Gary Middleton on tiptv back on 21/08/14 extolling the virtues of getting invested in BMR asap! (The second load of warrants @1.4p were bought on 20/08/14)
- 2/3 storey high piles of Lead & Zinc tailings - 90 years worth of metal - Producing before the year is out - Producing before the year is out - Producing before the year is out....
Either he was genuinely convinced and has been to Kabwe or he was trying to help shift the shares ASAP
Coincidentally the day of this the SP was 1.85, the days thereafter it went to 2.30 and then crashed and crashed before finally suspending... those warrant 'holders' were able to get out unscathed with a handsome profit.
The Road Ahead: Binani Zinc Limited plans to expand its production capacity to 1,00,000 TPA. The company plans for backward integration into mining and is looking at acquiring strategic stakes in mining operations both in India and abroad. http://binaniindustries.com/our-business-areas/zinc/
How much mining experience as the Advisory Board got? Makes me suspicious when a company wheels out names like this. After 20 yrs in the Balkans, Ascot should own the place - perhaps they do, or have missed something. Aplogises for being cynical but it's a smoke and mirrors job - bit like their heavily trailed DFS.
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