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17.0¢ burgundy diamond mines limited

Fair point, but is any other diamony conpany vertically...

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B0bthebuild3r

487 Posts.

35

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 17.0¢		Change -0.005(2.86%)		Mkt cap ! $241.6M

Open	High	Low	Value	Volume
17.5¢	17.5¢	17.0¢	$71.88K	412.4K

Buyers (Bids)

No.	Vol.	Price($)
7	442423	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	299852	1

View Market Depth

No.	Vol.	Price($)
7	442423	0.170
3	288181	0.165
2	8240	0.160
2	165000	0.155
2	39992	0.150

Price($)	Vol.	No.
0.175	299852	1
0.180	13043	1
0.195	351932	4
0.200	2128126	4
0.205	10000	1

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 17.0¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
17.0¢	17.5¢		17.0¢	58587
Last updated 15.59pm 06/05/2024 ?

BDM (ASX) Chart

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