apple
- 31 Aug 2004 01:06
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.
goldfinger
- 01 Oct 2004 11:07
- 87 of 196
Up again she goes, not much today though.
cheers GF.
goldfinger
- 01 Oct 2004 22:56
- 88 of 196
Well went into cambrian Mining this morning and now sitting on a rise of 21% in one day. Wish I had got in yesterday, still never mind a rise is a rise.
Bisi slipped back a little not suprisingly on profit taking from an excelent week.
cheers GF.
goldfinger
- 05 Oct 2004 00:16
- 89 of 196
Surely its going to be up tuesday. Late comback monday with more buys than sells, still undervalued.
cheers Gf.
goldfinger
- 05 Oct 2004 10:32
- 90 of 196
Up again guys and it jolly well should be a corker of a little miner.
cheers GF.
apple
- 05 Oct 2004 10:52
- 91 of 196
Soaring Chinese demand drives mining boom
By Jeremy Grant in Chicago
FT.COM Published: October 4 2004 03:00 | Last updated: October 4 2004 03:00
With its 2,400 horsepower engine, 300-tonne weight and bright yellow livery, Caterpillar's new dump truck makes a statement about the mining industry's health that is hard to ignore.
Caterpillar is struggling to fill advance orders for the $2m truck, which was on display in Las Vegas last week at the world's largest mining exposition. That is in spite of production of the 793D not starting until next year.
"We actually ordered 10 of them, but they could only give us five," said Laurie Voyer, general manager of Leighton Contractors, an Australian group.
Mining is booming, driven by China's seemingly insatiable demand for coal, iron ore and other commodities, and the resurgence of US manufacturing.
According to the US National Mining Association, mining is also expected to enjoy a boom year next year, building on this year's record volumes. That has created a bonanza in the mining equipment industry, spurring demand for diggers, excavators, bulldozers and diesel engines.
Clive Deary, mining sales manager for Detroit Diesel, said his company was sold out until March next year. "We had a business plan 12 months ago. We've doubled the numbers since then."
Yet the question remains whether this boom will eventually turn to bust - as so often in the chronically cyclical mining industry. However, many argue that future peaks and troughs - reflective of swings in the supply and demand of commodities - may be less pronounced.
Jim Owens, Caterpillar's chief executive, said: "I think that we are at the early stages of a fairly prolonged global expansion of mining capacity. It is going to have a good run."
Such optimism is based on two factors: a thirst for energy in emerging markets such as China and India that should create sustained demand for iron ore and coal; and consolidation in the mining industry that has created efficient operators better able to weather commodity cycles.
"In five years, South Africa's going to be running out of electricity. China's the same way," said Robert Stenger, chief executive of The Cincinnati Mine Machinery Co, which makes coal cutters and drill bits. "We're good for another 10 years."
Gerald Shaheen, Caterpillar group president in charge of North America and global mining, said: "The mining industry used to be very fractured. We now have 20 mining companies owning 80 per cent of capacity, so we've got a much better shot at rational management of capacity in this industry."
In addition, mining industries in commodity-rich countries once dependent on the health of their region are expanding globally to diversify earnings.
Ernesto Palacios, executive director of Minexport, an advisory group in Chile, said his members were seeking business beyond Latin America. "They are strategically preparing for times when there is little demand."
Yet concerns remain. Rising fuel costs are making contractors worry about the energy efficiency of their equipment.
Another worry is the effect any downturn in China might have in an industry where it now has unprecedented influence.
Furthermore, one large private manufacturer of mining machinery told David Bleustein, a UBS analyst in New York, it was "increasingly concerned about the ability of Chinese manufacturers to duplicate western mining technology".
goldfinger
- 05 Oct 2004 11:54
- 92 of 196
And its now broken through 180p, 2 quid here we come.
cheers GF.
goldfinger
- 06 Oct 2004 00:40
- 93 of 196
Fingers crossed but as usual some will take profits on this little corker.
Remember coking coal set to go up from mid $50s to $80s per tonne 2005, think of the valuation update.
cheers GF.
porky
- 06 Oct 2004 09:42
- 94 of 196
Hi GF.
Sold some holdings in AEN,PET, What a run.
Decided for once to bank some profit and use some to buy back into BISI yesterday.
It`s looking good,so I hope we have a good run today,it seems that anybody with something to dig out of the ground can`t go wrong at the moment.
I like BISI`s property element, put`s it into a different category from the rest of the bunch.
All the best.
JRM
- 06 Oct 2004 10:20
- 95 of 196
Just buy LAS
goldfinger
- 06 Oct 2004 12:06
- 96 of 196
Bisi going great guns again porky. Looks like you have made a wise move.
cheers GF.
goldfinger
- 06 Oct 2004 15:12
- 97 of 196
Moved up a tick from this morning. Still way undervalued if coking coal does go up to $80 dollars a tonne in 2005 and all the idicators point to this.
cheers GF.
bigbobjoylove
- 06 Oct 2004 15:39
- 98 of 196
imo possibly the only miner offering the chance for big gains and if the others carry on at this pace then this has 5 minimum all over it.
goldfinger
- 06 Oct 2004 15:45
- 99 of 196
Certainly agree with you there big bob.
cheers GF.
mickeyskint
- 06 Oct 2004 15:51
- 100 of 196
Do you think the spread will close it's 10p at the moment.
bigbobjoylove
- 06 Oct 2004 15:54
- 101 of 196
you have to accept the spread,its tightly held but this moves alot when it goes north.
goldfinger
- 06 Oct 2004 23:44
- 102 of 196
Do you have a big holding then Bob? LOL.
cheers GF.
goldfinger
- 08 Oct 2004 00:07
- 103 of 196
And finally my favourite share of 'all time'. Get some bought because these are well undervalued.
cheers GF.
goldfinger
- 08 Oct 2004 11:32
- 104 of 196
Good old Mr faithfull is up again, not by much, but its up.
cheers GF.
bigbobjoylove
- 08 Oct 2004 12:12
- 105 of 196
suddenly burst into life as if tipped a few moments ago,broker note out?? nice tight spread now.
goldfinger
- 08 Oct 2004 12:22
- 106 of 196
Up 18p wow, must have been my chart on the Faraj thread on our competitors site that as done it.
cheers GF.