Birimian Limited – Reinstatement for Trading (August 31, 2017)

by FI Fighter on August 30, 2017

in Lithium, Lithium Updates

Birimian

After nearly four grueling months of being stuck in an agonizingly long trading suspension, which began on May 1, shares of Birimian Limited (BGS.AX/EEYMF) will FINALLY be reinstated for trading later tonight in the states/early morning of August 31 in Australia.

From Birimian Limited.

Birimian has been a top conviction idea of mine for quite some time now…

Not too long ago, the market cap of Birimian Limited mirrored that of hard rock (spodumene) peer Critical Elements (CRE.V/CRECF), which has been another top conviction idea of mine… Also, Altura Mining (AJM.AX/ALTAF) is another reasonable comp I like to use for valuation purposes.

From October 15, 2016

BGS.AX = ~A$60 million market cap
CRE.V = ~C$70 million market cap
AJM.AX = ~A$140 million market cap

Currently defined JORC/NI-43-101 resource for each company…

From August 30, 2017

BGS.AX = ~A$45 million market cap
CRE.V = ~C$245 million market cap
AJM.AX = ~A$270 million market cap

And I’m not even gonna bother showing AVZ Minerals (AVZ.AX) which has shot up like a rocket during BGS’s absence…

The writing is on the wall for a massive re-rating for BGS.AX/EEYMF… It is absolutely necessary, considering how much Birimian’s peer group has run up this year.

 

It’s just a matter of time now…

 

The stage is set for Birimian Limited to rise from the ashes like a golden phoenix.

 

Happy Hunting!

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{ 6 comments… read them below or add one }

1 JimNo Gravatar August 31, 2017 at 4:35 am

Nice pop on the first day of trading today! Are you thinking of adding any more to your position?

Reply

2 FI FighterNo Gravatar August 31, 2017 at 10:26 am

Jim,

I added 100k shares last night on the ASX.

Cheers!

Reply

3 MikeNo Gravatar August 31, 2017 at 8:53 am

Dayam! Big pop last night. Applaud your conviction and analysis on Birimian. Keep fighting J!

Reply

4 FI FighterNo Gravatar August 31, 2017 at 10:27 am

Mike,

Thanks for the kind words! Appreciate all the support.

All the best!

Reply

5 JoshNo Gravatar September 1, 2017 at 1:18 pm

Thanks for the heads up on GGI.

Reply

6 NickNo Gravatar September 1, 2017 at 8:37 pm

I second that. GGI up 30% today, very nice. Thanks!!

Reply

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