Can't argue with planting a tree, whatever the circumstances. However, perhaps they can just hold off a bit and tell them that there could be a life changing process about to be unleashed (if their Government would just approve it) that would get rid of the problem for good in a relatively small period of time!
J99 I think more simplistically, we are in the innovative processing space rather than mining, which is a) where the larger companies want to be and b) one reason BMR Mining may possibly get renamed to hammer home the point to the market.
If Glencore want to buy BMR once its up and running, please feel free to table an offer!
Some comprehensive sector information there, DShox - thanks. I wonder if there can be any value addition for our own products? Someone already mentioned a zinc compound suitable to use as fertiliser..
Changing the subject, I notice that Lexinta are based in Zug, Switzerland, as are Glencore, I believe. And wasn't Mark Veitch linked to GC? The guy who led us up the garden path at the AGM with talk of 12p (£1-20 in new money) Was MA just the fall guy to bring us to our knees prior to us getting gobbled up on the cheap by GC until their own problems took centre stage? Maybe I'm being too suspicious, but we are just minnows swimming with some potentially ruthless sharks out there...
Vedanta made a bet on zinc year's ago when it acquired Anglo's assets in Africa and Ireland, the latter location now dormant. It's Skorpion mine is sub 3 years life and needs the Gamsberg expansion in SA to keep the refinery running, which is hold due to zinc prices. Vedanta's main zinc assets are in India, which are integrated mines and refineries in a low cost jurisdiction. Vedanta does suffer from power shortages - you will note is Alumium smelters are desperate for coal and some operations have been suspended.
If you take Nyrstar, the world's largest integrated zinc miner, about a quarter of its 18 mines are suspended and the board has put all of them up for sale. It is now focussing on the refining business from where it once came. Alcoa is doing the same. Corporates appear to be re-focussing on value add and high tech refining, whereas once upon a time the mining segment was where the margin was.
Well since Lloyds only give me until 11th Feb to make my mind up , I've decided to over subscribe by just over double my entitlement (I must be mad XD) although this didn't amount to too much in the scheme of things , I did have a bit of spare capital. Will this finally make me money ? only time will tell.
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