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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


BMR Group PLC Share Chat (BMR)



Share Price: 1.948Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.00Spread as %: 0.00%Open: 1.948High: 0.00Low: 0.00Yesterday’s Close: 1.948


Share Discussion for BMR Group PLC


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aim-sickness
Posts: 699
Off Topic
Opinion:No Opinion
Price:1.948
RE: BringMyReward
Wed 17:08
To join you send a 10 pound postal order to an M. Alikhani.
 
EricDraven
Posts: 25,597
Off Topic
Opinion:No Opinion
Price:1.948
BringMyReward
Wed 17:05
So what can BMR Watch do that can't be done on any bb Bring? Do we have to pay to join it? Seeing as you posted info about it.

Cheers Bud.
BringMyReward
Posts: 2,992
Off Topic
Opinion:No Opinion
Price:1.948
Post from Laffer on iii
Wed 16:53
"Hello All,
Yes, I am back from the dead.......... and yes, I am still invested in BMR........

Spread the word (without getting banned from the various discussion boards!), BMR Watch is waking up and wants shareholders help to try and protect all those invested.

It really is time that Shareholders hold directors to account and if necessary, force directors to act in the best interest of shareholders as opposed to themselves.

Apathy kills your investment.
Doing nothing kills your investment.
Listening to detractors kills your investment.
Participation in BMR Watch may help protect your investment.

What are you going to do? Nothing? Or the right thing?

Visit www dot bmrwatch dot shutterfly dot com

Shareholders should.... no..... need to hold directors to account. After all, they work for us! Don't be naive and assume directors act in shareholders interest. They don't, especially on AIM.

With little involvement or effort, we shareholders can collectively ensure that directors act in our interests and not their own."
BringMyReward
Posts: 2,992
Off Topic
Opinion:No Opinion
Price:1.948
RE: Bring
Wed 16:43
Yeah that would be nice. Hopefully it won't be long before we are back to those levels, considering the warrants at 5p and all that.
3cardbrag
Posts: 3,282
Off Topic
Opinion:No Opinion
Price:1.948
Bring
Wed 16:42
Sorry, no that was warrants, but presumably you get my point.
3cardbrag
Posts: 3,282
Off Topic
Opinion:No Opinion
Price:1.948
Bring
Wed 16:41
re "Although the placing is at a 50%+ premium to our last recorded buy, as Klueloss pointed out, the last placing we had was effectively at 2.9p, so it makes sense to make it slightly higher."
Maybe the placing should be at 7.1p in that case to give a little succour to all those poor bustards, including me, who took the previous placing.
BringMyReward
Posts: 2,992
Off Topic
Opinion:No Opinion
Price:1.948
RE: Query
Wed 16:32
bjlabuk, I was first told that the investors would subscribe at 3p once the JV was signed. After that happened I was told it would be after the plans were approved by BMR/JLP.

Although the placing is at a 50%+ premium to our last recorded buy, as Klueloss pointed out, the last placing we had was effectively at 2.9p, so it makes sense to make it slightly higher.

AB won't be putting anymore money in which is a little disappointing, but we have the likes of CB and LC who might buy some in the future. As we know CB already owns around 2.5m shares in BMR.
bjlabuk
Posts: 80
Off Topic
Opinion:No Opinion
Price:1.948
RE: Query
Wed 13:29
Moneyhawk,
Thanks. If I had a spare £200k I would certainly want more info, assurances etc etc before I subscribed for shares at 3p. Would be nice to see AB put his money where his mouth is and buy a substantial amount himself.
bjlabuk
Posts: 80
Off Topic
Opinion:No Opinion
Price:1.948
RE: Query
Wed 13:06
Hi Klueloss,
Thanks, take your point about JLP not being happy if shares were offered at less than 2.9p.
moneyhawk
Posts: 336
Off Topic
Opinion:No Opinion
Price:1.948
RE: Query
Wed 12:58
Bjlabuk, my take on it is that the BoD believed that there would be huge interest in the shares following the JV and licence being restored, and that they could get enough interest in the placing so issued the statement without actually having the placing sorted out. Perhaps they were rushed into it by JLP making the announcement about the licence. But I think they underestimated the damage to investors confidence caused by the licence being revoked and circumstances surrounding it, and perhaps also investors confidence in JLP being able to deliver on the time scales imposed by the new licence conditions. JLP isn't suspended, and had a higher market cap and SP before getting involved with BMR, which gives an indication of the value the market is placing on Kabwe at the moment.

Added to that, the plan for a 5t/ph plant is very small scale, and there doesn't seem to be much of a plan at the moment setting out how and when it will be expanded to a size to process the amount of tailings at the site.

JLP also moved the goalposts somewhat, and BMR may end up having to raise more than £1m to maintain a 60% share if the costs rise beyond the amount already agreed on. But hopefully any additional cost will be to expand the capacity of the plant so it would be worthwhile expenditure and see a good return.

So I would assume that until the plans and costs are finalised, and its confirmed that it can be done in time to meet licence conditions, there won't be many people willing to commit to the placing as its a bit unknown at the moment what they would actually be investing in.




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