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BKM, BKM MANAGEMENT LIMITED |
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Posts: 1 ![]() |
BKM is capped at ~ $3M. Stock is trading at .005c - yup half a cent. So read further if you dare...
The window for a free carry setup is open atm and here is why. i) These guys know how to keep themselves listed, churning out a small loss from their existing not-so-exciting activities ~ ($50k)/Qtr ii) Placement completed to give us a few Qtrs of relatively stress free speculating of what is, let's face it, a dog stock. ii) trading below placement price (0.007) due to daytraders being trapped in the stock as the spike failed this Monday on the Potash/REE news. iv) Re: Monday news: Priority allocation in the proposed IPO of the Potash & REE leases and the really big carrot... a potential Mongolian energy project. Now let's face it, fair chance they don't pull any of these rabbits out of their hat, but the beauty here is you can buy up stock atm from distressed daytraders as they fret themselves into selling. Then look to offload again ~ 0.008c and establish a small free carry for what could be a multibagger punt. Just need a little patience to work the natural trading range, and perhaps strong nerves. This particular strategy works well on this kind of setup, but one must be careful and do their DD so the probabilities are strongly favoured to us. |
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Posts: 19 ![]() |
This has had an increase in activity lst week. any clues why?
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Posts: 250 Thanks: 2 ![]() |
BKM have had a bash at a gold deal in China & a media play, both of which came to nothing, however as mentioned in the annual report & as I have confidence that McKee will find something to add to shareholders wealth, even though I will not be holding my breath I continue to hold. |
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Posts: 45 ![]() |
*** bkm *** buy signals
support line 1 ents flag up 1.1 love to see 1.2 soon bought position, stay on side line 0.8 |
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Posts: 70 ![]() |
sorry, what ? watch the action
which action |
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Posts: 250 Thanks: 2 ![]() |
The issue to Yang is an incentive to get something going & I notice that McGregor paid 1.4c for his issue with a free att option. BKMOA expires jan 05 & maybe 'loyal holders' will be offered some sort of deal. I bought a few more at 1.3c until the order was purged so will now be patient & hope a deal can be done sooner rather than later along the lines of a Gold play in China. Watch the action, check the charts as many shares move before the ASX ann. |
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Posts: 70 ![]() |
any news from BKM> 1.5 clean up
your comments appreciated seems to have issued capital to directors looking good at 1.5 |
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Posts: 250 Thanks: 2 ![]() |
Since last feb BKM has been looking to China for some sort of gold (mining) deal. A specialist Chinese whealer & dealer is on the board(read the ann.) & I will be voting to pass his option package at the AGM on the 29/11. I have bought a couple of parcels (ave 2.4c) after a period of the price drifting south there has been some interest today & last week buyers were in the mkt then removed the bids to weaken the buy side. Something is up & if any readers have some 'high risk' funds then a little flutter in BKM may provide a xmas present.
http://trading.national.com.au/ComNews/20040204/00414517.pdf |
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Posts: 996 Thanks: 2 ![]() |
BKM
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