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Berkeley Mineral Resources Share Chat (BMR)



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Jeremiah99
Posts: 5,364
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Today 15:50
Yes, a bird in the hand - Tweet Tweet! :-p
 
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Today 11:07
Ok, maybe I'd accept £31m and I'd take the 9p per share and run lol.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Today 11:01
So....based on the below, if the Royalty is worth £50m over the LOM (20 years), it really puts things into perspective.

I would not even accept an offer of £10m to sell the Royalty, as it would only value it at less than 3p per share. I would rather have the dividends for 20 years because no offer would ever come close to the £50m+ that it's worth.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Today 10:44
lol yeah I think it's very important to ring-fence the Royalty (when it's been activated) and also keep it for as long as possible (unless an extremely good offer is made to buy it).

For example, if we say it earns us £2.5m per annum (for 10 years minimum), divide that by the number of shares in issue, it makes around 0.75p per share. Now times the 0.75p by how many shares you have:

e.g. 1,000,000 x 0.0075 = £7,500.

Basically every 100k shares you own would earn £750 a year based on £2.5m net income.

The life of mine should be closer to 20 year when you factor in ore from Kashitu and Star-Zinc.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: Re Jeremy Hawke
Today 10:25
I don't doubt that the JH plant would have worked but JLP's design will be better, there's always room for improvement. Not only will the design be better, it's also a much larger plant so it's bound to be more efficient. They should also be able to produce their own sulphuric acid which is needed in the process, and apparently quite expensive to buy at the moment.
Jeremiah99
Posts: 5,364
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Today 09:08
Thanks Bring. So if we can manage to ringfence our share of future profits for the sole benefit of shareholders, it could one day amount to a penny or two a share. I do hope AB is long gone by that time for fear that he will give that away too, and for good measure have us all in debt to JLP and transported over to Kabwe to shovel toxic dust for the rest of our days!
FireballXL5
Posts: 1,444
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Sat 23:14
LC’s numbers in the Zinc case are incorrect. If one looks at Vanadium numbers the Zinc will be around the 25k tonnes mark, based on the yeilds and JORC/Star grades. Revenues around the $150m mark and I would think around £5m to BMR and that’s 11% to BMR TBTT however you cut it. JLP just happen to have 29% so will get their share.
3cardbrag
Posts: 4,237
Opinion:No Opinion
Price:0.00
Re Jeremy Hawke
Sat 22:26
Wasn't it also JH who came up with this fantastic method of reclaiming the metals and which Borrelli boasted over and over again was proprietary to BMR. Then JLP came along and said it was all a load of bulllshiite and changed the method. So either the BoD and their experts were totally incompetent or they lied to us.
What did we end up with after all the extra money we pumped in over the years? A feckin' big pile of dirt and a system of recycling it that didn't work. And a few random chunks of concrete, each one costing about £1m. Oh and we gave away the pile of dirt. Cheers AB.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Sat 18:56
Hi Jeremiah, before the company's shares were suspended from trading on AIM we had 335,710,864 in issue.
Jeremiah99
Posts: 5,364
Opinion:No Opinion
Price:0.00
RE: Tweet, Tweet
Sat 18:42
In the event that the faint hope of one day receiving a useful royalty/dividend from Kabwe profits isn't also snatched away from us, could someone please remind me how many shares there are currently in BMR? TIA.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Sat 18:20
It was Jeremy Hawke that designed the plant and had it all peer reviewed. Although the plant design wasn't great, it was the best he could come up with, especially on the small budget BMR had. I consider JH to be a trustworthy individual.

There's no point comparing the two plants now but I'd like to know why LC initially said 26k tonnes of Zinc and now it's dropped to 8k.
Rosewall
Posts: 6,978
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Sat 16:51
Hi Bring,

To be honest I would rather go with LC's numbers as a) he has a better track record than AB and b) I would have thought that now is not the time to trust anythingthe BMR BoD has said.

Who peer reviewed the numbers, MA, Blue S or a similar bunch of ne'er do wells. Number one rule in investing, don't trust grown ups - none of them - ever.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 17:01
TBTT, BMR were planning to produce 13,500 tonnes of Zinc Sulphate Heptahydrate (which contains over 3,000 tonnes of Zinc) with a 5tph plant. So 8k tonnes of Zinc metal is very low for a 40tph plant.

I suspect BMR's figures were fairly accurate as it was all tested and peer reviewed in Zambia.
TigerByTheTail
Posts: 2,505
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 16:11
Hi BringMy Reward!
The zinc figure puzzles me somewhat as well. But note that the 26K tonnes quoted in the podcast was for zinc concentrate, and the 8K tonnes figure in the RNS is for zinc metal. There's a difference between the two products. In the end it turns out that vanadium represents slightly more than half the value of the project.
Also note, as JLP are investing more than $15m in Kabwe, BMR's share of the earnings falls to 11% (see August 6th RNS). Since JLP own 29% of BMR the "effective" share left over for all the other BMR shareholders is about 7.8%.
Maybe this sounds a little, but revenue from Kabwe should be around $100m per year over about 20 years "life of mine", and in his last interview Leon Coetzer guided towards a 30% + profit margin. So I make it that the BMR "royalty" should equal (very roughly) around $2.3m per year for about the next 20 years after JLP have been repaid their original investment (by sometime in 2021?). When you compare it to BMR's market cap pre-suspension, you can see that it's a substantial sum.
You'll have a fight to keep Alex Borelli's grubby hands off the money, but I wish you and all other shareholders in BMR well.
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 15:35
Maybe the Zinc production figure quoted in the webcast was inclusive of ore being introduced to Kabwe from Star-Zinc? Colin mentioned in the below interview that he envisaged revenue from SZ in April/May 2019, this ties in with what Colin said in the Webcast about Kabwe being in production by April/May 19.

It would make sense as GLR will want revenue from SZ ASAP. I have a feeling an update on SZ won't be too far away now but it will be closer to Xmas by the time Kabwe is producing anything, what's the rush?

https://www.proactiveinvestors.co.uk/companies/news/209589/cash-flow-from-zinc-mining-is-now-only-a-matter-of-months-away-for-galileo-resources-209589.html
EricDraven
Posts: 26,766
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 15:22
Surely then the zinc output figure quoted in the RNS is wrong?
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 15:12
Hi Fireball, the Webcast was from 30th November 2018 (link below). Leon talks about Kabwe from 12m 40s in and starts talking about metal production forecasts from 14 mins in. His forecasts are based on a 40tph plant.

I can't quite understand how the Zinc production goes from 26k tonnes to just 8k? It doesn't make sense.

http://webcasting.brrmedia.co.uk/broadcast/5bfc0a9dde87317597836b02
FireballXL5
Posts: 1,444
Opinion:No Opinion
Price:0.00
RE: JLP RNS
Fri 14:40
Hi BMR, I noticed the Zinc was only just under 5,000 tonnes more than our 5T an hour 24/7 plant. The JPL numbers for the kind of plant they have purchased do not seem to warrant that expenditure. BMR could have purchased 5 of their tiddlers for the same. Well all semantics now but I’d like JPL to produce the same castings or a broker note that BMR kindly afforded its stakeholders. Even if it never came to fruition they did have all the published information peer reviewed. Surely JLP should provide the information to the JV,sort of partner, who in turn can allow BMR interested parties to access the documents. Is the podcast recent BMR, have you the link?
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
Tweet, Tweet
Thu 21:20
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
JLP RNS
Thu 21:00
Just been reading the JLP Kabwe RNS in more detail. I noticed that the production figures for the 3 metals is lower than what Leon C mentioned in JLP’s webcast.

The quoted figures from the webcast were (tonnes per annum);

26,400: Zinc
15,600: Lead
2,040: Vanadium

The figures from today’s RNS are;

8,000: Zinc
15,000: Lead
1,500: Vanadium

Are today’s quoted figures based on the initial 20tph plant or the targeted 40tph? Obviously these are just quoted figures but the Zinc seems quite low in comparison.

Also worth noting I am informed that the 17m share trade for JLP this morning was not BMR. We still hold shares in JLP.
KlueLoss
Posts: 2,888
Opinion:No Opinion
Price:0.00
RE: Well
Thu 13:16
Good luck.

Hopefully JLP get the plant up and running ASAP and the royalty becomes rewarding for everyone. Looking at the numbers produced by JLP and doing some fag packet calculations I think we should hold the royalty for as long as possible, the only chance we have to maybe relinquish something from this sordid affair.
charttopper
Posts: 1,468
Opinion:No Opinion
Price:0.00
Well
Thu 12:25
I haven’t purchased any shares in the past couple of years. I still hold my 150000 BMr.
Although not happy will the whole situation I have just purchased 100000 Jlp shares at 2.389. No brainer in my opinion. Gonna hold on the these long term
BringMyReward
Posts: 3,792
Opinion:No Opinion
Price:0.00
RE: WOW
Thu 12:20
And it only cost BMR £800k - Bargain.
KlueLoss
Posts: 2,888
Opinion:No Opinion
Price:0.00
WH Ireland
Thu 11:52
I see they helped with arranging the funding.

You've gotta laugh. They helped accelerate our demise conveniently. Fjuck me we've been absolutely smashed.
KlueLoss
Posts: 2,888
Opinion:No Opinion
Price:0.00
WOW
Thu 11:39
"The Minister also waived previous conditions placed on the Kabwe mining licences. "




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