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

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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… add one }
  • JimNo Gravatar August 31, 2017, 4:35 am

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

    • FI FighterNo Gravatar August 31, 2017, 10:26 am

      Jim,

      I added 100k shares last night on the ASX.

      Cheers!

  • MikeNo Gravatar August 31, 2017, 8:53 am

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

    • FI FighterNo Gravatar August 31, 2017, 10:27 am

      Mike,

      Thanks for the kind words! Appreciate all the support.

      All the best!

  • JoshNo Gravatar September 1, 2017, 1:18 pm

    Thanks for the heads up on GGI.

  • NickNo Gravatar September 1, 2017, 8:37 pm

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

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