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I wonder if it is MM's in total who are messing with things? Here's why. There are cycles, and there are chart patterns. A pro chart reader will pick up on nuances and play heavily accordingly. Most people do not recognize chart patterns and even less know anything about cycles. I have been saying that the cycle is not yet upon us in earnest. Thus you will have fits and starts just like we have here in BMIX.
When the cycle hits heavy and the commercials that will be on tv are about the 21 year old kid that bought a yacht with his stock winnings, or remember the oldy but goody commercial "money out the wazoo"? Lol look that one up. My point is there is no evidence that the "news" is real about the need for lithium and God only knows that there is no major public cry for gold. A lot of stuff is happening behind the scenes but that does not translate to a popping stock price. Truth be told, SELL THE NEWS.
I admit that it is frustrating playing against the MM's and big money. Soooo, why do it?
I wish the best.
Peace
If we close in the lower half of the days trades, then the pattern is in play. We will go to .02. I think that would be a good thing. There is plenty of euphoria in this group. If it cools off we can have another run. It behooves a person to be a trader rather than a whisher I mean a holder.
Just keeping it real. I wish all the best.
Peace
Target....
.02.
Low tight flag.
Cant deny it.
I will start to nibble at .02
Peace
Very nice looking chart. Thanks for the heads up. Truly appreciate it.
I am a scalper at heart. I do not fall in love with anything stock. I do believe in two. One is BMIX. I am not one to tie up funds by holding. However, to answer your very pointed and sincere question, lol, I am thinking yes. I am forever grateful that I sold my shares on the way up. It was the right thing for me to do and I sold at the top thank the good Lord. But...
I am ok to park a few more k here. The chart looks ugly to me. It is forming a dead cat bounce AND a low tight flag. This is not good. Also, I sell the news. I buy the chart. And the news is pronounced at the moment. So it is difficult for me to jump in with both feet. I do suspect we go lower but as the tight flag continues to rise, if you looked up what a tight flag is, the retracement also rises so the drop is not so dramatic. The industry group "mining:metals ore" in investors business daily is still top ten. It rose to first spot the other day. That is generally exuberance where I tend to sell. But we are also in the "alternative power" group which is number 1!!! What is a guy to do? Maybe I over evaluate...NOT.
Long way around saying, at some point maybe next week I will park a few k in BMIX.
Good morning. I agree with you. And that is why I have been limiting my enthusiasm here. But you are missing one point. That is, they are not a miner. They are an exploration company. It is a general rule that what is shallow may also be deep. Also other areas close to our mines have breached the water area (I am not up on the lingo I think it is called the water table) and they are finding lots of good stuff. The fact is that BMIx owns the rights to the minerals no matter how shallow or how deep.
I can see how others are pissed off at the company for reverse splitting and increasing shares. The other fact is that when there is no high demand for minerals, a company has to do what it must to survive. And, something that I am at least an armchair pro at is recognizing cycles. The commodity cycle is just beginning. Mind you, it takes sometimes decades for the cycle to come back around. I have stated that we are at the very beginning of the cycle in commodities. I have been waiting for 12 years for this. BMIX is lucky to have made it here. If you look back at 2008 some of these little pieces of crap were trading for 1000! Not that BMIX will, just it happened. A side note, take a look at bank stocks.
The fact is, you can buy the shittiest little junior miner and become a millionaire or multimillionaire. The updraft in these little dudes becomes unreal. The Lyft driver and the barber and the candlestick maker become professional investors overnight and will tell you about their investments. That is where the end of the cycle begins. The people who have no business buying into these stocks will buy in at any price. Euphoria takes over and then come the "blow-offs". It would be advisable to look that one up. It will save you from buying at the wrong time and also more importantly from selling at the wrong time. We are are at the very beginning. The VERY BEGINNING. BMIX has a lot of bling and will definitely be attractive. It already is. I think I am changing my mind about holding BMIX. I am beginning to think that there are compelling reasons to buy and hold at least a nice size pocket.
Have I changed your mind a little? Not trying to compel you to do anything. Just making some points. I am open to opposing view points.
Peace
Two good things about Brazil Miinerals. Today's technology can dig way deeper than in the past when the Brazil mines were actually mined, potentially netting BMIX a larger scope and attractiveness. And second we actually have proved minerals needed in future creation of "things".
One potential negative thing about BMIX is that it takes about 10 years from putting the first drill bit into the ground to becoming a producing mine. I am going to guess that this may also be a positive. Actually as I type this I think it may be a very positive. If it takes ten years to become a producer then maybe producers will purchase or lease land now for the known future needs.
Hmmmmm.
Peace
Thank you for the response. I see your point and you are succinct. I hope I do not offend anyone but I am going to stake the claim that until the entire sector or better yet the exact industry group will take off, BMIX will only be a short term or swing trade. The tax consequence, depending upon your purchase price becomes negligible. The thing is, the inter market play between junior mining stocks and the rest of the markets dictates that the junior miners will not take off in earnest until some time in the future. And if history is our guide, that will be a while.
The only caveat is that we are an exploration company and not a miner. This opens a door to becoming a play directly parallel to the commodities under the ground. Lithium is for sure going to continue to be his high demand but if you look at every indicator, it is going to take YEARS for the price to spike beyond todays price and then to hold or continue higher.
I was glad to take my long term cap gain this year as I have bought and held from .0007. I was parking money knowing that it would take some time to produce a profit. Little did I know.
So scalping BMIX and many other tickers has made up plenty for any tax consequence.
I hope this helps and encourages others to become scalpers on this board. It is the freedom that we live in. Scalping is an honorable and highly profitable living.
Peace
Back to what I was saying. I would love to see this ticker open up at a dollar one day. That is why I buy at the close. I always buy a few hundred thousand shares every night. That way, at the open I will be in but also will have the freedom to sell the position and use the money elsewhere if the volume is light and the ticker is up. If the volume is heavy and the ticker is up then I am in for the ride and can add to the position. If the volume is heavy or light and the ticker is down then I have me another cup of coffee because, you see, I BELIEVE IN THIS TICKER. I am and have been playing it smart and scalping until the major move IN THE ENTIRE INDUSTRY occurs which I am expecting.
So full disclosure I have made more than 100k already off this ticker in only two weeks. I admit it is my biggest score off a single stock in such a short period of time. I know others have done the same. It is not too late. Buy at the close and sell at the open if the volume is light. Hold If volume is heavy until you know for sure that other stocks in the industry group are also rising hard. That will be the sign to buy in with abandon.
I truly hope this helps others. To invest only one way is amateur and I know you, everyone here is not an amateur. Lol, I think I said that correctly.
Peace
I hope folks are buying at the close and selling at the open. Just like the rest off the smart money who are secretly, quietly, and undetected and they are buying the hell out of this ticker...not.
I am sorry to poke fun but it is a fantastic notion to think that this symbol will go to .50 in this entire year.
There are game changing occurrences in the space but not that compelling.
Love making big money every morning. Thank you.
Peace
Take the cob webs out of your eyes and look at the chart. Study it. Look up what a "high tight flag" or high tight pennant looks like and what move to expect after the formation breaks. The exact same move is expected in a low tight flag only to the downside. This is an ominous formation. The expression of love to BMIX should be tampered greatly after doing this exercise. If I never bought in to this stock and I did not know anything about the company, and you showed me the chart I would expect to short it.
Over the next few days the low pattern will form. That does not mean it is the end of the road for BMIX. We could reverse and go higher but the odds are that we continue the downtrend. Some call this a dead cat bounce.
I like the company just not yet. The euphoria over these symbols will die down and THAT is when you should begin to only start to take a position. I have been wrong in the past but I do not think I am wrong on this one. If you "slap the ask" every single day all day as some say they are doing, it will not move this stock and you will potentially be throwing away money.
No one is secretly or quietly moving into this stock. Everything is in the open. The industry group has great potential and will be a huge winner some day but not now. Not yet.
Best of luck to all.
Peace
Today is going to be a lesson to those who think they can buy an OTC stock and it will run up to .50 from .0004 in a matter of a few days. All the over exuberance in the junior miners has killed the rally for now. The exuberance is not just here on the site but the entire world was buying into the juniors and this is what happens. The smart money leaves the retail buyer holding the bag. Trust me on this one, there will be no rally in this stock or this group for a while no matter what the fundamentals are. No matter how many "millys" are bought on level 2. It, the rally is over for a while.
We will rally again but not until there is real pain by holders.
Sorry.
Peace
I own a very small flooring company and I have 36 years in the business and I am a certified inspector. I got my certification from the guy in portland about 15 years ago after being tired of dumbass inspectors who have no business inspecting jobs kept lying to shaw and mowhak when the problem with the fabric is no elasticity or if the freaking yarns melted even at a setting of 2.5 on the iron at the seam. I hope you are not one of those ignorant inspectors.
Anyway, your synopsis is fine if you are investing in a stock market where fundamentals matter. They do NOT matter here and there is no way to match fundamentals with a stock price.
Have fun with that.
If the industry group is strong, if the market is on an uptrend, if the volume in your ticker is heavy, then buy and scalp. Period.
And by the way, after starting Lowes installed sales division many years ago, after being a Milliken service provider and traveling the entire U.S. installing for them, after working as a Masland, Armstrong and Tarket as a repair/replacement company I never heard of you.
I hope this helps,
Peace
Wow. Sometimes shit just makes no sense. A January 4 post on Yahoo is a reason to get into a stock? I really hate to see people losing money. I am being real. BMI X can float between point oh 00009 and $0.02 for the next 5 years before anything occurs in this industry or to this stock that will change things dramatically. I would not do a single thing in this ticker symbol except scalp it. If tomorrow there is a huge amount of volume on the open, if the NASDAQ is rising, if other stocks in the industry group are rising dramatically on heavy volume, buy this stock and trade it in and out.
Hype me baby! Hype hype hype me! I cant wait to buy in to hype! Wow, for gods sake take a breath. We are NOT going to 3.00. Not any time soon. Maybe a few years from now. What are you going to do sit in this thing and wait?
So many hypsters have been wrong over and over again and then they bash the one who laughs, and rightly so at 7 billion dollar valuation. I admit that there is something here to buy into. But not now. To hold a million shares if you bought in at .0007 or even up to .005 is a good idea. But to buy in now when we are retracing a spike to .10 is a ridiculous endeavor. So many hypsters are POSITIVE that they are right. Does it make sense to capitalize every post and claim every single day that .10, .20 or .50 is going to be the end of the day paint? .50???? REALLY???
And where has Berk gone? So many followed Berk into this ticker and now? The last two posts I read from Berk on this board agree with me, at least that there is only a down draft left here...for quite a while.
I would never equate the fundamentals of a ticker with the price of the stock. The price never ever is the reality. The MMs, like Berk says, the shorts, the big money who can move a stock like they did on Robinhood, THEY are the ones who move a stock. Not a 3 million share buyer. That is, unless you are willing to wait years and sometimes decades for action by the aforementioned.
DIMES DIMES DIMES!!!! Wow, I sold out all three million by the time we got to .093. And I am so damn glad! I do take the time to write this out so that others may take a more measured approach to this ticker. Trust me on this, even if it takes off on Monday, you will have time to jump in. Simply watch the volume. If the volume within the first hour or half hour is unbelievably high and the stock is moving up, then go for the ride. But to sit in this thing overnight when the chart is clearly retracing and shaking out all the weak holders to me, is a scary and losing proposition.
I will lay claim that there are at least three waves in a rally and this is only the first in BMIX. I am watching carefully, and if the three wave theory is present in BMIX you will have PLENTY of time to buy in. We need to go below about .025 before we take off again. .025 is a generous spot in a Fibonacci retracement. If we break down below that then we go wayyyyy Wayyyyy down and only the shorts and the MMs will dictate the price.
Well, I appreciate that you allow me to get this off my mind. Meanwhile, scalping the rest of the market has been wonderful. And the huge down days Thursday and Friday were a welcome relief so I was able to do other things rather than trade.
All this is just my opinion. But I was actually able to make tens of thousands in BMIX over the past 10 trading days. I loved it.
Peace
Yes nice video. I suppose in the far future it will be helpful. But the fact is that the industry group is becoming out of favor. Look up "disintermediation". This is mostly why there has been a bump in lithium stocks across the board. The thing is, no one, including myself and that guy in the video are experts in this field. The valuation of BMIX at the moment is a complete gift. Take it.
In order for BMIX and other junior mining and exploration companies to rally past the shorts is for buying to come in from all sides and completely overwhelm the MMs and the shorts. Then and only then will they lose control. I blame the smart money who are long term buyers and holders for this drop off in interest in stocks like BMIX as well as the attendees here on this site. Our excitement, my excitement over BMIX has been because of tid bits of information and hype. The real meat, the real truth is not in a video by that guy or even my own post. The smartest people in the mining industry are PREPARING for a long rally in the group. It is coming. Just not yet. Disintermediation has mostly been the reason for the hype in the false shortage of Lithium. I bought in and profited handsomely.
But reality hits. Run for the hills. BMIX is a great one for the watch list. As it drops to a penny and below I will begin to buy and I will accumulate a few million shares as I did before. Then in the next year or two as the real need for lithium begins to hit the airwaves, I will be in for a longer haul.
All just my opinion. I hope it helps and saves some sadness as money drains.
Peace
Sorry man, been doing this a long time. I have had to learn the hard way. Get out while you can. The romance is over...for a while. You can make up any loss by trading other stocks or enjoy your profits.
Just keeping it real.
The entire industry group is cooling off, fast.
Do as you please, I just put my two cents in from time to time. I am not always right. So, best of luck to you. I will buy back in under a penny.
Peace
I hope so. I have a buy order ready to place at .007. Just keeping it real.
Peace
Came back to check in. My opinion is, why fight them? They have the upper hand ALL THE TIME. There is no time that you and I will take them over unless there is an onslaught of buying from every angle. Then ride up for a while. Just my humble opinion.
I love the stock but it is going to take a very very low evaluation in order for the sellers to walk away. In other words, they need to lease out some property at a high price or sell some. I have mentioned a while back that there is no shortage of Lithium to speak of. It is mined every day and there was a rush on it a couple years ago. I do expect a tight market in the future but if that is the only reason someone has to play this ticker I would encourage him or her to think again. It will be a technical play to the long side again. Just not now.
Peace
Not sure you can blame it all on the MMs. The world is full of scalpers. I sold my last 500k at 9.something. BMIX has been wonderful. I am certain a buy back in around .03 is doable.
I had planned on keeping this ticker for the long haul. But there are so many others that are moving. Why be single minded?
Love BMIX just not at the moment.
Peace
I try. Thank you. I am not sure anything I say will hold up in a court of law but I believe I make a little sense. A little more on the cycle if you can stand it. This is not a gold stock according to its trading pattern both volume and price action. Gold stocks are at the bottom of the IBD industry group list. And I mean the very bottom! like 185 out of 197. This group, "mining ore" is number 7 out of 197 industry groups. And the most positive thing about it is that it took months almost a year to go from the last to the 7th. What that means is that over the past year smart money have been buying into this group. And when you look at a year chart you see these symbols taking off like rockets. But if you go back five years the same symbols are JUST NOW reaching a five year high which is EXACTLY what you want to see in a commodity stock. This means that unlike some precious minerals like uranium, stocks in the lithium, copper and iron group for instance have formed these beautiful long term bases and the super big money has taken their position. Now come the mutual funds for a while then come the uber and LYFT drivers giving advice to buy in and that is when the run will be over. Disintermediation definitely is playing a hand in why these stocks are taking off so early in the cycle but the way I see it, it only gives us more time to scalp and play over and over again.
The short term rally over the past year in all these stocks, and I have looked deeply into about thirty of them, the short term rally is because of the disintermediation, and that makes the chart look scary. This is why I think I will continually hold about half million but scalp for the rest.
Peace my friend. I hope your cup runneth over.
I am still positive on this stock but not in the short run. The smart money, not on this site, is not going to pile in at this valuation. Not to say the players here are not smart, it is to say the players here are more scalpers than holders. I admit I sold at .07. I can buy a nice house with my profits over the last three trading days...in cash. I am buying back in big time when the fire dies down a little. I still hold more than half million and will not sell them but sold millions. I hit at the top. I am a lucky man.
As for the cycle, I went back five years and looked at the top ten companies in this industry group by IBD. They are ALL just now breaking out of a five year consolidation. That is why all these little guys are getting sucked up into the vortex. I will buy millions again in a while. This company has a million things going for it that others do not. The end of this run is nowhere in sight. We could run for years. This stock along with many other pieces of crap will fly. Most with broken wings but they will reward the holder....again, if history is our guide. Just keeping it real.
Peace.
One more tidbit of information. During the summer the junior miners made a run to the very top of the Investors Business Daily Industry Group. They went from 193 out of 197 up-to-the-second out of 197 groups. This is an example of what can happen at the correct time. While that bump was short-lived do to disintermediation, when the correct timing in the cycle comes along we will have a longer. Of time where the junior mining companies will make a run. It simply is not time yet. But, it is time to buy. Disintermediation is the cause of the previous run and we are back down two around the last 10 or 20 industry groups that are being purchased. Good luck sorry about the mistakes voice to text but I think you can understand what I am saying
You should do well once the cycle comes alive. I think it may be sooner rather than later only because of the political turmoil which in all reality does not move this type of stock unless it moves it down as people try to raise capital from any and all positions. My hope is that you will be rewarded for holding. I am not sure how long you have been investing or if you watch cycles, but even shit nothing junior ticket symbols have a way of moving up toward the end of a gold mining cycle. We do have an advantage in that we are exploring and holding rights to many different minerals. Actually, this is a very smart move by ceo. And the fact that political leaders are deeply invested here helps exponentially. I am betting on this. I would like a few more shares. If we all hold about 4 million we can exit at .25 or better in months or a few years depending on where juniors are.
Peace
Sounds like someone got in at the wrong time. If you think 2011 was the time to purchase any junior you are sadly mistaken. You are way out of sinc with the cycle. The point is, you can buy just about any piece of crap when the cycle is in your favor. The cycle was long over by 2011. The smartest gold and minor investors sold out by then.
I ask you, do you know how minors survive in off cycle times? They sell shares, they get financing as best they can, most dirty, they stop production, they do reverse splits. This is COMMON in juniors especially.
I ask you, since you bring up the stock price, how many juniors got a bump last summer and fell right back into their lazy trading pattern? Hmmm...how about ALMOST ALL OF THEM? At least BMIX is showing some signs of accumulation. I urge you, before you bash without knowing the facts, I urge you to stay in this one. At the right time exploration companies will be hot. Not yet. It will take a while. But if you accumulate down here in the "trips" you will not regret the onslaught of cash directed at the juniors. There will be so much fiat currency looking for a home it will be completely ridiculous. The influx of cash will CAUSE juniors to become producers and will CAUSE exploration companies to lease out properties at a premium.
I apologize if I disparage your timing. I had to use your statements as the example of what it is like to be out of touch with the mineral cycle.
I wish you the best and I hope you buy the hell out of BMIX so you can get money back and make a fortune and retire.
PEACE
Me too. You bought at the very end of the last cycle. Actually the cycle was over. I hope you have a pile of bmix. It's one of the better that sits on the crap pile. The cool thing is that if we use history as our guide, this is exactly the type of company that will run with the rest. All juniors are in the same pile. Bmix has more to offer than others. And as for a reverse split and all the funding, what the hell are they supposed to do? Looks to me like they are coming out the other side with some success. Another very rare goings on. Best of luck.
Peace
Good morning, I preface this post by saying I am a multi million shareholder. I try to keep my feet on the ground. So I am going to make a statement. There is not the shortage of rare Earths that is being bandied about. The reason why electric cars for instance are not being produced due to a shortage is not a shortage of rare Earths. It is a shortage of semiconductors that China purchases from Taiwan. The semiconductor Company in Taiwan, you can figure the name, has been restricted from doing business with China by the United States. So the plants in China making electric batteries and cars and parts cannot get chips needed to run the equipment.
BMIX will do very well when the time is right. I am hoping it is sooner rather than later. But I am not betting shortage of rare Earths being the catalyst. I am far more in the camp that says the cycle in Gold Mining stocks is yet to come. A few things must occur before that happens. Maybe they have already occurred and it is time. We will see. I am open to any objections to my post.
Are the cosmic Stars lining up for ttcm?
Are the ttcm cosmic stars lining up?
Lol my comment was a rhetorical device. I was referring to US politics and not BMIX. I was using the current political worldwide landscape to emphasize the importance of taking a chance and owning shares in companies like BMIX. Peace
Thanks I hope you keep up the good work of clarification as it is greatly needed!
If I may answer your question, the CEO is saving all the mineral rights until the right time. If history is any guide, this is only the beginning of the cycle in precious metals and minerals. History could be doing a head fake but I do not think so and neither do more than a few dozen professionals, and I do not mean deep state criminals only. Many old timer independents are putting their money where their mouth is. Just listen to a few Kitco podcasts. So who is smart here? Who is right? I suspect the old timer independent investors who have decades and decades of experience with mining and the cycle.
Many are patient. Some say a year or two before shit really hits it. I for one do not want BMIX sold off or even leased at this time. If the share price can get to .30 it will be a miracle in my life. Even at .10 I am going to at least semi retire. But back on topic, why would we sell out now? Things are just now getting heated up. Why spend the money to produce when the system is rewarding us while on our present path?
Is it different this time? I have no clue. I have a hunch and I can easily see for myself that the riots are real, the votes were faked and the Federal Reserve is hitting the send key faster than anything Microsoft puts out needing to be patched. I think the latter point I make effects our price at first. But when inflation is finally recognized by the sheeple, look out. Organic panic!! Thats a huge thing junior minor investor could be looking at in order to be filthy rich. I think a good time to sell will be about 2.62 months after you hear about junior mining stocks from your lyft driver. That should be when the last leg up occurs and BMIX could be in dollar land. A major disruption not withstanding, we have a long way to go. Peace
You are number two. Good one!
Of course I am being facetious. There are some really good posters here who understand the premise. I have to say it, when the price drops, I buy. The future, possibly next week but more likely in a year or two or three, the future possibilities are life changing for a very small investment. I have been buying for the past two years every time we go way down. I hope I never have to buy again!! BMIX!
I think I am the only poster here that understands that Brazil Minerals is not a producer. They are an exploration company with ownership in producers. An exploration company explores for minerals and ties up mineral rights in order to sell or lease the best properties WHEN the time is right. The time is right when the mineral market heats up to a point where actual producers will be willing to pay premiums to exploration company to lease or buy the mineral rights. Why would anyone expect bmix to have an income by producing? They will eventually have an amazing income by leasing or selling their rights. I am open to objections to my post. But to speak against bmix because they are not producing does not make sense. Incorrect premise. Peace
Thank you for the response. You have obviously lived through way more with BMIX that I have. I will encourage anyone in any Junior mining stocks to watch that video. The question I would ask Rick would be since the Advent of disintermediation would he say that we are nearing the end of the move or are we three years in to a ten-year move in the cycle as he stated? I would simply need clarification. Because if we are only 3 years in and the juniors are already catching a bid because of the dissemination of information will the Tailwind continue or will they fall flat for the next 5 years before they catch the real bid that sends them to the stratosphere?
Please use intellect when watching the video. Rick is describing EXACTLY what BMIX is doing and has accomplished and also where we are in the cycle. Watch it again amd after Rick speaks his segment compare what he says to Brazil Minerals. Good luck
It's time for truth. Search the most current Rick Rule interview or follow the link..
Ha ha I appreciate the explanation. I didn't understand the lingo but it looks like many others do. I have been buying here for a couple years based upon the cycle and the trustworthiness of the ceo. Thankfully I hold a few million shares. I thought you were saying something different. Peace
May I ask what the hell that means please?
Yes, you and God almighty are perfection. Best of luck to you