Brazil Minerals, Inc. (BMIX)
Brazil Minerals was up sharply in early trading.
Up 28% on volume already over most of its averages. Let’s see why!
After a strong sell-off in late may and early June, the company issued this press release: Brazil Minerals, Inc.’s Duas Barras Diamond Mine Increases Sales of Rough Gems 155% Quarter to Quarter. With that we have seen a slow increase in price. The company has show additional changes that make it a great come-back story. Some of those changes since the sell-off includes the addition of Luis Mauricio Ferraiuoli de Azevedo to its Board of Advisors and the addition of Paulo Roberto Amorim dos Santos Lima to its management team. You can read recent releases that show these are great people to have associated with the company. Paulo Amorium has 40 years experience and has authored two mining books.
We see the company as communicating regularly and diligently. A strong recovery could happen.