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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


BMR Group PLC Share Chat (BMR)



Share Price: 2.075Bid: 1.90Ask: 2.25Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.35Spread as %: 18.42%Open: 2.075High: 2.075Low: 2.075Yesterday’s Close: 2.075


Share Discussion for BMR Group PLC


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EricDraven
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DShox
Thu 15:17
I see. That doesn't sound too good. However, unless your guy is privy to the actual finer details of the proprietory process, i.e. is working with BMR on it, then I'm not sure that his comments can really hold any weight, or his concerns validated. If the current process doesn't account for everything, including potential fatigue of plant and scalability, then our interested and employed experts are nothing of the sort.

If so, we have all been misled, which would surely be bordering on the criminal.

Only my thoughts, and I do know you are pro-BMR.

Cheers matey.
 
EricDraven
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val
Thu 15:07
Or even beheaded by his own drone. Lol.
EricDraven
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KlueLoss
Thu 15:05
Exactly.
DShox
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RE: DShox
Thu 13:27
Eric,
I like BMR as you know and see today's position as a legacy of MA squandering an opportunity before zinc dived. BMR was wounded, saved and put on a very low cost track to development. The process to be employed is proprietary and by its nature, its successful scalability in the hands of a few interested experts working within the confines of the resources they have and the knowledge they have. There is an individual I have a great amount of respect for with a track record of commercialising new mining processing technology that caused me to query the potential success of the pilot plant in current form, which possibly could not or was not replicated in the lab. I would hope that the new JV, with its additional resources and new zinc price environment, looks at the current path to development.
valencia
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Perhaps...
Thu 13:19
Once they do actually start constructing something maybe the delighted Bozzer can find a way of being shoved into the foundations before the concrete sets. The Waelz Kiln Sl4g.
KlueLoss
Posts: 2,307
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EricDraven
Thu 12:29
First question over the scalability I've heard and given the below if there is questions over scalability and the process then as little as less than 6 months ago Borrelli wasn't saying anything of the sort.

23.06.17

General update

The Directors are pleased to report that civil construction works for the Kabwe plant remain on track with construction scheduled to complete in the fourth quarter of 2017, ahead of the start of commissioning by the end of the year, subject to equipment suppliers meeting their delivery schedules.

Provided construction and commissioning continue to remain on track, the Directors still anticipate production commencing in the first quarter next year.

.....

Alex Borrelli, Chairman, commented: "We have given detailed consideration to the cash requirements of the Company over the next few months for the Kabwe plant construction as well as for necessary working capital. We concluded that it is in shareholders' best interests for this small fund raise to be completed without further delay while we remain in frequent discussions with African Compass International Limited ("ACI") over our first drawdown request under the project construction and trade finance agreement referred to in our announcement on 8 June 2017, for the awaited initial $900,000.

On the basis of the current fund raising and subject to ACI satisfying its commitments under that facility agreement, we are satisfied that the construction of the Kabwe plant is fully funded."
EricDraven
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DShox
Thu 12:25
They have tested until the cows come home and have had £millions over time to do so.

Just a point.
EricDraven
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DShox
Thu 12:21
Yes, surely that is just a guess though re the robustness. We are supposed to have experts working for us. We invested and remained invested because we were informed officially that a pilot plant would be built and commissioned. We have to believe that the expertise in place would have identified everything required during lab testing and specified a build standard to achieve that. A scalable, sturdy, working plant.

Are you suggesting the plant build is currently sub-standard then, due to our financial woes? Also its robustness anyway, in terms of plant longevity, due to the long-term effects of minute residues being overlooked in the lab? Just seems a bizarre post from you.
DShox
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sp
Thu 11:05
sad to see the ACI funding issue lead to this. seems like a long a painful journey. for what its worth, i hope another look is taken at the pilot plant - though i'm not clear that is still the route being pursued. for this type of material and process, the small scale lab tests might not robustly considered the very minute deleterious material that builds up end to end, when operating over a sustained period. yes the chemistry worked, but the shoe-string budget BMR has had to operate to might have forced a less robust look. need to stop there.
swinger
Posts: 9,887
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RE: 0.020p
Thu 07:45
I once roped up at 8 p

I’m old money!




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