Rehash of recent news....

What Is The Buzz Surrounding Brazil Minerals Inc (OTCMKTS:BMIX)?
by Kyle Landeck June 25, 2015Business No Comments 31 views
Brazil Minerals Inc (OTCMKTS:BMIX) reported that it has reduced its Brazilian fixed costs by almost half as the company relocated its Brazilian administration to a new office which is at a distance of fifteen miles from its sand mine, diamond and gold operations.

The objective

Brazil Minerals took the decision to close its Belo Horizonte office so as to facilitate communications and oversight. The office was established before company’s acquisition of mine and was at a distance of almost 300 miles from mine. The new office allows the company to save on both office and labor costs and also reduces the lodging and traveling expenses. As a result, the Brazilian fixed costs have reduced by as much as 50%. IN addition, the new office will encourage easier communication between operational and administrative staff.

The changes

Brazil Minerals’s CEO now directly communicates with the directors accountable for the two business products of the company, gold and diamond, and sand and industrialized sand components. The various other activities like human resources, environmental compliance and mineral rights analysis, have been assigned to expert consultants who report directly to CEO.

The plans

Later in 2015, Brazil Minerals Inc (OTCMKTS:BMIX) intends to add one more executive to its California office. For the reason, it is interviewing candidates that are well-versed in Portuguese and possess advanced degrees. The finalized person will work with the Chief Executive Officer on several areas, such as investor relations. The count of Brazil Minerals’s long-term oriented investors is increasing, and most importantly most of them are based in California.

At this time, the company is mainly and specifically focused on two areas. The first one is to eliminate its variable-rate convertible debt so as to increase shareholders’ confidence. The second objective is to become cash flow positive.

In early morning trade on Thursday, BMIX was trading with gains of over 14% at $0.00080.

Will be interesting to see if the MM's get impatient and sell into the large bid at 7 or if they have decided that 8 is now the new bottom. Quite interesting as these conversions wind down. Only a matter of time before it appreciates rapidly. There is no other $.0008 stock with these fundamentals amd promise. And that is not hyping it one bit! IMHO

I am more than happy with steady share price appreciation at this stage of the game. News about convertible debt being eliminated or substantial progress the on operational side of BMIX's MDB mine will cause our greatly anticipated rapid price appreciation. To me hearing good news about our mining operation is much more important because we know the convertible debt is going to end sometime. IMHO

Seems like the MM's tried to let $BMIX run this morning but there was just no sense of urgency for anyone to buy at 10 after 10's of millions sold yesterday (and 100's of millions last several days) at 6-7. Will need news or lack of selling over time for this to climb back up that quickly. There was just no buying volume this morning. Just need to be patient and our time will come. (Nice seeing that bid support building at 7) IMHO

Lot of excitement here for such a low-volume morning! Will be interesting to see how it plays out but I think the cheap shares at 6-7 are gone forever. They might be finishing out the dilution at a slower pace while allowing the price to rise at the same time. IMHO

Great DD! Perfect for the new eyes showing up here. Also, congrats on your new share purchases this morning! Got things going in the right direction. Now we need to see those 7's build up like the 6's did yesterday! IMHO

I will be the first to admit that $BMIX made some definite missteps in 2014 and into 2015. But I believe they have taken the necessary steps to correct them and will be stronger than ever this last half of 2015. They are now mining gravel that isn't underwater, running the processing plant in 2 shifts, and also selling sand as a bonus. Soon there will be no more convertible debt on their books. This "perfect storm" of operational issues is why we can temporarily buy $BMIX for $.0007 rather than $.07. IMHO

View BMIX's 100% owned $10,000,000 mining operation here....

"The MDB plant was originally built by then Toronto Stock Exchange Venture -listed Vaaldiam Resources Ltd. (“Vaaldiam”) in 2006-2007 at a cost of approximately $2.5 million. To the best of BMIX’s knowledge, the diamond and gold processing plant at Duas Barras is the largest alluvial recovery plant of its kind in Latin America. Additionally, Vaaldiam spent $3.6 million to acquire the minerals rights for the property, and an estimated $2.0 million for detailed drilling and technical studies leading to the NI 43-101 geological report and bankable feasibility of the property, as well as an estimated $2.0 million for removal of overgrowth on the property. Therefore, the total cost of development of MDB by Vaaldiam is estimated at $10 million."

"Through MDB, Brazil Minerals has been producing and selling diamonds and gold since 2013 when it recorded $792,000 in revenue. We believe that the Company is on track to roughly match that figure this year and potentially double its revenue in 2015. As the Company executes its strategy, the $5M in sales mark is possible in the coming years."

Quotes taken from Goldman Small Cap Reasearch report dated 9-16-2014

At this extremely low entry level, we truly have a one-of-a-kind winner here! IMHO

Perfect morning of trading thus far! Should be getting close to end of convertible debt. High early volume should bring us some extra attention. Once they are here they will find a operational mining company that could mine over $2,000,000 in diamonds and gold this year with only a market cap of $700,000. And a CEO and BOD that look like they belong on a Fortune 500 company. And they accept payment for their services in common stock of $BMIX. So we know they have great incentive to increase the share price that has temporarily fallen to a rock bottom price because of their unwise use of convertible debt. IMHO

37.5M in bid support! How long can BMAK resist? Or will anxious bidders start slapping the ask again? This baby is getting ready to blow! The end of cheap convert shares is coming to and end! IMHO

That is truly the way to make money here on the OTC and there is absolutly no better example than $BMIX. Well stated, my friend! IMHO

I think this morning's action solidifies the fact that 6's will be the absolute bottom here. Those that wanted 5's, like our chatty new board friend, will probably have to settle for 6's or 7's. I think we might see one of the last big dumps today into this growing bid at 6. It will be nice to see these conversions finally coming to an end. Then once the SP shoots out of the trips this board will see plenty of activity! IMHO

Just came across this old post of yours. Your insight was spot on!! Congratulations and thanks for all your contributions to this board! I have learned much! IMHO


i.t.m.d. Member Level Wednesday, 03/04/15 10:34:16 PM
Re: None
Post # of 7262
Current Status of Floorless Conversions


As of February 20, 2015, there were issued and outstanding 240,374,031 shares of Common Stock and one share of Preferred Stock.

http://ih.advfn.com/p.php?pid=nmona&article=65646423


As of March 4, 2015, there were issued and outstanding 267,757,476 shares of Common Stock and one share of Preferred Stock.

http://ih.advfn.com/p.php?pid=nmona&article=65727535


This represents 27,383,445 OS count increase in 8 trading days, or an average of 3.4M shares dumped every trading day.


Three key points here:

1) As the OS keeps growing, the conversions will accelerate because they are capped at a certain set % of the OS per batch.

2) As the PPS keeps dropping, the conversions will accelerate because it will take more shares to represent the same dollar amount at any given lower PPS.

3) Currently, the lenders are converting at $0.0012, which is a 40% discount to the recent low of $0.002. Even if this low does not decrease, the quarter million dollars or so left to convert (See a great post #3238 by SooS416) represents about 208,000,000 shares. At a current conversion rate of 3.4M per trading day, this would take 61 trading days to flush. But it will likely take less, as the conversion batches will grow in size proportionally to the OS. So, about 60 calendar days is a good educated guess here.


Bottom line: it will take about two months from today for the conversions to flush IF the recent low of $0.002 holds. If it doesn't, the OS will grow even faster, and conversions will take even longer.

Just saw your 10.4M T trade. Good intuition!

BMIX puts out a positive update Monday morning and this baby would blow through the rest of the converts! IMHO

I'm thinking that BMAK is getting ready to whack about 2/3rds of those shares sitting on the bid. That would still leave a healthy amount left to build on for next week. Rinse and repeat the cycle. IMHO

Thanks. Kind of a slow and boring afternoon since BMAK left. Maybe we liked having him around..... Just kidding! IMHO

Nice buys today! BMAK left for a break but I think he will probably be back this week. Possibly one more large dump into the 6's before he's done but feeling much more confident that 6 will be the bottom. Would be nice to see BMAK and VFIN gone for good by end of next week.

When this ordeal is over we will in all likelihood be getting some much-desired operational updates on mining progress. Hopefully from hard lessons they learned last year they should be able to double or triple output from 2013. That should be easily obtainable by the fact that they now own 100% of MDB where back in 2013 they only owned 55%. And they were only working single-shifts while now they have stated they are working double-shifts. And they wern't mining/selling sand back then either. So if they could just get back to the same grade of raw gravel to be brought in and processed this could easily be obtained. Of course if they could find gravel to process that had twice the mineral (diamond) concentration, they could increase revenue by 4 to 6 times.

Looking forward to a bright future here with $BMIX! IMHO

You could very well be right but at that time. $.0025 was about rock bottom and I'm pretty sure that they along with most investors thought that would provide a permanent floor for BMIX's share price. They would have done the deal in an attempt to protect their original investment by not having these 100's of millions of shares sold down here in the trips, massively diluting their original share purchases. Kinda like today we all think that 6 is the rock bottom. Just having fun speculating about this. It doesn't really matter one way or the other! IMHO

In reading latest Q's and K, don't you think that the 4 long-term investors that invested in Jan are the same 4 individuals that invested $500,000 in early 2014, I think it was? Not sure of date/year off the top of my head but then they were just referred to 4 private investors now with the new $200,000 deal earlier this year he refers to them as 4 long-term investors. It is my hunch that they might be the same people although I have not asked the company. If that is indeed the case they have already averaged down considerably. IMHO

I'm a machine kind of a guy and I believe the replacement cost would be much higher that 2.5 M. JMHO

This is the reason I bought some more today myself. Every time I look at this expensive machine we own and realize just where it is located, the mineral rights we own surrounding it and the people in charge of maximizing it's potential, I just have to buy a few more shares.... Happens every time for me anyway! IMHO

We own this contraption!

Yes, I think investors might be realizing that 6 is probably the bottom and have figured out that bidding 6 is the way to get them while they are still handing them out. Never know when that last chance might disappear! IMHO

It's definitely going to pop sometime but in the immediate future it seems like we might need more news to get through those growing pile of 7's. Nice to see the bid support increasing back up somewhat. I also think they could let it breath and finish out their work at a lttle higher price level. Never thought this quality of a company would have their share price go this low. IMHO

VFIN finished for now, at least. IMHO

Yes, it appears that they work together. IMHO

I was watching L2 during that "Bid Dump". It didn't actually look like a sell into the bids as they did not change. (Stayed at 29.2 M) It seemed like VFIN sold directly to CDEL and NITE as suddenly they had more to sell at 7 and at the same time VFIN dropped to 7. Seems like they get to pick up the dumps at 6 and flip them for the 16.7% profit at 7. IMHO

Some nice ask buying everyone! Added a few more 7's myself as it looked like they might disappear! Curious if any of you might have snagged some of those 8M that sold at 6? I didn't but I did have a partial fill right away this morning at 6. Curious if they were actual sales to retail. Anyway, $BMIX looks ready to break out anytime now. IMHO

"At this time, BMIX is specifically and primarily focused on two items: i) elimination of its variable-rate floorless convertible debt, and ii) becoming cash flow positive. The news announced today brings cash flow positivity closer."

And it definitely brought us a step closer to the first of the two items also. Will be nice when it is finally achieved! IMHO

Nice! Thanks for the support! You might just get those 6's soon with BMAK and VFIN slugging it out with each other at 7. JMHO

Exactly! That is why I added to my already considerable holdings today at 7. Like you say, in a matter of weeks/months it will not matter at the exact price we paid down here. The number of shares we hold will be much more important when $BMIX price rises above .005 and those 4 PI's start exercising their .005 warrants. Good luck to us all! IMHO

It is always interesting watching a stock you are strongly invested in enter the last phase of the conversion selling. I happen to believe that 6 was the bottom for $BMIX and will probably never be reached again. I think (just a wild guess really) that future "dumpages" will be limited to 7. But you may be right and good luck on getting those 6's! (As I glance at action now looks like my theory is being severely tested! LOL) IMHO

I noticed that (VFIN) too. One would think that if he really wanted to sell he could have dumped into that decent 7 bid. Or maybe he just showed up to try to scare some sellers into the friendly hands of someone loading at 7? Makes one wonder sometimes...JMHO

This news will probably not skyrocket $BMIX but I think will help solidify 6 as the bottom as we churn thru the remaining converts. When they are about gone is probably when we will get the good operational news that will propel us towards a penny and beyond! I like how our CEO thinks as he recovers from some mis-steps from last year. IMHO

Nice news! Smart move by CEO. Hopefully we will see BMAK off 7 today. IMHO

Sorry to hear that you did not pick up any 6's. The order of filling bids is one thing that I do not understand completely. It is supposed to be, I thought, the order they arrive but sometimes it seems to have more to do with who your MM is. The initiating MM seems to try to fill in-house first, from what I notice sometimes. Anyway, soon I hope we can talk about ask slapping rather than bid sitting! JMHO

I was the somewhat surprised recepient of a portion of those 6's but I promise you will not see them on the ask anytime soon! IMHO

Thanks for running such a great board here everyone! This is one of the best I have ever read. The professionalism and sharing of information & thoughts are greatly appreciated!

I say I am waiting patiently for the share price of $BMIX to return to it's proper level but I might be kidding a bit. But our time will come. Not kidding about that! Everyone have a great weekend! IMHO

Top reasons I'm invested in $BMIX

- I like the CEO's pedigree
- I like that the CEO has "skin in the game"
- I like that they are actually "mining" a proven resource
- I like that BMIX's market cap is so tiny compared to value of assets
- I like that at any time a major gem/mineral discovery could skyrocket $BMIX
- I like that recently 4 investors were willing to loan $200,000 at a fixed floor conversion price of .0025 with warrants at .005
- Lastly, I like that the sole reason that BMIX's share price is so beat up is coming to an end. Dilution will end sooner than later.

Hard to find these same fundamentals in other OTC stocks. Especially one trading at .0007. That is why I can wait patiently for share price to rebalance to a more normal and reasonable level. IMHO

It's like were in a staring contest to see who blinks first. The diluter(s) has a perfect chance to unload into the large bid at 6 while investors might be seeing there last chance to buy at a great price here at 7. After purchasing many at 7 (and 8) the last few days I would like to get some 6's myself but not holding my breath. I do believe those buying 7's here will be very happy in a month or 2! IMHO

All right, fess up! Who is the one-tick flipper using Nite? I guess a $100 profit (before commissions) is better than nothing! LOL IMHO