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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 0.525Bid: 0.50Ask: 0.55Change: -0.025 (-4.55%)Faller - Berkeley Min.
Spread: 0.05Spread as %: 10.00%Open: 0.55High: 0.55Low: 0.525Yesterday’s Close: 0.55


Share Discussion for Berkeley Min. (BMR)


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ljchandler
Posts: 19,482
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Opinion:No Opinion
Price:0.58
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RE: banana
19 May '15
not sure mate was just told by someone that is was an error which is now fixed.
 
banana_fritter
Posts: 164
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Opinion:No Opinion
Price:0.58
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RE: banana
19 May '15
Was it the share capital vs listed shares issue?

I'll look a right twonk if it wasn't lol.
ljchandler
Posts: 19,482
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Price:0.58
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RE: banana
19 May '15
Banana apparently the 37% was a mistake which has now been corrected.....
banana_fritter
Posts: 164
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Price:0.58
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RE: banana
19 May '15
As far as I can see they've confused shares listed for trading with issued share capital.

If you have a look at the Directors dealing announcement, it states directors own approx 0.3% of issued share capital. This can't be the case as the issued share capital is £20,892,289.

They've actually bought approx 0.3% of the shares listed on AIM - 4,000,000 of 1,344,133,886 is 0.2975% (I'll let them off with the fraction).

The original 13 May update was correct in the calculation (37.59% of issued share capital) as this correctly includes the deferred 1p and 4p shares.

The 19 May update appears to have reverted to shares listed for trading, however 0.77% of this figure is 10,349,830 - which I can't see anywhere.

Probably worth an email to the NOMAD to be honest. They can clear up the confusion better than I can.
EricDraven
Posts: 16,670
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Opinion:No Opinion
Price:0.58
BenSchmarck - typo
19 May '15
Apologies on the spelling of your name. I'm a myopic moron.
EricDraven
Posts: 16,670
Off Topic
Opinion:No Opinion
Price:0.58
BenSchmark
19 May '15
Hi Ben. Yes, good to have Jeremy involved and fair point, but I'm concerned with how AB himself performs, how, for example, he approaches the relaying of news. Content, frequency, also the advertising of BMR to new investors once we have the name change. Most crucial of all, especially for long-term holders, how he deals with the sensitive issue of raising further funds, as and when required. Mass or minimal dilution. How he manages progress on the ground and relays that effectively via news will determine how well placed we are in avoiding large dilution, or better still, any dilution. Has he already sourced a JV or even a buyer? How is the ZEMA application going? These were really the next stages I was thinking about. AB's tasks, and not those of Jeremy, albeit he is working with AB. So far AB has indeed changed personnel for the better, cut unnecessary overheads and kept us afloat. Great work. Now he must build on these beginnings, but I would like further evidence that he is doing all of this for the benefit of existing shareholders. I so hope he is, and we'll know for certain before long I reckon. The AGM should be a good indication.

Cheers Ben.
banana_fritter
Posts: 164
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Price:0.58
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RE: banana
19 May '15
That there's been a cock-up somewhere.

I'll have a look......
BenSchmarck
Posts: 10
Off Topic
Opinion:No Opinion
Price:0.58
EricDraven
19 May '15
As I see the next stage as getting to production, I think AB has already drafted in expertise with the appointment of Jeremy Hawke, ref the RNS on 2nd Feb:

"New director

The Board is pleased to announce that Jeremy Hawke has today been appointed a director of the Company with direct responsibility for its operations.

Jeremy Hawke is a Chartered Engineer who spent the first 17 years of his mining career in senior operating positions with the Anglo American Corporation in Zambia and DRC and later Rio Tinto in Namibia. His first mining industry appointment was at the Broken Hill lead and zinc mine, later to become the Kabwe Mine in Zambia. After Namibia he moved to South Africa where he started his own manufacturing company producing high speed diesel engine protection equipment for open pit earth moving equipment. On his return to the UK he worked for International Mining Consultants as Principal Mechanical Engineer, where he led a number of World Bank and EU funded mining projects, principally in Africa. Over the past 3 years Jeremy has been involved in a variety of tailings re-treatment projects for the recovery of copper, gold, iron and earlier diamonds. This past year he has overseen the metallurgical, mining and equipment selection programmes for a major tailings retreatment project on the Zambian Copperbelt. Founder of AIM-listed African Mining and Exploration (now Savannah Resources, ticker SAV), Jeremy is currently a director of New Resource Management Services Ltd, a niche mining and geological consulting company."
ljchandler
Posts: 19,482
Off Topic
Opinion:No Opinion
Price:0.58
View Thread (2)
RE: LJC
19 May '15
harle thats like asking MA if he done anything wrong.....
harlequin
Posts: 4,495
Observation
Opinion:No Opinion
Price:0.58
View Thread (2)
LJC
19 May '15
I hope you ask DB at-AGM how much he knew and why he's still on the board





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