wilson5 Posted December 31, 2004 Share Posted December 31, 2004 In reply to: AgentCooper on Wednesday 29/12/04 03:59pm Hi Agent,AAM is a very similar storey.Just a bit behind BMO.They have a lot less shares on issue and a lot of news in the very near future.Prob be a stand alone mine.Shallow grades are excellent so very economic.I hold BMO and AAM. http://www.ShareScene.com/html/emoticons/king.gif Link to comment Share on other sites More sharing options...
Ooops Posted January 11, 2005 Share Posted January 11, 2005 It is nice to see a change of pace for this one. I sold 1/2 my holding recently but I still think it has a way to go. The XAU looks to be kicking up too so I guess most people think that gold has bottomed for now (currently 421.80). I think there is some way to go yet for BMO . Please do your own research. Link to comment Share on other sites More sharing options...
thekiwi Posted January 16, 2005 Share Posted January 16, 2005 BMO has had a couple of goes at 36 and today it looks set to open at 36 with some good volume. Recent announcement that CBA has been taking a position Link to comment Share on other sites More sharing options...
thekiwi Posted January 20, 2005 Share Posted January 20, 2005 $12 million Share Placement Finalised On 30 November 2004 the Company announced that it had arranged a $12 million placement of shares, to investor clients of Bell Potter Securities Limited and Grange Securities Limited. I am please to advise that the placement was today finalised with the allotment of 48,000,000 ordinary fully paid shares at 25 cents each. Shareholders approved the issue of the placement shares at a General Meeting held on 10 January 2005. The funds raised will facilitate early commencement of the staged development of the Twin Hills Gold Project. Stage 1 will entail mining of high grade gold ore from the 309 Deposit at Twin Hills and the treatment of the ore at a gold treatment plant located at Rishton near Charters Towers, which is being acquired by the Company. First gold production is scheduled for around the end of September 2005. The Company today also allotted 200,000 ordinary fully paid shares to The Venture Capital Group Limited in respect of part of the fees incurred in arranging the above share placement. Attached is Appendix 3B in respect of the shares issued. Yours faithfully, BMA GOLD LIMITED Link to comment Share on other sites More sharing options...
Ooops Posted January 21, 2005 Share Posted January 21, 2005 In reply to: thekiwi on Monday 17/01/05 09:53am BMO has filled the recent gap up from here? I hold. Link to comment Share on other sites More sharing options...
thekiwi Posted January 26, 2005 Share Posted January 26, 2005 Announcements on evening of 25th show where the bulk of the sales on 21 Jan came from http://www.ShareScene.com/html/emoticons/unsure.gif Maybe thats the last of those wanting to offload ... and BMO can carry on up again Link to comment Share on other sites More sharing options...
AgentCooper Posted February 5, 2005 Share Posted February 5, 2005 In reply to: thekiwi on Thursday 27/01/05 08:49am The sophisticated investors who partook of the 48m of shares issued at 25c have had plenty of time now to take their profits...clearly many of them are happy to hold. The selling depth is weak, indicating that shareholders are happy to hold and when the ocassional market seller turns up, off screen buyers are happy to wade in. BMO is entering an interesting stage of development and I am happy to hold this one for awhile yet....it is certainly a difficult one to trade given the lack of liquidity. Coop Link to comment Share on other sites More sharing options...
john constantine Posted February 5, 2005 Share Posted February 5, 2005 just imagining the ability to produce a dividend stream in the next year or so,had me watching for a while. finally entered on friday [put an order in with the full service broker at 31 cents, but got filled at 30.5]--------all things being equal,this could be a bottom drawer stock. Link to comment Share on other sites More sharing options...
AgentCooper Posted February 7, 2005 Share Posted February 7, 2005 In reply to: john constantine on Sunday 06/02/05 12:43am Hi John I honestly can't see BMO paying dividends in the foreseeable future...the mine only has a 3-5 year life, and the company is more likely to use profits to acquire more prospective tenements and "build" a viable long term gold business. BMO management have the right pedigree & experience to do that successfully - rather than just p$#ss the profits up against the wall but I just cannot see dividends being an option. I know that in their Research report Grange Securities forecast dividends but I'm not holding my breath. Nevertheless, I remain optimistic about BMO's future. Coop Link to comment Share on other sites More sharing options...
john constantine Posted February 10, 2005 Share Posted February 10, 2005 In reply to: AgentCooper on Monday 07/02/05 09:00pm g'day agentcooper,i am not one to seek to bleed dry a successful small company,but i have the thought that a highly profitible short life mine should generate a swag of franking credits------creative capital management could find these credits a good home with shareholders,and improve access to capital as they do so........[and the blue sky is 'what if a bit more drilling proves up enough to extend the mine life a bit longer?] Link to comment Share on other sites More sharing options...
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