BGS - Birimian
- Thread starter VRS
- Start date
Silverstrat
Member
Could be sooner than that Scyb!....any day now.Scyb said:
Silverstrat
Member
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.
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....
"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....
SilverDJ
Well-Known Member
VRS said: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....
And BGS is down 4% today
onwards and upwardsWow watch for a potential re rate tmr morning. The Chinese are in
http://www.afr.com/street-talk/biri...eup-with-chinas-tongdow-group-20161030-gse3y8
http://www.afr.com/street-talk/biri...eup-with-chinas-tongdow-group-20161030-gse3y8
silver kook
Active Member
Lately every time they make an announcement price goes down! Hope this trend reverses tomorrow.
G
ghost rider
Guest
Bottom=buy only question is where is bottom
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]
[/imgz]
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]
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.
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.
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.