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


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!

Print Friendly, PDF & Email
Sharing is Caring:
0 0 vote
Article Rating
Notify of
Newest Most Voted
Inline Feedbacks
View all comments
3 years ago

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

3 years ago

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

3 years ago

Thanks for the heads up on GGI.

3 years ago

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