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17.5¢ burgundy diamond mines limited

Ann: Quarterly Activities Report, page-26

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B0bthebuild3r

489 Posts.

36

06/11/23

08:06

Post #: 70739320
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Originally posted by thediamondguy: ↑

Mine life extensions seem to be a given but I do not think there will be any concrete data for a while. The board is best in class without a doubt but BDM is the only diamond mining company with shares down almost 50% in last 4 months.

Distribution/sales seems to be their weakness and it will be interesting to see how they overcome the current bear market. Inventory remains high and the QAR does not seem to address this which means the company is exposed to the continued diamond price declines. No other minor diamond mining company holds this much inventory so the strategy is strange.

The long term future is bright if the management does not underestimate the short term economic environment.

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Fair point, but is any other diamony conpany vertically integrated as BDM set out to become?

BDM Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $241.6M

Open	High	Low	Value	Volume
17.0¢	17.5¢	16.5¢	$9.624K	56.75K

Buyers (Bids)

No.	Vol.	Price($)
8	103331	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	182666	3

View Market Depth

No.	Vol.	Price($)
8	103331	0.165
6	191243	0.160
2	132258	0.155
12	1233106	0.150
1	160921	0.145

Price($)	Vol.	No.
0.175	182666	3
0.180	397304	4
0.185	606554	6
0.190	282697	4
0.200	3739	2

Last trade - 11.55am 17/06/2024 (20 minute delay)


Last 17.0¢			Change 0.000 ( 0.23 %)
Open	High		Low	Volume
17.0¢	17.0¢		17.0¢	31064
Last updated 11.55am 17/06/2024 ?

BDM (ASX) Chart