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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

BDI Mining - Starts diamond production; gold exploration in for free

May 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BMG
  • Price:
  • 28p
The chief gripe that investors have with junior mining shares is that many come to the market with no real expectation of producing cashflows for several years and resort to peddling dreams to support secondary fund raisings in order to stay afloat. However, in our view, the ones more likely to succeed are those whose portfolio contains cash cows as well as blue sky assets. BDI Mining, which floated on AIM last September, definitely falls into this latter category, a view backed up by the impressive doubling in the shares from their 14p placing price. BDI is a diversified mining company with two main assets including an alluvial gem diamond project in Cempaka in Indonesia and a gold exploration project on an island c ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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