Bisichi Mining

What do you think?


Profile click here



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


Thanks to Goldfinger for flagging it up.

Price holding steady. Just been looking to see when they report results and last year they reported at the very end of this month so I would expect more or less the same this time with a rise up to the results.

cheers Gf.

Pity they don't have to do an RNS to announce the date then.

Not sure about that Apple, they migh have to.

cheers GF

No I'm not but they haven't announced it with an RNS & you suggest it is coming.

Other fully listed shares have caught me by surprise by reporting results but NOT announcing the date in advance with an RNS.

This was taken from UK Coals results today............................

"'International coal prices have remained high throughout the period and should
be reflected in higher prices in 2005 and beyond. We therefore continue to
invest in improved production equipment and in accessing new reserves at our
deep mines assisted by the Government's Coal Investment Aid programme.

Good news for Bisi and Anglo and Pacific investors.

cheers GF.

Share price well above short and long term moving average.




cheers GF

Bisichi Mining PLC, the mining investment company, will be announcing its
results for the first six months of 2004 on Monday 13 September 2004.


cheers GF.

ps, apple must have seen us asking about them.

:-)

Not much notice given eh!

Usual for mining companies, dead loss when it comes to PR.

How do you think the price will react given that I am sure we will have cracking results??????????.

cheers GF

Thanks GF for that.

Sideways, they are expected.

Up again this morning. Apple you may be right but these days its a guessing game sometimes with how prices react even after outstanding results.

cheers GF.

I think the useful rise will come some while later, maybe after a long but small drift down. The US election needs to be got out of the way.

May as well buy LAS they've a major shareholding in this company. Almost A bogof!

nice movement today AGAIN.

Yup moving up in anticipation of good results.

cheers Gf.

Looks to be moving in the right direction GF,an unusual mixture this company, but looks very promising.
Keep up the good work GF.
Cheers.

Hi Porky,

thanks for that but we all work hard on here, results in the morning, fingers crossed.

cheers GF.

Had an excellent run on these, decided to take some profits.

Results not as good as expected but there seems to have been an over reaction from MMs marking these down and a few sellers taking profits.

From the Chairmans report and the accounts we can see that it is the the moving of two sections out of the three sections at the mine at Black Wattle that as led to an increase in operating costs of 4.2 million from 3.1 million at this time last year.

A short term kick in the teeth but no reason to panic and I have added this morning on the fall.

Look at the plus points

Coal Prices up 21% and likely to go up even further

Nav per share up from 84.5p to 111.6p

All coal exports are guaranteed to be taken up

Increased production in the second half.

As I speak buyers coming back into the market.


Heres the part of the chairmans report that is relevant.............

Chairman's Review

I am pleased to report that in the 6 months ended 30 June 2004, Bisichi Mining
PLC made a profit on ordinary activities before taxation, depreciation, and
amortisation of 1,043,000 (2003: 1,166,000); this performance was broadly
similar to the equivalent period in 2003 and resulted from the need to move all
three mining sections at the Black Wattle Colliery during the period, two of
which as at the date of this report have been moved. Diluted net assets per
share, including listed shares at market value, increased to 111.6 pence at 30
June 2004, up 32 % from 84.5 pence in the comparable period in 2003.

cheers GF.