Short Term Trading Weekend Lounge: 7 -9 Apr, page-161

STTCOMP BMG, FA Long

BMG Resources LTD - Diversified Metals and Mining.
SOI: 383,537,112
MC: 4,985,982
SP: 1.3c

With limited shares on offer, ongoing accumulation and the below points she its prime for some action soon...... IMO

Key Points:
-Company now has in excess of $1.4m in available cash.

-The key priority is to secure an advanced investment opportunity with strong potential to generate near term cash-flow and to create value for shareholders

-The Company will continue to manage all costs very closely, and the current directors and management, together with the Transcontinental Group which provides support services to the Company, have agreed to hold all fees (i.e., no charge) until a new investment opportunity is secured.

-BMG has a 30% free carried interest in the Treasure Project in Cyprus. The Treasure Project’s operator, New Cyprus, is responsible for maintaining the project and progressing the exploration program. The Treasure Project includes nine advanced prospects where copper (+Au-Zn-Ag) was mined after 1920 and eleven other prospects where evidence of similar mineralisation is exposed.

GLTAH