Bisichi Mining

What do you think?


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Bischi = black, Anglo and Pacific = Red, ATH Resources (new float)= Blue.


Thanks to Goldfinger for flagging it up.

Here's some more bullish comment on the price of coking coal:

07.10.04: shares in BHP Billiton and Rio Tinto were higher in afternoon trade as Dresdner Kleinwort Wasserstein said the two blue chip miners remain its top picks in the UK listed mining sector, dealers said. In an upbeat note on the sector, the German broker said it believes the mining sector offers superior earnings growth compared to the market with EPS forecast risk still on the upside. It added it has raised EPS estimates again, principally for the bulk commodities and oil. It now forecasts a 22% increase in iron ore prices and a 60% rise for coking coal in 2005. The broker said it retained a preference for bulk commodities, particularly iron ore and coking coal exposure as these commodities boast the most attractive medium-term fundamentals, and therefore have a stronger case for a higher multiple of peak cycle earnings in 2005.
(from InvestorEase.)

cheers GF.

A 60% rise in coking coal for 2005, just think how that will effect the bottom line at bisi.

I feel forward P/W is circa of 13, but this could be way to high. Certainly time left to get in this one.

cheers GF.

And its up again.

cheers GF.

certainly one of the cheapest miners around that looks like it could have plenty of upside from 200p level.

I agree big bob and up again today. Still much further to go. Forward P/E only 13. Cheap very cheap.

cheers GF.

Gone even further up.

cheers GF.

gf not wanting to spoil ya fun but no need for day 2 day comment re price movement.Relax this should have no problem doubling in quick time from here and it would still be well under market cap of 50 mill.Just top up on the dips proving very successful.

Yup big bob, but I like to keep it in the spotlight so that potential investors dont miss out.

Its a fact that on BBs like this most people just look at the top half of the page, it was proved on a US site. So not trying to be funny just wish to keep it there in the lime light.

AND DONT FORGET THE FORWARD P/E OF ONLY 13.

cheers GF.

ok will bring to top daily,quite like volatility though but too wide a spread to trade.Some major catchin up to do compared toits foreign peers now as well,big chance of a bid here i do believe.

Keep posting I'm in this one now! Hope it continues up.

Nice to have you on board moneyplus.

cheers GF.

ReaDY TO RESUME UPWARD MOMENTUM.

cheers GF.

wow! a good day today. I wish the spread was tighter. I need to off load some dogs before I can top up.

MS

Up to 220p now lets hope this just goes on and on.

cheers GF.

Cracking on again, certainy established itself over 2 now.

cheers GF.

Are we due some news? It is certainly performing well -any guesses on long term price I want to hold this one. Oct is proving a good month for me BISI, ASC, and NLR all going up just need BRY and CBM to stop creeping and start moving!! I like HMY but no funds, hope to join soon. AFE are moving too--thanks for the updates on these GF you're a star!

expect bigger players are weighing this one up how cheap it is in its sector.

Hi MP, bisi is still way undervalued. Hamworthy yes get in and make it quick.

Lets just say it should have floated at 180p a share.

Its obviously derd cheap.

cheers GF.
NB.its amazing how many posters that think It just comes off the top of my head and say a share is cheap.

Beleive me I go through so many filters and research.

goldfinger
just reviewed all the threads on bisichi, i see you have had a huge imput
as usual, those out there that think you are shooting from the hip should
wake up and smell the coffee.
filters and research are the key to making it work, bisi passed my filter
tests early in sept at 1.58 anyone in around that time is sitting on a nice
profit 50% in 6 weeks not bad.
agree still undervalued be nice to see it break through 2.50 for next
support level.

keep up the good work gf.

regards HUSTLER

Hi Hustler thanks for that.

Just been reading that some of the really big coal miners are now starting to be eyed up by the big Chinese steel makers.

Now if you follow that logic on surely the big coal miners here are eyeing up the little coal miners.

Hope that makes sense.

We could at some stage have a bid coming in.

cheers GF.