... it's a big blue watery road ...
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About a year ago, this is how a huge rally to $0.10 was starting... Up-listing to NASDAQ or NYSE was not even in the cards back then and BMIX has acquired additional lithium prospects since then as well.
BMIX
85's are up. People will have to smack the ask if they want to get in - NO CONVERTIBLES, NO DILUTION, and now, in anticipation of the NASDAQ up-listing, NOBODY IS SELLING either.
BMIX
BMIX is going to NASDAQ - underwritten by EF Hutson Investment Bank.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167698773
BMIX
BMIX is going to NASDAQ - underwritten by EF Hutson Investment Bank.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167698773
BMIX
$BMIX is going to NASDAQ - underwritten by EF Hutson Investment Bank.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167698773
BMIX
81 x 87... 15% up in first 45 minutes. NASDAQ up-listing news are seeping in...
BMIX
BMIX is going to NASDAQ - underwritten by EF Hutson Investment Bank. Please read my S-1 filing summary below from 12/28/22:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
BMIX has NO convertible notes and NO DEBT of any kind since May 2021. Please see the news release below:
https://finance.yahoo.com/news/brazil-minerals-extinguishes-last-convertible-122400532.html
What will happen is that immediately after the up-listing R/S (as in the next trading day), we will have a debt-free lithium company with up to $17,000,000 cash in the bank raised from the IPO trading on NASDAQ or NYSE at a laughable market cap of $23M-$28M… At this point, it will be on the radars of real institutional players as well due to EF Hutton curating their up-listing process… If one thinks that they somehow will be able to get shares CHEAPER once this happens rather than now, when the fear and lack of understanding of what is happening is abound, please be my guest ;)
Once on NASDAQ, institutional investors will drive this to at least $300MM market cap, over 10 times multiplier from today's valuation.
BMIX
Alternatively, "educated investors" will see the breadth of the company assets, potentially a bankable lithium feasibility study released by then, after which they will look at the comps within the sector, and within Brazil mining industry specifically, and realize that BMIX is undervalued by a factor of 10-20 when compared to peers with similar potential. Once on NASDAQ, a well-deserved re-evaluation of the company will take place. There are no convertibles or debt to cause downward pressure on the price and there will be up to $17,000,000 cash on their books raised during the up-listing IPO with no dilutory effects for at least 6 months after up-listing. This is a perfect storm for a multi-bagger run.
BMIX
As of May 2021, "Brazil Minerals Extinguishes Its Last Convertible Note and Now Has Zero Outstanding Investor Debt of Any Type"
https://finance.yahoo.com/news/brazil-minerals-extinguishes-last-convertible-122400532.html
BMIX
It will be weeks to months, correct. But if one is planning to get BMIX shares, the time to buy would be NOW, not when NASDAQ application has been approved and the company has finished their up-listing IPO - at that juncture, peeps will be chasing.
BMIX
80's are up! Get your shares before BMIX becomes a debt-free NASDAQ lithium company ;)
BMIX
The newcomers to the board should check out my summary of the S-1 filing below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
BMIX
What will happen is that immediately after the R/S (as in the next trading day), we will have a debt-free lithium company with up to $17,000,000 cash in the bank raised from the IPO trading on NASDAQ or NYSE at a laughable market cap of $23M-$28M… At this point, it will be on the radars of real institutional players as well due to EF Hutton curating their up-listing process… if one thinks that they somehow will be able to get shares CHEAPER once this happens rather than now, when the fear and lack of understanding of what is happening is abound, please be my guest ;)
BMIX
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ underwritten by EF Hutton per S-1 Filing on Friday!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
Sigma Lithium produces ZERO lithium and is located next door to BMIX and is valued at one billion dollars - 43 times BMIX valuation. The argument that a mining company needs to produce to be properly valued is invalid.
BMIX
I thought there was a zero-lololol chance of up-listing? So now they MAY up-list after all but it just won’t matter? Sounds like an upgrade ;)
“have huge accumulated debt” - the company has NO significant outstanding debt on the books. After educating themselves on NASDAQ tiers and criteria and then on S-1 filing steps, one may need to read about the difference in debt vs accumulated operating deficits ;)
What will actually happen is that immediately after the R/S (as in the next trading day), we will have a debt-free lithium company with up to $17,000,000 cash in the bank raised from the IPO trading on NASDAQ or NYSE at a laughable market cap of $23M-$28M… At this point, it will be on the radars of real institutional players as well due to EF Hutton curating their up-listing process… if one thinks that they somehow will be able to get shares CHEAPER once this happens rather than now, when the fear and lack of understanding of what is happening is abound, please be my guest ;)
I am getting all I can BEFORE this happens.
BMIX
Clearly this S-1 has not been accepted by SEC yet and will require review by the SEC before getting accepted, as you may notice many of the numbers are omitted and replaced with dots and will be inserted as final numbers once the SEC approves it and they go forward.
Ripe for a run on Monday based on up-listing news. Has no convertibles whatsoever to kill the run. Also ran 100x back in January 2021. All the pieces are there.
$BMIX going to NASDAQ per S-1 Filing!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ per S-1 Filing!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
$BMIX going to NASDAQ per S-1 Filing!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
Some people do listen and make money, others just lololol instead ;)
BMIX
Recent S-1 filed by BMIX - the parent company of JUPGF.
Read my summary below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
BMIX
Always a pleasure, aqfl! Like you, I have been here for MANY years and kept on averaging down aggressively. Right now, I am energized to the maximum about BMIX prospects in 2022. I think right now, more than ever before, they are approaching the quantum leap situation where raising additional cash from large institutional investors and, simultaneously, going to a large and respectable NASDAQ or NYSE market, will finally provide them with the tools necessary to grow into that billion dollar company that BMIX has always been striving to be.
BMIX
Apparently, EF Hutton, people who do this for a living and who raised literally BILLIONS of dollars in 2021 for their clients via very similar processes, have no idea what they are doing when they are preparing a 150-page filing for BMIX and signing on the dotted line knowing that they will only get paid if the up-listing does happen. Perhaps, in the end, they will wish they had asked an anonymous iHub poster about the basic NASDAQ criteria before they went all-in.
BMIX
A large institution such as EF Hutton would not have agreed to underwrite this if they did not see the basic criteria being met in the end - this is the bottom line. BMIX is going to either NASDAQ or NYSE within weeks to months.
BMIX
Also one may want to educate themselves on different tiers of NASDAQ and the requirement differences associated with them ;)
BMIX
Do you think that maybe, just maaaybe, EF Hutton would do their due diligence on their chances to see this through with BMIX before they would lend their name and time to this up-listing by signing on the dotted line and becoming BMIX underwriter? They are ONLY getting paid if the IPO on NASDAQ or NYSE happens in small % of the money raised, per the filing.
https://en.wikipedia.org/wiki/EF_Hutton
BMIX
THE SUMMARY OF THE BMIX S-1 FILED ON 1/28/22
LINK TO THE FILING
1) They are basically doing an up-listing IPO. They are raising the capital by selling units (shares + warrants) to large/institutional investors.
2) They will up-list under same symbol, BMIX, on either NASDAQ or NYSE after the IPO offering (which will ONLY happen if they DO up-list) and after the R/S to get above $4 per share immediately prior to the up-listing (The only requirement that will be left to meet).
3) They may raise as much as $17,250,000 to use in developing their Lithium and other assets, which would PROPEL THE COMPANY WITH A MARKET CAP OF A MEASLY $23M TO A WHOLE NEW LEVEL. NONE OF THESE SHARES COULD BE SOLD BY THESE LARGE INVESTORS FOR 6 MONTHS (LOCK-UP PERIOD) - SO THERE IS A NO-DILUTION GUARANTEE FROM THIS NASDAQ/NYSE IPO FOR 6 MONTHS (SEE PAGE 6 "LOCK-UP").
4) EF Hutton investment bank is the underwriter of this IPO.
https://en.wikipedia.org/wiki/EF_Hutton
5) BMIX is one of the "largest listed companies by size and breadth in exploration projects for strategic minerals in Brazil, a premier mineral jurisdiction."
6) The company's goal is to become “the Mineral Resources Company for the Green Energy Revolution.”
7) BMIX owns 48.94% of Apollo Resources Corporation, a private company currently primarily focused on the development of its initial iron mine, expected to start operations and revenues in early 2023.
8) BMIX owns 24.56% of Jupiter Gold Corporation, a company focused on the development of gold projects and of a quartzite mine, and whose common shares are quoted on the OTCQB under the symbol “JUPGF”, currently trading at $1 per share. The quartzite mine is expected to start operations and revenues in 2022.
Hehe. 2022 will finally be THE year ;)
BMIX
Because I’m sure your well aware of that almost all penny stocks that RS, fall up to 90% after the RS!
Let’s just wait and see.
BMIX
Yes, this is how R/S works — shares are divided by a 1000 while the price of each is multiplied by a 1000 for a net neutral effect to one’s holdings or overall valuation. Sure, for most penny stocks on OTC this is done to then dilute again and so the price drops afterwards. For the company that is uplisting to NASDAQ or NYSE right after and has absolutely no debt or convertible notes to dilute with, well, the story may just be very different ;)
BMIX
Agreed. The panic sell-off is over and we will now start the climb back up until the NASDAQ/NYSE up-listing news hits, which is when it will really get interesting.
BMIX
Brazil Minerals Adds Graphite Properties and Releases New Website
Belo Horizonte, Brazil--(Newsfile Corp. - January 24, 2022) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "Brazil Minerals"), the Strategic Mineral Resources Company for the Green Energy Revolution, is pleased to announce that its new website is now accessible at www.brazil-minerals.com.
Additionally, Brazil Minerals has recently added to its mineral asset portfolio three exploration rights for graphite totaling approximately 14,507 acres (59 km2) (the "Graphite Properties") in the State of Minas Gerais in Brazil. The Graphite Properties are adjacent to areas known for graphite deposits. Graphite is the most used anode in lithium batteries, benefitting from its high energy and power density. The global need for high-quality, low impurity graphite is generally thought to be directly related to the growth in electric vehicle adoption. With these new areas, Brazil Minerals now has projects and properties in essentially all battery metals - including lithium, rare earths, graphite, nickel, cobalt, and titanium.
Furthermore, the Company has recently appointed Volodymyr Myadzel, PhD, Geol. to Senior Vice-President, Geology. Mr. Myadzel had been a consultant to Brazil Minerals since 2021. Under Regulation S-K 1300, he is a Qualified Person for lithium, iron, and gold, among other minerals. Mr. Myadzel is a geologist with over 23 years of experience acquired in mines and exploration projects in Russia, Ukraine, Guinea, Uruguay, and Brazil. He has expertise in geological modeling, resource estimation, and QA/QC analysis. Additionally, Mr. Myadzel has extensive experience in auditing mineral projects on behalf of investors and/or acquiring companies. He is a principal at VMG Consultoria e Soluções Ltda, a company that has provided geological expertise to large global companies with mines and projects in Brazil. Mr. Myadzel received Bachelor and Master degrees in Geological Engineering and a PhD degree in Geology, all from Kryvyi Rih National University in Ukraine.