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all the stockholders, y is this board dead. did everyone leave the bulm boat or wat,, and does anyone know wats goin on with the merger, everyday the emxx price seems to tick down. at this price, wats the point of even getting into a merger,
I am planing to vote against the merger at this price level. wats the point of merger if they are buying the whole company for less than its worth. wat do we shareholders get. Bulm would do better on standalone basis.
did anyone talk to the management or anyone,,,if you have do share with us.
.45 of emxx stock + 0.11..thats the agreement so lets see,,
0.45 of 2.50(discounting for the sake of it)=1.125 plus 0.11 =$1.235
so if everything were to go as planned we r still trading below the deal price,,,even after giving emxx share a .10 haircut...
well emxx also looks good n i bet with bulms royalty, they will finally turn some positive revenue n margins,,,,guess i will hold emxx too,,,,
is that volume even for real....? lol had been away for few days n when i check bulm..its like poppin to the sky,,,well aight,,,jus few questiosn to rocket n geodan...
dont you think 0.45 share for one bulm share is low....
may b diff.. of opinion but yeah reference to bulm does help ppl take notice of this stock..n yeah helping other find out this good stock is part of investing too..no matter how good the company might b, it wont go any further if there is no interest .
comeon guys , u been investing longer than me,,,so you should know,,,more interest , better for bulm n yeah ppl who are active here,,would b helpful if u post in yahoo board too often, that board is all negative abt bulm,,,,,
i m still negative n the management silience makes me feel like dumping all the shares i have ...but then sticking with it,,hopefully no matter how frustrating the management r making shareholders,,,they do have a good future,,,,
hey rocket, you said we need some interest, well we all need to talk abt bulm to others,,thats y i wanted u to do the seeking alhpa article. and i hardly notice any mention of bulm anywhere by anyone,,,comeon geodan , woje, rocket,,,u cant jus talk a lot in ihub n expect ppl to notice bulm, how abt u share ur thoughts in yaooo board where most ppl interested in bulm will b looking first.
seriously, most ppl interested in bulm will look at yahoo board n then may be i hub so how abt u guys give some time to yahoo board tooo cos some there say this company is scam,,,which is hard to believe but still creates negative image, so yeah,,,share ur thought on other boards too,,not jus in ihub,,,you talkin all over here is simply to the same ppl who already own this stock......
well i dont understand who would wanna short any otc stocks, let alone bulm. but yeah.. i am buying as much shares as i can around here,,,, n yes everyone, i have a bid at .72....cheers
i dont care for a 57 bagger or a 50 bagger...will be happy if it became a 10 bagger by year end,,,I think they need to do some pr abt enshale. how about they do ipo on enshale,,,there are plenty of companies without any revenue floating their shares, enshale has demonstrated its capabilities and if wat the management said is right then , enshale will be one of the big boys in oil shale sector...
bid @ .70??? lol guess wat i just put in an order at bid .72. still not filled. anyone there selling me some shares at .72 plsss...
gold has been in 1600 range since last quarter so this q will be good. and next report will b their fiscal end report which i bet will be a lot better than last year , just compare the gold price ..simple
someone was sayin this stock is down everytime...l0west i have seen so far is .60 and after that its been up n down,but i think someone is accumlating nicely. you see the stock has gone up on double the volume or on higher volume than average. it went to .82 on avg volume of more than 80k daily but when it comes down it has been doin so on less than half the avg daily volume like 10-18 k ...so you see the difference here,,,,
technical aside, see the fundamentals and the management,,and its worth investing .good luck
aight i had enough of you guys arguing whether to short or not,,,or to buy,,,here's my take
first n foremost, this is a royalty company, get the info st. abt what stock ur buying. enshale is just another project
now shorting this kinda penny stock is most silly thing i ever heard, look at this way. say u r right n it goes down, so how much u make, .67cent even if it goes to zero,,,which will not happen even in ur wild dream, but lets say it pops like before and look at the price spread, you gonna burn ur money real good,,,
aight enough said against ur thoughts . now my thought:
this is a royalty company making on average more than 6 million a year from one single property. the newmont mining is said to b there for 10 more years. imagine gold goes down to 1400 stil they will b gettin more than 5 million a year in royalty. ,doing the present value of their 10 year cash flow willshow that this is very undervalued company. thats based on jus one royalty property.
now they have ibex and pacific gold starting to mine bulm properties. plus enshale n several other properties under development
beside that they have never diluted their stocks even though this is a penny stock, n the management holds majority of stock which they never sold. Instead, for past few months they been constantly buying stocks on open market at price as high as $1.20.
Given all this, y does anyone sell at this price or even talk about shorting this stock. Seriously, if you guys think like that, you are better off putting ur money into saving or cds,,,,
i am negative on my bulm position but i am adding and my average is near recent price , will add more which i been doin every now n then. lets see after few months ,,where we stand,,
happy investing and rocket pls do the seeking alpha article . would aprreciate it a lot,
i think its worth the try. as it is, you already have so much materials. how abt u explain their book value by doin the present value of the newmont royalty. that alone would show this stock is way undervalued.
given ur knowledge, you could expand on pacific gold and ibex plus enshale and other properties, plus the fact that they never diluted their stock.
i know for sure that it will help, so please do an article for all ppls shake. our well wishes will b with u for ur help.
hey rocket,,,been reading a lot of info u had on bulm, and i was deciding to write abt bulm but i think ur more qualified n have a better understanding of bulm. y dont u post an article in seeking alpha, u dont have to pay or anything, jus register with them n u can write the article. lets get some interest in this stock.
its hard to hold seeing those red in my portfolio but guess bulm will turn around n go back to 1.50 range soon,,,lets see this quarter ,,,
rocket thanks for the dd u do,,,please do an article on seeking alpha too...we will support u,,,
BULM at a glance..whats not there to like..
INCOME STATEMENT (YEAR END) Numbers in Millions
year end date 2007/04 2008/04 2009/04 2010/04 2011/04
Revenue (YTD) 1.4 2.7 3.7 5.2 6.3
NI from Total Opr.(YTD) 0.6 0.5 1.7 0.9 2.1
Basic EPS - Total 0.02 0.01 0.04 0.02 0.05
Basic EPS - Normalized 0.02 0.01 0.04 0.02 0.05
basic weighted shares 40.2 40.3 39.9 38.7 39
diluted weighted shares 40.2 40.3 39.9 38.7 39
Return on Stock Equity 32.8 21.6 45 18.5 20.4
Return on Capital Inv. 32.3 21.4 45 18.5 20.4
Buying this ..adding on and on...throw as much dirt as you want..numbers don't lie...
thanks geodan,
I just hope that enshale works out well, hope they get some big players to do a joint venture.
by the way guys keep up the good work, increase the ask ,don't sell at bid b'cos the ask is getting hit everytime, plus there seems to someone accumulating this stock. we have seen daily volume of almost double than last few months. hope the management are buying. if the management can buy at 1.20 y not at these prices.
I have been saying this upcoming quarter will produce a good earning, so i hope the management has some good news along with the good earning, that would keep the share above 1.
I am also thinking of writing an article on seeking alpha, if you guys have good stuff to help, i would appreciate it. Btw, someone before had shown their previous few year earning n other figures, would luv to have that.and also anything regarding other properties and enshale. I do have my stuff, but reading your opinion would help more,
cheers
thanks geodan,
I was pretty sure I heard someone in phone conservation from management mentioned 15000.
sorry for the mistake. 1500 gallons.. is that per day or wat??
and also to clarify, the 15000 number is not all refined oil its, the oil from test plant that has been running for quite some time, its not a per day or month figure,,,but still enshale value needs to be shown to the world
geodan,
I recently talked to the managemnet and they said enshale is still in test mode but so far have produced 15000 barrels. however, this is not the refined oil you can use right away, The management is saying that they are still testing and looking for ways to refine the oil and see how it is in practical use.
I hope some companies do a jv with bulm because oil shale is in big demand and companies are buying the oil shale field right and left for big bucks. lets see if management are exploring the options.
I added some at .68 but still in negative
to the sellers of bulm, you wanna sell ur share then have a good ask price, we will definetly pick it up for you. even if u ask .80 i will pick up, just done sell it at last minute that too in tiny shares ..to throw off people.. and the mm, do ur job right man,,,,
next quarter will sure be positive , just hope that the management does some work to help the share price....
good luck to all bulm-ers in 2012..cheers
geodan
in the january effect article in market watch. http://www.marketwatch.com/story/how-to-play-the-january-effect-2012-01-04?siteid=yhoof2
under urgen.
just read the january effect article, it helps. and I also commented as urgen. Guys vote for the reply, higher the vote more people will notice what i said about bulm. lets get some ppl to bulm.
and yeah stop selling at bid , selling at these prices makes no sense. next quarter will def, be positive since they wrote of so much expenses this last q. plus gold's avg price is still 1500-1600 so cheers n good luck
I like this stock and have been adding slowly, next quarter for sure will b good since they took all the writedown n expenses now. However, the management is pretty quite and some ppl are knowingly pushing the price down. who knows y they wanna do this at this price level but for sure they are doing it. plus the market maker needs to b investigated. y?
well today. when the price was .69 I put in my buy order for .70 and guess what, I get filled at . 68. I never heard this happening anywhere else, I hope the management is over with their christmas n working to increase shareholders value. how can you stay quite for a year about enshale, I hate when managers make too many good promises,,,
well still sticking with this one. even though m down few %...good luck to all the traders,,,
BULM as we all see has been trending down with support around .80s and i been following other stock holders,and everyone is confused as to y its goin down even after all the good numbers,,,let me explain, and hope it helps u all a lil bit,,,
First,,ratios are all good,,,forget BV since the balance sheet doesnt properly reflect the bv,,,I have read their 10-k and I know for matter of fact that they have abt quarter million worth building properties,,,(used for oilshale n so on) and the royalt properties are carried at only about 6m. U kidding me if u take the bv as it is,,,BULM received 6 m royalty..last year alone from one leville property..so u do the math ,,,also their old shale is carried ob BS at abt about 10k...
well for the main reason m here,,,I was wandering too y this stock is goin down and did some reading,,,well as when they raised their stake in enshale,,,the stock went down,,,,and as u all know ,,they just bought dourave ...they gave 5 million share with few added ,,warrants,,,, now the only reason i think this is going down is because dourave ppl are selling their shares,,,,thats it,,thats the only explanation,,,[/i]
Disclosure: I own this stock and been adding,,will add more,,,,to the position,,,good luck