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.

Here you are Apple results 31/12/2003...............


Direct coal mining is now company's most important activity

Important new coal reserves acquired in 2003

Coal exports started through Richard's Bay Coal Terminal

New coal mining plant and equipment have significantly improved
production volumes

14% increase in value of UK investment property portfolio to 13
million,

Shareholders funds increased by 36% to 11.2 million


and in more detail.....................

Part of the strength of Bisichi Mining is that its mining activities are
underpinned by a strong UK retail property investment portfolio, managed by
London & Associated Properties plc. This portfolio, which is fully let and
produces a rental income in excess of 1 million per year, was valued at 31
December 2003 by independent chartered surveyors at 13 million, an increase of
14% on a like for like basis. The effective management of our property
investment portfolio by London & Associated Properties is well illustrated by
the performance of our investment in the centre of Northampton, which was
acquired in 2002 for 2.65 million and has been valued at 3.25 million as at
31 December 2003. Bisichi Mining also owns, jointly with London & Associated
Properties, Dragon Retail Properties, which has increased its net assets by 27%
to 2.8 m.ENDS.

So in other words we have a business in bisi on the stock exchange at a market cap of circa 13 million but in fact its property assets are worth 13 million plus, if NAV was to be updated how much now?, in other words broadly speaking the COAL MINING BUSINESS IS IN FOR FREE and thats what s pushed the shares up so highly over the last few weeks YIPEE.

cheers GF.

And it gets better Apple from the year end report.................

Turning to our other business interests, Bisichi Mining continues to own 100%
of Mineral Products Limited, which manages a portfolio of equity investments
with a weighting in mineral and natural resource stocks. This portfolio
provides Bisichi Mining with an easily accessible cash reserve.

WAY UNDERVALUED BUSINESS.

cheers GF.

Up she goes again a trully remarkable share. Mind like I say way undervalued.

cheers GF

Excellent. Thanks GF for getting me into this one.

Up 10p plus now chester.

cheers Gf.

See some sellers taking profits, sheer madness in my opinion. Way undervalued and see this rising a lot more.

cheers GF.

Thanks for the info GF.

Looks like I just missed out on a 6% rise this morning.

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.