BGS - Birimian

Discussion in 'Stocks & Derivatives' started by VRS, Mar 19, 2013.

  1. Scyb

    Scyb Member Silver Stacker

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    2 more weeks until JORC announcement and this will be 50c + again
     
  2. Silverstrat

    Silverstrat Member

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    Could be sooner than that Scyb!....any day now.
     
  3. VRS

    VRS Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=l6027mlp0HQ[/youtube]
     
  4. Silverstrat

    Silverstrat Member

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    Music to my ears SRV\VRS.The language used was very encouraging,WW came across as an ok bloke after copping a beating on HC.This will be huge!Best of luck.
     
  5. VRS

    VRS Well-Known Member Silver Stacker

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    ANNOUNCEMENT - MAIDEN JORC @ GOULAMINA:

    "We are very pleased to have 100% ownership of the highest grade lithium resource held by any ASX-listed company today" said Kevin Joyce, CEO.

    15.5 Mt @ 1.48 % Li2O, for 229,000 tonnes of contained Li2O

    VERY worth the wait.... :D :D :D
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    And BGS is down 4% today :rolleyes:
     
  7. kramer

    kramer Member

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    Topped up another 25000 today.

    Glad to have the jorc out. :) onwards and upwards
     
  8. Scyb

    Scyb Member Silver Stacker

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    Yah.... no 50c SP from announcement. Guess more time to accumulate!
     
  9. Scyb

    Scyb Member Silver Stacker

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  10. VRS

    VRS Well-Known Member Silver Stacker

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    Mwahahahahaaaaa!

    SuperNinja did the negotiation, apparently...
     
  11. Scyb

    Scyb Member Silver Stacker

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    Anyone that has shares in this stock should check out the hotcopper threads immediately

    Info about the gold deal...

    [​IMG]
     
  12. silver kook

    silver kook Active Member

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    Lately every time they make an announcement price goes down! Hope this trend reverses tomorrow.
     
  13. ghost rider

    ghost rider Guest

    Bottom=buy only question is where is bottom
     
  14. finicky

    finicky Well-Known Member Silver Stacker

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    Only been following this through the forum commentary which has been a cut above the ramping you get for this kind of stock.
    BGS does seem to have something going for it but it still shares charactersitics with the worst kind of stocks (like PIO)

    That is, it has attracted the fickle money of the crowd whose only aim is to take money off other shareholders. Most do not intend to stick around for any project to reach fruition, make profits and pay dividends. At the very least they want a free carry and you only get that from other shareholders buying higher. Imo that's why the news thunderbolts aren't now setting BGS on fire. There's too much nervous profit taking from the slick crowd and there's too many seeing that profit margin shrink and are selling to stem profit loss.

    Beyond an announcement of a jorc resource the slicksters know there's years of work, capital raising and doubt.
    And anyone who's experienced a few Chinese Memoranda of Understanding, notices of intent, heads of agreement, will treat them as very dubious. Need a contract for money signed. Chinese companies act without good faith to western companies - an MOU is just a free device to plant a foot on an asset that interests them. Costs nothing and they can bide their time and wait for possible weakness in the target company.

    Unless BGS comes up something of immediate dollar substance the price could easily fade to 25c, above which the highest volumes were transacted. Dollar substance obviously does not mean a Jorc resource, but it also doesn't mean MoU with offtake provisions or future possible gold royalties. Its all too far away and maybe.

    BGS weekly
    [imgz=http://forums.silverstackers.com/uploads/1893_big_47.gif][​IMG][/imgz]
     
  15. hussman

    hussman Member

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    Tough day on all my stocks today.

    Collective question, What are your thoughts on BGS at the moment.

    I know people are a big believer in the fundamentals. But yet they keep on declining. Even with what appears to be positive news...

    Very interesting.

    Maybe time to buy in.
     
  16. Scyb

    Scyb Member Silver Stacker

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    Yah definitely a disappointed share holder when the price is the same as 6 months ago when none of the lithium results were out and gold deal not done.

    I will still hold strongly and things should get moving along once we get closer to production.
     
  17. SilverDJ

    SilverDJ Well-Known Member

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    Quite frustrating based on all the news, but I'm not losing on BGS so still happy and holding. Maybe I'll top up so more, but I'm already pretty heavy on BGS.
     
  18. kramer

    kramer Member

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    Comfortable holding this. It will get to production. Dont really care about short term price, im looking a little further down the road. 10000m drilling campaign starts in november and i think we will see a large increase in the world class deposit we have defined so far. I dont have any strong sentiment with regards to the negotiations for the gold. Im happy to see randgold swiss cheese it up at their cost.
     
  19. hussman

    hussman Member

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    Can someone more experienced please inform me on whats going on with BGS? Once it hit its 50c Share price it has dropped and kept on dropping. Seems to be hovering around the 30c mark for the past week or two.
     
  20. VRS

    VRS Well-Known Member Silver Stacker

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    Release Date: 20/12/16 10:22
    Summary: MOU entered into with Chinese Lithium Battery Manufacturer
    Price Sensitive: Yes

    MOU SIGNED WITH CHINESE BATTERY MANUFACTURER

    Birimian Limited (ASX:BGS; "Birimian" and "Company") advises that it has entered into a Memorandum of Understanding (MOU) with a leading Chinese lithium battery manufacturer Far East First New Energy Co ("First Battery").

    Under the terms of the non-binding MoU, both parties have committed to work to establish cooperation with respect to mine development and potential financing, commencing with an offtake for up to the lower of 200,000 tons per annum ("tpa") OR 25% of total annual production of +6% spodumene concentrate.

    First Battery is a subsidiary of Hong Kong listed company Far East Smarter Energy Co Ltd (capitalised at over 18 billion RMB ~ AUD3.6 billion). The company employs over 3000 people, making lithium batteries for applications from power tools and electronics to large energy storage systems and electric vehicle lithium ion batteries.
     

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