Interesting article published in June this year. The World Bank are still waiting for Zambian authorities to give the go ahead to spend $60M USD to clean pollution in Kabwe.
Sounds like it's been in the pipeline for a while now but nothing has been put into action so far. It doesn't sound like the Zambian authorities are very serious about this, despite the obvious health risks for people living nearby. The World Bank would be better off throwing some money to BMR so we can bring production online sooner, and perhaps extend the plant sooner than planned, so that the big clean up can begin.
It also mentions that BMR have pledged over $100,000 to fight environmental pollution. Surely the biggest priority here should be the source of the problem, which is the tailings dumps, get these dumps processed and this should have the biggest impact on reducing pollution.
We are still awaiting ministerial approval for the Star Zinc agreement to complete. It was first announced on 16th August with 60 days to complete, and expendable by another 60 days. That would take us to 14th December if you count the whole 120 days.
They didn't mention a timescale in the last RNS, but I'm sure BMR and Bushbuck would like to complete the transaction within the original timescales. If that's the case I would expect an update next week.
I think we will break 8 before the years out. Does not matter anyway, nobody of any sound sense would sell BMR now. Come Q1/ Q2 its party time. I suspect production may come earlier than expected now AB is homed in. God speed to him.
That is the other method but personally Im holding on to every share and looking to strech myself. Others who are not able could take part of their entitlement. Either way with the billions we are heir to 6p, 7p, 9p will become irrelevant very quickly which is why Im getting them why I can.
The 42 day period starts the day the annual results are announced. According to the broker's note, these are being released in December, which is the same as last year (17th December ). Any day now, basically.
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