20p I wish to be honest with the game changing news we had with our new chinese partner it looks like we are being held in this range - for what reason only MA will know, there is alot going on behind the scenes that we are not part of take the last RNS I believe if someone had not dug around for news of it on the internet we would still be waiting even though the deal was signed in November.
I put a buy in last week of 260k of shares and they were reported as sells - someone is accumulating shares with the full agreement of MA and the MM playing their part. I hope those going on the 23rd actually put presure on MA to start communicating more with the shareholders.
The good news is that the price of lead and zinc is rising and copper looks to be stabalising. This gives a better prospect of BMR getting a long term contract at a reasonable price for the supply of the base metals, any silver or gold would be iceing on the cake! The New Year should see take off!
Similar to many other AIM resource stocks the share price of BMR has retraced due to negative market sentiment. The bearish mood towards all companies in the sector that are not making a profit has meant that the SP of a multitude of shares have plummeted into the mire. There are numerous companies such as BMR that's share price fails to reflect in any shape or form the proven assets these companies own or their medium to long term potential. Other than a bull market emerging in which the SP of all of these type of companies will recover at a very fast rate, the only way a share price will improve is for the company to move into sustainable profitability. If BMR are not taken over first on all known information the SP should rerate higher as soon as the profits start to hit the coffers. And that's about it.
As said MA has a habit of releasing news before the AGM. I think we should get details of the deal. There is no doubt a BMR is about to enter a new phase of its life. If as we hope a substantial investment is announced to develope the mine and support the tailings program we could be on a new path to prosperity and transformational change.
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