Australian (ASX) Stock Market Forum

CNB - Carnaby Resources

System

Administrator
Joined
Jun 27, 2010
Posts
3,170
Reactions
81
Berkut Minerals is a Western Australian minerals exploration company that has recently entered into an earn-in agreement to acquire an interest of up to 70% in the Cairn Hill Gold Project and secured a 100% interest in nearby Mt Clement Gold Project, both located in the Ashburton mineral field of Western Australia. The Company has also identified and secured 188km2 of ground prospective for lithium in the Savory Basin of Western Australia, being the Capricorn Lithium Project.

It is anticipated that BMT will list on the ASX during September 2016.

http://www.berkutminerals.com.au
 

pixel

DIY Trader
Joined
Feb 3, 2010
Posts
5,359
Reactions
329
Today's announcement refers to Berkut taking an interest in, among others, Jáchymov, until 1945 known by its German name of Joachimsthal, situated in the Karlovy Vary Region of Bohemia, now part of the Czech Republic. (For those unfamiliar with Christian genealogy: St J was supposedly Mary's father.) For many centuries, "St Joachim's Valley" has been a hub of silver mining, giving its name to the minted "Joachimsthaler", shortened to "Thaler" and, later still, spelled the way it was pronounced: "Dollar".

Impurities in those silver veins were found to be useless, and the miners cursed mischievous gnomes, known in German lore as "Kobold", for putting the hex on their lovely silver mines. Another "useless" by-product was thought to be injected by another tribe of dwarves, the "Nickels".

If anybody saw the breakout earlier this week and acted on it: Well done and good luck!
I did not, and I feel hexed by Kobolds and Nickels. (But I won't chase past 30c either.)

BMT n 09-02-17.png
 

pixel

DIY Trader
Joined
Feb 3, 2010
Posts
5,359
Reactions
329
the obvious: pump. dump
The background seems rather sound though, so I'll wait till the exuberance has cleared. Then I might spend a few quid on spec of a slower, more sustainable rise.

BMT am 10-02-17.png
 

pixel

DIY Trader
Joined
Feb 3, 2010
Posts
5,359
Reactions
329
Then I might spend a few quid on spec of a slower, more sustainable rise.
oh well, if the Mountain doesn't want to come to the Prophet, he'll have to drag the old bones up the Mountain :xyxthumbs Stop 28, 1st target 34

BMT pm 23-02-17.png
 

pixel

DIY Trader
Joined
Feb 3, 2010
Posts
5,359
Reactions
329
rising off support
I'm on board - caught the break just in time

BMT pm 12-04-17.png
 

greggles

I'll be back!
Joined
Jul 28, 2004
Posts
2,700
Reactions
1,753
Some good news at last for BMT.

Berkut Minerals announced this morning that it has entered into a binding Heads of Agreements with various parties to acquire a 323km2 ground position including the historical high grade Tick Hill Gold Project, located in the Mt Isa region of Queensland.

The acquisition includes a 100% interest in the Tick Hill granted mining leases (4km2) and an 82.5% and up to 100% interest in the broader 319km2 exploration tenements.

Tick Hill was one of Australia's highest grade and most profitable gold mines, producing 511,000oz at 22.5g/t gold to a depth of only 235m from 1991 until 1995 under the ownership of MIM Holdings Ltd. Tick Hill has been largely unexplored over past 20 years and this will be the first time since 1995 that the package has been amalgamated.

screenshot-stocknessmonster.com-2019.03.12-13-18-05.png


BMT up 39.2% to 11c so far today with an intraday high of 12.5c.

big.chart-BMT.gif
 
Joined
Aug 17, 2006
Posts
4,252
Reactions
2,872
Some good news at last for BMT.

That is good news ……. A lot of Gold to be found around Tick Hill with modern technology you'd expect and it only cost them 20+ million shares … so less than $2 million ….. plus up to $5 million in total production royalties ….

Looks like a steal especially since they have 22,000 ounces of gold lying around in the tailings dam ready to be loaded.
 

greggles

I'll be back!
Joined
Jul 28, 2004
Posts
2,700
Reactions
1,753
Looks like a steal especially since they have 22,000 ounces of gold lying around in the tailings dam ready to be loaded.

The market also thinks it's a great acquisition. When I posted yesterday BMT was 11c, today it's at 15c. On Tuesday it closed at 7.9c. It's almost doubled in two days.

Even at current prices its market cap is only around $8 million. Plenty of room for further growth. If it doubles again in price it will still only be a $16 million company.
 
Joined
Aug 17, 2006
Posts
4,252
Reactions
2,872
. It's almost doubled in two days.

Plenty of room for further growth.

Absolutely Greg …… Hats off to BMT management for swinging the deal and turning the Company around. Don't hold but those that do will be feeling pretty chuffed at the moment.
 

System

Administrator
Joined
Jun 27, 2010
Posts
3,170
Reactions
81
On May 13th, 2019, Berkut Minerals Limited (BMT) changed its name and ASX code to Carnaby Resources Limited (CNB).
 
Joined
Mar 31, 2017
Posts
219
Reactions
166
Anyone else on this train? The recent SPP was oversubscribed at 30c, so the BOD doubled the amount taken in and still had to issue refunds.

I got in around 18c and took part in said SPP, getting around 75% of what I requested. I am mighty impressed with the price performance!
 
Top