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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


BMR Group PLC Share Chat (BMR)



Share Price: 4.875Bid: 4.75Ask: 5.00Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.25Spread as %: 5.26%Open: 5.00High: 0.00Low: 0.00Yesterday’s Close: 4.875


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 858
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 10:08
I agree with NCK. We would have completed in depth DD. It's not like Alex would have just looked on the ACI website like you have and thought, yeah let's do business with these guys lol. I believe ACI have got the money or could easily get the money, but I'm starting to get the feeling they could be up to no good. This week might just reveal what's really going off.
 
BringMyReward
Posts: 858
Off Topic
Opinion:No Opinion
Price:4.875
ACI
Today 09:56
I’m back, couldn’t stay away. Regarding all the talk about ACI, I have also been thinking are they up to no good? In the beginning they said they would lend us a few million in return for an offtake agreement. That few million turns into $5.2. Almost sounds too good to be true? They tell us we can make the first drawdown once we hit the first milestone. So we hit this and ask for the money.

I might just be having paranoid thoughts, but here’s where the shady stuff starts to happen…ACI then comes up with an excuse and drags their heels until we are low on money. Then it could play out a few ways. A) Another company working on behalf of ACI swoops in with a rescue package, which is highly in their favour and not ours. B) They come in with a cheap takeover bid which wouldn’t be more than 10p (I personally think any bid would get rejected anyway). C) They wait and hope we go bust so they can get their grubby mitts on our assets for next to nothing.

I think if this were to happen, option A or C is the more likely outcome they would be hoping for. It’s AB’s job now to prevent any of the above from happening. Unfortunately this kind of thing happens all the time with AIM companies. Don’t be too hard on me as it’s only my thoughts. I’d like to think the ACI deal will complete, but I am now under the impression that it all seems too good to be true!
NatCoalKing
Posts: 2,999
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 09:33
Lol.

Do you not think bmr have done their own research on aci? That was a significant offtake agreement that the parties entered into. Have you no idea how due diligence works? Whatever information you can find on the Internet just scratches the surface.

Good Good to see new posters posting though. Can be a good sign that news is close.
TigerByTheTail
Posts: 4
Question
Opinion:No Opinion
Price:4.875
African Compass International (ACI)
Today 09:22
I've been following this board for some time but not posting. I've finally decided to ask the question that's on my mind. What makes you all think that ACI actually has any money? Judging by its website it is not a serious operation at all - it hasn't even updated its news section for over a year. I hope BMR really do have other financing options, because I don't imagine ACI will ever come up with the money. Friday's RNS worries me greatly, and I expect the share price to crash further tomorrow.
Eowyn
Posts: 20
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 07:27
Thanks for this, very well explained!
plumbus
Posts: 100
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 07:06
Fireball Thanks for taking the time and effort with that detailed explanation - Clearer now and much appreciated.
FireballXL5
Posts: 1,031
Off Topic
Opinion:No Opinion
Price:4.875
Made the Guardian
Sun 22:00
https://www.theguardian.com/environment/2017/may/28/the-worlds-most-toxic-town-the-terrible-legacy-of-zambias-lead-mines

Not entirely accurate as Black Mountain is in Kitwe and a by product of copper. Some of the photos also look suspect. I thought the WB funding had been signed off.
FireballXL5
Posts: 1,031
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Sun 21:35
BMR have the proprietary process. The EIA is based on that process and so is the sanctioned plant build and the conditions attached. The company can apply to ZEMA to have the necessary approvals transferred. A recent example is the Albidon Munali nickel mine. They have applied for a transfer of the EIA to move the environmental conditions to the new operators. They in turn have proposed new processing plans and plant which has resulted in a new TOR and submission of an EIA incorporating the new and existing plant, licences and processing and the underground mine. As with any permissions the new operators must fulfill requirements and any changes would require a submission. There is never any certainty in obtaining approval. I think we all realise that there are a number of hurdles and objections along the way having visited ZEMA on two occasions thus far and having attempted to acquire an EPB for the WKS. Thus BMR have created value in Enviro Processing and it would require a mutually acceptable consideration to seamlessly transfer the value of the assets and licences. We have thus far expended a great deal bringing Kabwe to where it is now. I believe that that intellectual property, the approval and licences carry significant value and any third party would be a suitor rather than a predator. I would be urging AB to maximise that value for shareholders should he be weaselling away from continuation to production. The asset value at Kabwe is pretty staggering and the process very low cost. I can see why any protagonist would be attempting to usurp the story.
plumbus
Posts: 100
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Sun 12:33
bryjon, thanks for the reply. ACI already operate in Zambia although at the moment they only have prospecting and exploration licences so to a degree they are a know quantity to the ZG. If ACI come in and effectively take over Enviro Prop I cant understand why that would put the ZG in a worse position than if BMR owned the assets etc. as long as ACI agreed to all the constraints / tax regimes already applying to BMR.
Anyway have a good break and hope there is better news awaiting your return




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