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Berkeley Mineral Resources Share Chat (BMR)



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Share Discussion for Berkeley Mineral Resources




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EricDraven
Posts: 27,136
Opinion:No Opinion
Price:0.00
RE: BMR
22 Apr '19
Good post. I've nothing to add to that Bring.

The circular must surely be out this week eh? Lol.

Best of luck to us all.
 
BringMyReward
Posts: 3,867
Opinion:No Opinion
Price:0.00
RE: BMR
22 Apr '19
We were certainly let down by management, and that’s an understatement. Things could have been different but we were in a financial mess with no money to build a 5tph plant, let alone a 30-40tph plant.

I was given hope when BMR signed the JV with JLP. I thought, ok, we are giving up 40% of the profits but a plant will get built and we will still be making money. JLP realised a bigger plant was required, although surely this was known from the moment they got involved? I think the JV was just a story which enabled the BOD to stall for time until we were booted off AIM. Then the real deal was signed, effectively giving JLP 100% of the asset in return for a Royalty, or should I say, “right to a Royalty”.

Having said all of that, we can’t change the past and I think we are lucky that we didn’t lose the lot. If it wasn’t for JLP showing an interest when they did, it could have been game over. I’ll take 11% of something rather than nothing any day... It might take a few years but we should benefit from the Royalty. It’s also likely that BMR will re-list with new assets and a new CEO. With a bit of luck, the listed company should enable shareholders to get some of their money back…

Personally, I’m more interested in the Royalty becoming reality, and it is the BOD’s responsibility to protect it. It’s also BMRW’s duty to ensure we get maximum return from the Royalty. We will not accept a cheap buyout!
EricDraven
Posts: 27,136
Opinion:No Opinion
Price:0.00
RE: BMR
22 Apr '19
Aye, Kabwe is still a mess. The toxicity remains. Alikhani and Borrelli haven't been able to tackle the problem. Millions of pounds of shareholders' money lost in the process of course.

MA and Bozzer. Blimey. I wince.
seac
Posts: 1,185
Opinion:No Opinion
Price:0.00
BMR
22 Apr '19
Masoud, Borrelli, this is painful to read. I lost a shitload during Alikhani’s “reign”. What a piss poor attempt at making money and clearing up environment at Kabwe. Hope MA rots.




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