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GDO - Gold One International

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RichKid

RichKid

PlanYourTrade > TradeYourPlan
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BMA Gold is a junior approaching major production milestones in the next few months, real work starts in Feb 2006.

I've entered at 26c on an ascending triangle as the recent prices have rejected lower levels on volume, I'm looking for new highs (breakout measurement) as we approach the first processing landmark in late Dec, my view is that people will enter the stock this month to get set for it.

Downside risk is that volume is not ideal although recent vol shows there is activity and recent candle tails means support. Could be a symmetrical triangle if the next high fails lower. Any delays, hiccups, cost rises etc will stuff this up. Upside for gold will help it no doubt- I expect lots of reratings for gold stocks once 500 is hit for pog.
 

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Re: BMO BMA Gold

Just checking out the recent volume spike on 28th October, probably CBA buying up (increased voting power to about 14%), so a guess would be that their analysts are bullish on BMO. I'd really like to see more vol but it's holding up ok so far.
 
Re: BMO BMA Gold

Okay, gold has taken a fall so some downside today, still okay but tomorrow will tell, gold was likely to do this so I shouldn't be suprised but let's see how it pans out. If it holds around current price should be okay, still in uptrend.
 
Re: BMO BMA Gold

Stopped out, still keeping an eye on it. Has stabilised a bit after the recent jump in pog. Looking for new patterns now.
 
Re: BMO - BMA Gold

Hello everyone :aus:

This looks like a great forum for Aussie stocks, I'm glad to join!

I have been looking for a good chart over the weekend and have found BMO.
The short term and long term GMMA have both squeezed considerably with the general consensus from both groups being even. The MACD has formed a positive divergence. The elder ray bear has also proved bears have weakened with one tick up on Friday. Both down trends have been broken and volume has more than tripled over the last three days.

bmo1.gif


FA is quite good too with positive news coming out on Friday.
"The directors of BMA are pleased to announce a further very strong gold intersection over 7m, including a bonanza grade of 214 g/t Au over 3m. Hole THRCD875 recorded 7m @ 93.5 g/t Au, including the 3m @ 214.0 g/t Au within an intensely silicified breccia approximately 175m below the surface.The latest drill hole substantiates this interpretation and adds confidence that a good block of very-high grade mineralization is present."

Have a great week :blaah:
 

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Re: BMO - BMA Gold

YOUNG_TRADER said:
BMO is still my number 1 pick, although as stated stock will trade below 30cents until SPP is out of the way, so revisit it towards late March,

ARX is my number 2 pick, unloved/unappreciated Company backed by ANZ and ABMN Amro
Click to expand...



I have been posting about this one in the Gold Sotcks thread for a few weeks now,

IMO it is the best small/mid cap emerging producer

Shares: 250m
Price: 30c-32c
Mkt Cap: $75m-$80m
Produce: 50,000oz's Au @cash costs of between $250/oz - $280/oz
Margin: (Assuming LT Gold Price $700AUD currently $720+) $400
Estimated Operating Cash Flow: $20m p.a.
Mine Life: 5yrs with expected resource increases to support 10yrs+
Resources: Approx 430,000 oz's


No debt, unhedged


Once further drilling is completed to extend the exisiting resource management plans to ramp up production to 100,000 oz's Au p.a.

Target price: 50cents
Other: Will experience some short term overhang from SPP@28c until end of month


I challenge anyone to find a better Gold company for under $100m
 
Re: BMO - BMA Gold

G'day YOUNG_TRADER ;)

It's always good to hear some positive FA news from someone also interested in this stock. Now all we need is another spike in gold prices to move things along nicely.

Have a great week :)
 
Re: BMO - BMA Gold

Did anyone else get a call from the Company re the SPP?

Very nice of them to check up on us shareholders don't you think, ;)
 
Re: BMO - BMA Gold

GOld is within sneazing range of the $600 US mark,

In AUD terms its above $800,

BMO's SPP is well out of the way, and its 11day Exponetial Moving Avg has finally Crossed above the 30day Expo Moving Avg, indicating the start of an Uptrend.


Don't overlook this emerging Gold Play,
 
Re: BMO - BMA Gold

I see clive maund has just put out a report on BMO I was wondering if anyone has access to this? I believe his reports carry considerable weight so hopefully its positive ....which I believe it will be
cheers
 
Re: BMO - BMA Gold

YOUNG_TRADER said:
IMO it is the best small/mid cap emerging producer

Shares: 250m
Price: 30c-32c
Mkt Cap: $75m-$80m
Produce: 50,000oz's Au @cash costs of between $250/oz - $280/oz
Margin: (Assuming LT Gold Price $700AUD currently $720+) $400
Estimated Operating Cash Flow: $20m p.a.
Mine Life: 5yrs with expected resource increases to support 10yrs+
Resources: Approx 430,000 oz's


No debt, unhedged


Once further drilling is completed to extend the exisiting resource management plans to ramp up production to 100,000 oz's Au p.a.

Target price: 50cents
Other: Will experience some short term overhang from SPP@28c until end of month


I challenge anyone to find a better Gold company for under $100m
Click to expand...


Gold pour should happen very shortly, ie within next 2 weeks,

Gold production will be 50k-60k oz's p.a. ramping up to 100k oz's after stage 1 (6-12months)

Cash costs $290 ish in 2006, falling to $250 for the life of the operations,

@ $250 costs and AUD Gold price near $850 that gives a margin of $600/oz


50K - 60K oz's @ a marign of $600/oz = $30m - $36m p.a. cash margin

With 250m shares = 12c - 14.5c p.a. cash margins,

Looking good, although has been a slow mover since SPP finished, I think this will be a good long termer!

(I hold)
 
Re: BMO - BMA Gold

Most brokers reckon it should be a 50c stock once Gold Pour is achieved, I think it will be a 60c stock after 3 months of gold pour ie July/August

And with heavy exploration drilling to define up further resources should be $1 by the end of the year, thats my thoughts and I stand by them (so long as they can increase reserves, they keep up the excellent head grades and maintain smooth operations and become cash flow positive very soon!), so time will if I'm right
 
Re: BMO - BMA Gold

With a rising gold price, don't overlook this producer with a mkt cap of less than $100m, should be generating huge profits of around $30m or so @ spot rates,

Gold cash costs of around $250 oz with a AUD price close to $850, completely unhedged, has its own mill, has a very low tonneage high grade deposit that needs to be drilled out further to increase resource

The funds won't overlook it for too long ;)
 
Re: BMO - BMA Gold

i have been watching bmo for a while, has broken above .35 resistance today so have bought some porkpie
 
Re: BMO - BMA Gold

I think it will be a bit of a choppy ride until we pass 40c level,

However once passed am confident stock will advance welll to 60c and consolidate thre until Deposit is increased
 
Re: BMO - BMA Gold

I can't believe how poorly this stock has performed in the past few weeks given the rapid gold price increase,

Its just like FXR I bought @ 30c and got tired of it trying to break above 42c so I sold @ 42c and then what happened? It goes all the way to 70c!!!!!!!


Well I'm ot going to do that with BMO, I am in it for the long haul, but just can't believe that it has not yet pushed above 40c!

Until we pass 40c, it will be a very choppy ride!



That being said are there any other fully funded, debt free, unhedged, 50k oz's p.a. + Soon to be gold producers with cash costs of around $250 (which @ current levels = margins of $600 +) ? ? ? ? ? ?
 

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