BOM bondi mining limited

where there is smoke there is the bom

  1. 4,724 Posts.
    As pointed out by macrae, some points of interest for the near future.

    From the Platserach ann. 3rd Nov 2006.

    "DUNMORE AND TOMINGLEY PROJECTS, NSW

    PORPHYRY STYLE COPPER-GOLD TARGETS

    Bondi has agreed to a minimum expenditure of $175,000 within 12 months and before it can withdraw.

    Bondi may earn a 60% interest by spending $1 million within three years. "



    "CYMBRIC VALE PROJECT, NSW

    SULPHIDE NICKEL TARGET

    JOINT VENTURE AGREEMENT WITH BONDI MINING LTD


    Work has already commenced on a ground magnetic survey and Bondi must complete as a minimum commitment a RAB drilling programme costing $50,000 within the first six months."

    Its been almost 5months since that deal, no news from Bondi at all, so at the very least we should get a commencement of drilling ann. on the Cymbric Vale Project and perhaps some survey/drilling timetable on the Dunmore and Promingley Projects.

    Platsearch up 15% friday with some big bids in line on the buy side. JV update just around the corner IMHO.

    Not forgetting this point by macrae earlier:

    "On listing, they stated that "Bondi will also retain about $2.3 million to $2.8 million of the cash reserves to meet corporate and administrative costs and to pursue other investments in the resources and energy sectors."

    My supposition is then that they are quietly sitting on a uranium holding of some significance. They closed two weeks early and were oversubscribed trying desperately to be quiet.

    Maybe something else?

    We'll see. ;)"

    The fuse is burning shorter on the BOM. Time to get blown.........away.

    cheers.
 
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