. Especially the whiskey: could you make it the Scotch variety and aged for at least 18 years. Thankyou.

Think it will be a matter of time: there is still a large overhang from the placement, and there are a lot of quality goldies out there to choose from.

[tricha]

Greed is in, ouch! [:I][:I]

But logically, if gold goes up, gold stocks should go up.

No, wrong answer today.

Yep, bought another 20,000 @ 29.5 cents today.

Yep, totally over exposed in this, one stock.

If this one tanks, thats it, I'm retiring, with what it has got,should hit 60 cents.

If they find the base of the iceburg, $10

Cheers not quite so [B)][}:)]

P.S keep your mind and options open.

[backtobasics]

Good luck tricha.

Lets hope these gold stocks start getting to the prices they should be at!

[Sharpie]

Jumped in on fri as well Tricha. They will prob dip under 30 again on Monday for those wanting to jump in.

[tricha]

Thanks for the luck, Backtobasics. Actually I more I look into it, the more I like it, the new CEO from SBM, wouldn't be taking this one on for fun.
Expect to see fireworks soon from the new boss! He has been through the ropes in SBM and look at that company go.

Welcome on board BMO, Sharpie. With the gold price a touch off $900 OZ, it's a great entry price to get in.


Another of BMO golds cousin -
Conquest Strikes at Mt Carlton

Conquest’s managing director, John Terpu


Conquest Mining Ltd has made its most significant geological discovery to date at its Mt Carlton Project, located 135km east of the Charters Towers Goldfield in Queensland.

Exploration drilling at the Silver Hill prospect has unearthed a deposit containing commercial mine levels of gold, silver and copper, which builds on previous finds at the site totalling 3.5 million ounces of silver and 95,000 ounces of gold over the past two years.

John Terpu, the company’s managing director, said the find is the result of great team work.

“This find took about 9,000m of drilling in more than 80 holes over the past eight months. In the last two months we struck ore grade minerals in almost every hole,” Mr Terpu said.

“One cannot say how big this new find really is, but I am quietly confident that Conquest will continue to add to the resource. I believe there is substantial potential for expansion of this deposit, as the mineralisation is shallow, flat lying and open in all directions”.

“So far we have tested only 20% of our 1km circular magnetic target. Given the consistency of our finds so far we see no reason why a larger area will not yield at least similar results,” he said.

Exploration drilling west along the Silver Hill prospect vein zone has intersected a significant zone of sulphide mineralisation from 53m depth with 28m at 4,350g/t silver, 0.71g/t gold and 5.9% copper in HC06RC39.

A high grade gold intersection is reported from the V2 prospect area with 11m at 27.6g/t gold, 188g/t silver and 2.01% copper in hole HC06RC53 from 121m depth. This is within a zone of 46m at 9.11g/t gold, 68g/t silver and 1.08% copper from 86 m depth. This hole stopped in mineralisation of 38.8g/t gold, 223 g/t silver and 4.29% copper after running out of drill rods at 132m depth.

All holes were drilled with a Reverse Circulation percussion rig and sampled as 4m composites. All samples reporting over 0.2g/t gold, 25g/t silver or 0.2% copper have been re-assayed at 1m intervals using an ore grade method.

Conquest Mining is a Perth-based mining exploration company focused on discovering low cost gold and silver resources. Exploration at Mt Carlton has delivered resources at a cost of $15 per ounce of gold compared with an Australian average of $60 to $70 per ounce for grass-roots exploration.

The company has a large portfolio of tenements with 25,000sqkm pegged in Queensland.

- 17 Jul 2006

[Packersoldkidney]

Well, as a long term holder of this stock, I have to admit that the shareprice performance is extremely disappointing. You win some, you lose some.

[leonchai]

what do you think of the latest quarterly report?

[Packersoldkidney]

quote:Originally posted by leonchai

what do you think of the latest quarterly report?



Well, there is nothing in there that is unexpected.

Still think the stock has excellent prospects, and I think over the medium term will be a winner: unfortunately I could say that about quite a number of other stocks as well. The barometer of performance is always the shareprice, and on that gauge alone this co. is performing poorly.

I hold this stock, but can't see any light at the end of the tunnel for quite a number of months yet.

[leonchai]

Based on their 25,000 ounce production for 2006, at cost of A$400/ounce and a sale price of A$800 per ounce, that would be a profit of 10 million dollars or 4cps, or a PE of 6.75.

Still cash in bank of about 4 million, and unhedged as well.

IF they can ramp up production to 70,000 ounce in 2007 as in the quarterly, then that would be a 11cps earnings or PE of 2.6 A more pragmatic figure would be maybe 50,000 ounce for 2007, so earnings of 8cps or PE of 3.4.

Plenty of upside yet from lone sister as well.

Still a buy IMHO!

[Packersoldkidney]

I too think 70000 oz is a trifle optimistic....really the big drag on this is the twin weights of not meeting their production schedule, and not having proved yet the mine will live past 4 or 5 years.

[whiteheron]

Packers---------

Still a good stock in my opinion, but as you say so are a lot of others

I will continue to hold as I see considerable upside in the next year or so
A little patience is often well rewarded, in times past I have often sold too early only to regret it later

[Wossname]

Mr Mark Wheatley has recently been appointed as Managing Director and Chief Executive Officer. Anyone got a view on whether that's good news for we shareholders?

[Packersoldkidney]

quote:Originally posted by whiteheron

Packers---------

Still a good stock in my opinion, but as you say so are a lot of others

I will continue to hold as I see considerable upside in the next year or so
A little patience is often well rewarded, in times past I have often sold too early only to regret it later


Good, a vote of confidence from the Heron is one that should be respected.

Cheers.

[absolut-advance]

POK can i ask what shares you are currently holding? Medium to long term....
am interested for further research


AA


quote:Originally posted by Packersoldkidney


quote:Originally posted by whiteheron

Packers---------

Still a good stock in my opinion, but as you say so are a lot of others

I will continue to hold as I see considerable upside in the next year or so
A little patience is often well rewarded, in times past I have often sold too early only to regret it later


Good, a vote of confidence from the Heron is one that should be respected.

Cheers.

[tricha]

Pretty poor report really and management, have not been up front.
Cash costs risen dramically.

Lets hope they will be more professional with a dedicated CEO.

[Packersoldkidney]

quote:Originally posted by absolut-advance

POK can i ask what shares you are currently holding? Medium to long term....
am interested for further research


AA


quote:Originally posted by Packersoldkidney


quote:Originally posted by whiteheron

Packers---------

Still a good stock in my opinion, but as you say so are a lot of others

I will continue to hold as I see considerable upside in the next year or so
A little patience is often well rewarded, in times past I have often sold too early only to regret it later


Good, a vote of confidence from the Heron is one that should be respected.

Cheers.



You'll have an email in 5 minutes.

[absolut-advance]

Hi POK, email didnt arrive, could you resend..

cheers

AA

quote:Originally posted by Packersoldkidney


quote:Originally posted by absolut-advance

POK can i ask what shares you are currently holding? Medium to long term....
am interested for further research


AA


quote:Originally posted by Packersoldkidney


quote:Originally posted by whiteheron

Packers---------

Still a good stock in my opinion, but as you say so are a lot of others

I will continue to hold as I see considerable upside in the next year or so
A little patience is often well rewarded, in times past I have often sold too early only to regret it later


Good, a vote of confidence from the Heron is one that should be respected.

Cheers.



You'll have an email in 5 minutes.

[Packersoldkidney]

Sent two emails, AA: if they haven't arrived send me an email and I'll bump you back.

[absolut-advance]

Hi POK , thanks heaps never recieved any emails , my email address is arrangingfire25@hotmail.com

Will email you via sharetrader

Cheers

AA

[whiteheron]

Hi folks

Just a note to inform you that there is a Hartleys review dated 1 August on the BMA Gold website

A few key points :
The commencement phase was impacted by delays and production was less than expected to June 06
Apparantly 5,000 oz Au were poured in July, a much better performance
Production is unhedged
Good cash position
Cash costs for the next 2 years are expected to be under AUD $300 per Oz
Rated as a buy, with a valuation of 46 cps
Potential operating cash flow over AUD $30 million pa
NPAT 07 $20m & 08 $17m, with eps around 8 to 9 cps

Maybe output, projected at 70,000 ozs pa, may be a bit on the high side (in my opinion) but even 50,000 to 60,000 ozs pa will produce a very healthy result

I see considerable upside, not immediately, but in about 6 months when the improved results come through
Only my opinion though, do your own research

[tricha]

Just seem to be a few Alarm Bells Ringing

Hopefully you are right Whiteheron, management need a good kick in the butt, in my opinion, for being extremely slow to disclose poor results.

Also they are burning up their cash they just raised, at a good rate.
Management stated it was to kick start future exploration and to top it off, exploration results over the last 6 months with our new top geologist are few and far between [?][?][?]

Harleys seem to know a lot, more than we are told by BMO.

Where is the best place to find who holds what shares in BMO, dosn't seem to show in their web site [?][?][?], heard Hartleys held an interest in them, need to find out. They might be pumping and dumping!

Cheers not so [B)][}:)]

[tricha]

Well we know whos buying some more, Commonwealth Bank, thats got to be a vote of confidence.

Still do not know who is selling.

Must be an easy take over target, CBA could make some good money out of it yet.

[Snopig]

Nice drill results out today and sp shows it. [8D]

[tricha]

About time we had some good news, lets hope they release positive production figures to go with this.
The scary thing is the price being so low, could get taken over cheaply.


Drill results flag mine life growth for BMA
(Tuesday, 22 August 2006)

SHARES in BMA Gold have enjoyed a 12.5% appreciation this morning, following the release of drilling results that could add to the mine life of the company's Twin Hills gold project in Queensland.

[Packersoldkidney]

Nice POP! today: needs the POG to head in the right direction to really get cranking.

[peter_s]

Some nice news today indeed. I'm a holder :)

[whiteheron]

Yesterdays announcement will do much to convince those that have been concerned about the perceived short mine life

This, combined with the next leg up in the gold price should put BMO well into the 30c plus range

Just my opinion --- I feel happy with BMO

[tricha]

Hopefully this is the start of the next leg up Whiteheron

BMO seems to be slowly moving, could see the cogs moving real soon.

Gold up + a good production report + more good gold intercepts = one dollar a share ( dreams are free )

SPOT MARKET IS OPEN
closes in 4 hrs. 56 mins.
Sep 05, 2006 08:35 NY Time
Bid/Ask 634.90 - 635.90
Low/High 625.80 - 637.00
Change +10.50 +1.68%
30daychg -9.40 -1.46%
1yearchg +189.90 +42.67%
Charts...

Cheers not so [B)][}:)]

[whiteheron]

Hi all

I must say that the BMO share price has been very disappointing over the last few months

What is needed is a really good quarterly report for the 3 months to 30/9/06
to move the share price up by a significant amount --- say to around 30c to 35c

Well, within 3 weeks I guess that all/most will be revealed

I am continuing to hold meanwhile

[tricha]

Did anyone read their presentation in September.

Well worth the read. 9,300 ozs for Jul|Aug @ $400 dollars cash cost, should lend itself to a 3.7 million profit at $800 OZ an ounce, for those two months.

Huge exploration upside and if they strike .................., we know the consquences.

My only gold play due to all that hype on Kitco, yep, my insurance policy, just in case those goldbugs get it right one day.


Cheers and does any one know where Packer is [?][?][?]

[whiteheron]

Well folks

Yesterdays quarterly report seems to have failed to ignite the market too much --- BMO presently up 1c

Has appearances of being a good investment but seems unable to get momentum

I am seriously considering moving to other pastures, maybe a company with silver a major part of production (present or future)

What do you think ???

[tricha]

Pretty bad report.

- what happened to the 26 grams per ton for area 2, now 21.

- this quarter, only 6.7 grams per ton area 1 left, so with high transport costs, very low profit or none.

- Mill life not very long, so if SMC buys back for 2.75 million, then what is BMO going to do, spend 50 million on a new one?

- Recent exploration results in this report suk.

- Extension ore to Area 2 will be high cost as ore vertical, so decline expensive.


Hmm, BMO now high risk. I think I'll stick to nickel and zinc!

[whiteheron]

tricha

Yes, BMO has been very disappointing
It had all appearances of being a winner

I had three parcels --- one sold, one for sale and one I will keep, but with much reduced optimism

There are many good companies out there, but it is not easy to establish which ones they are

I think that copper, nickel zinc and silver are the ones to go for, but silver producers are very rare

[denpal]

BMO had so much promise, but like several other emerging producers, there are problems which won't go away in a hurry. Look at BDG, BGF, TAM for example. Massive losses recently for holders, very bad news.

Whiteheron, look at JML they will have silver as quite a decent part of their zinc/copper/silver production from next year. Many positive comments on this company. Also Macmin MMN, but there are question marks there too as they never seem to be in a hurry to actually start mining the stuff. I have invested in Canadian silver stocks for silver exposure, eg First Majestic FR.V. Quite cheap for all it has and on its way to 4-5 mill ounces p.a.

Emerging producers = high risk. Top quality exploration plays are the way to go, no production risks and upside through resource growth. Doug Casey preaches this and he is right. Look at NAV, AVO and GDR for examples of this.

[whiteheron]

It looks as though BMO may at long last be waking from a long slumber, lets hope so
Gold is looking a bit promising

denpal
I have, for me, a good number of MMN and MMNO
Yes, MMN seems in no hurry to actually get into production but I consider they will come out well in the end
I believe that silver , in the medium to longer term , will outperform gold

I dont have JML but they certainly look pretty good

[whiteheron]

It looks as if it could at long last be wake up time for BMO

Share price up to a high of 31.5c today --- and they even managed a speeding ticket from the ASX, which they claim to know nothing about !!!
the usual response to a query about a marked movement in share price

Maybe this is the beginning of better things to come
I believe that the company received a good report late last week but I am not sure of the source

[Volcano]

70,000 ounces for 2007. I think this one could really explode in the near future.

[tricha]

Explode or Implode.

They just borrowed 8 millon from CBA to prop up this quarter.
Yep, sorry to say this is going to be another poor quarter.

They might not even have a mill in the future.

They have an ore body which is vertical, very expensive to mine.

They might or they might not do 70,000 ounces next year, so far they have been wrong on every major statement.

They stated that the ore body was the tip of the iceberg,one year on with a top Geo, not much to get excited about really.

Dam, was I wrong about BMA Gold.

But u never know, they could announce a big strike tomorrw!

Happy hunting [8]

[gamerice]

I am new to charting/TA.

RSI is not very indicative for this stock,
however bollinger bands has signaled a 'Buy',
as the lower bound is breached.
BB history on this stock has been quite accurate on this stock.

[Volcano]

Tricha, whats with the big red letters, you trying to deramp this stock?

So what they have a loan facility. BDG has raised massive amounts twice and will produce less then BMO in 2007.

There is no hedging, that's what counts, CBA's facility if they need it is a big vote of confidence, I think this one has the potential to go to $1+ in 2007.

[tricha]

Volcanoman - "There is no hedging, that's what counts, CBA's facility if they need it is a big vote of confidence, I think this one has the potential to go to $1+ in 2007."

Well Volcanoman, looks cheap too u, then a excellent opportunity to go and buy a heap more at this bargin price ;)

I think CBA from memory own 18% of BMA Golds 243 million shares. So far there has been nothing but bad news come out of them.
This quarter shaping up to be really bad, but I'm sure they will ramp up the company with a 70,000 ounce carrot.
If CBA was to change their tune and start dumping [?][?]

For your sake I hope they get it right sometime soon. And if they find the rest of the iceburg it will all be good.

Cheers

[whiteheron]

Well folks, what a disappointment BMO has turned out to be

It looked pretty good but what has happened reinforces that mining companies, especially exploration and one mine companies, are risky investments
Some are winners and some are losers



We all like to have winners, but unfortunately have to take a hit on the odd loser
Thats life
I have quit BMO and moved to greener pastures (hopefully)

[Mick100]

If it's any consolation to you WH I'v lost money on a couple of gold miners - CRS, HIG and gave back most of my profits on BGF before selling them. I think I'll stick to investing in silver miners as my PM play from now on.
.

[tricha]

Imploded!

They just borrowed 8 millon from CBA to prop up this quarter.
Yep, sorry to say this is going to be another poor quarter.

They might not even have a mill in the future.

They have an ore body which is vertical, very expensive to mine.

They might or they might not do 70,000 ounces next year, so far they have been wrong on every major statement.

They stated that the ore body was the tip of the iceberg,one year on with a top Geo, not much to get excited about really.

Dam, was I wrong about BMA Gold.

But u never know, they could announce a big strike tomorrw!

Happy hunting

Got out by the hair of my Chinnee, chin, chin!

Hey,Volcanoman, I hope u did not buy to many more when I was downramping them.

Cheers [B)][}:)]

P.S I'm sticking to Nickel, the devils metal, seems to be much Moore profitable.

[Wossname]

Whistling in the Dark:

1. BMO could try open-cutting a lower grade, higher volume anomaly.
2. BMO aren't in significant debt.
3. Managers who committed BMO to Area 2 seem to have gone.
4. BMO still have sizable, prospective, underexplored tenements.
5. Area 3 is available to maintain ore supply for a while.
6. It's always darkest before the storm.
7. Don't burn your bridges until you come to them.
8. I'm not qualified to give investment advice. Do your own research.

[tricha]

Well good for Wossman!

If that is what u believe, maybe u should buy some more!

Me, i wouldn't touch them for the promise of all the gold in the world.:(

[Wossname]

Hi Tricha.

I'm not suggesting that anyone buy more BMO. I'm not even suggesting that people keep holding if they don't want to. I may sell BMO myself, particularly if there's a dead cat bounce.

I was trying to cheer people up, and I think that there are quite a few facts supporting that. If I divest myself of my BMO shares, it won't be because I think there's no hope of recovery. It will only be because there are other companies out there that could grow even faster than BMO could from this point.

As best I understand it, BMO's mistakes won't be repeated, firstly because the mistakers may have left, and secondly because BMO has been dealt a useful lesson. BMO remains a gold producer with tiny capitalisation, decent management, modest debt, an income stream for now, and underexplored tenements. I'm no expert, so by all means contest what I'm saying if you want. I'd be interested to hear your supporting facts.

Regards

Wossname

[etrader]

See Commonwealth bank have reduced their holding by 2% so that does not give a good hint of confidence

[tricha]

Wossname - "and secondly because BMO has been dealt a useful lesson"

The lession might be they are flogging a dead horse. ( CBA have now smelled the coffee)

Anyway best of luck Wossman.

[Wossname]

The Gold Company (ASX:GGG) apparently has the The Three Sisters project, involving two areas combined into one exploration permit, EPM 14588, covering an area totalling about 106km2, and one exploration permit application (EPM 15517) covering 14km2.

These two blocks apparently partially surround ground held by BMA Gold.

Refer to Independent Geologists Report at http://www.thegoldcompany.com.au/ for more detail.

As of 27 December 2006 the securities of The Gold Company were suspended from ASX quotation pending the release of an announcement.

I don't have any more information than the above, and even that bears checking. Don't take anything I've said here or elsewhere as investment advice, and do your own research.

Does anyone here know anything about the reason for the GGG trading halt?

[etrader]

No apparant answer, the last issue of notice 27 Dec asking for suspention and nearly the end of Jan and no info, was very brief reason GGG asked for it.

Well could there be a very small chance they want to take the property of BMO ? the are only capped at 5ish million

That's all i can find

[Wossname]

Thanks Etrader. I guess that yours is one of several possible explanations for the trading halt, and it's one I hadn't thought of. I had wondered if a takeover in the opposite direction, BMO acquiring GGG, might be on the cards. Pure speculation on my part, but I thought BMO might feel a need to acquire GGG before someone else does, depending on whether BMO could finance the buy.

[etrader]

Wossname:

A company as small cap as GGG would find it harder to take over another company, but there could be a possible merger. I think there would be similar rules that apply in oz with continuous disclosure and that GGG as they are on a trading halt pending an announcement, then i would figure that Bmo would either be on a similar announcement and hence would have either declared that they are neg with a 3rd party in regard to selling/merging, etc. Just a thought, initially i would think it to be a more negative issue with GGG that they might have gone on trading halt due to not filing financials/raising large sums of money and an investor wants it on trading halt, obviously there could be some synergy with aligning property but i would not think that would warrant such a long trading halt, to date i have had no time to research ggg except there cap.

Thanks for pointing them out and will also keep an eye on this stock.

Disc: Have a small holding in BMO

[Wossname]

Thanks Etrader

[etrader]

Wait for the slam dunk on BMO in the morning at oz close CBA reduced another 2% into the market of their stock, to me it does not show good faith in the Co by selling down even though they have just loaned another 8 mill shares closed around 10c, would guess another .02c off in market open.

[tricha]

Slam dunk all right etrader.

CBA have certainly smelled the coffee and have quite a few million more shares to sell.

Just shows you how one can be blinded by gold fever, myself included!

Seen the light!

Cheers [B)][}:)]

[etrader]

OK So we said slam dunk the other day when CBA reduced from 15 to 13ish %, well down again to 8% from MEmory

BMO are ceasing mining, closing down plants and selling surplace assets, i think on Thurs they closed around 10.5c, predict tomorrow .04c to .05c, they only hope they have is to convert to Uranium, and see if people get excited.

:( All downhill from here

Disc: Hold a few :(

[denpal]

quote:Originally posted by etrader

OK So we said slam dunk the other day when CBA reduced from 15 to 13ish %, well down again to 8% from MEmory

BMO are ceasing mining, closing down plants and selling surplace assets, i think on Thurs they closed around 10.5c, predict tomorrow .04c to .05c, they only hope they have is to convert to Uranium, and see if people get excited.

:( All downhill from here

Disc: Hold a few :(


It could conceivably go broke even and follow CRS down the gurgler. A dreadful ending to a company that appeared to be too good to be true.

[etrader]

All over red rover, company just gone in to Administration due to the default on the CBA loan, well at the same time that CBA has been reducing their stake.

There seems to be a few shaky ones on the stock market at the moment in the Gold sector.

[whiteheron]

What a very sad outcome for a company that looked to have so much going for it

Cost many of us money
Fortunately for me not a catastrophic loss, but all losses hurt OUCH!!!!

[etrader]

quote:Originally posted by whiteheron

What a very sad outcome for a company that looked to have so much going for it

Cost many of us money
Fortunately for me not a catastrophic loss, but all losses hurt OUCH!!!!


Whiteheron: Not sure if you've followed this story but they're coming out of administration this year with the prospectus for a rights issue out in august and floating shortly after that, they've restructured the company canceled some restricted shares aroun 25 mill of them sold off non core assets. So hopeful for at least some value in this stock i unfortunatly purchased a few just on their downward spiral and then it went into a trading halt, hmm since then at least gold values have increased.

[whiteheron]

etrader

This share caused me my biggest ever loss
It is now out of bounds and mostly, but not completely, out of mind

[etrader]

quote:Originally posted by whiteheron

etrader

This share caused me my biggest ever loss
It is now out of bounds and mostly, but not completely, out of mind

I guess you won't be subscribing to the rights issue, but your existing shares will be able to trade again so we can proably expect to claw back a small amount of our original capital, i'm picking a very heavily discounted rights issue diluting existing holder if they don't take up their entitlement, i'm sure after getting burn by admin many won't be keen until it's proven.

[whiteheron]

All gone
Shares sold before it went into administration

Sorry, confused with GTM/CME which was actually my biggest loss

[etrader]

quote:Originally posted by whiteheron

All gone
Shares sold before it went into administration

Sorry, confused with GTM/CME which was actually my biggest loss




You must have just got out in time, i got caught as i bought just before they went into admin for .15c luckily did not get many but at least i am going to receive some value off them, i guessed they'd be totally sunk.