Berkley Mineral Resources PLC have a strategy of processing tailings at former mines as a mineral processing company. Their main focus at current is the extraction on zinc and lead from tailings Dumps in the Kabwe mine in Zambia.
Hi Steels. Thanks for your kind words. That's the nicest thing anyone has said to me other than, "Do you fancy a threesome with my twin sister and I?" Naturally, being the gent that I am, I had to politely decline the offer with, "Of course not, I'm your brother you sick cow!" No matter, as I say, from this approval point onwards, we now have all the necessary ingredients for success in place. MA has no excuses to continue the mystery, regardless of whether we are in a bear market or not. It should make no difference. Nobody knows when the bear market will end, these things are cyclical, but we can't just shut up shop and put the "Gone fishing" sign up until it all improves. That itself is counterproductive, to limit our own progress, moreso especially perhaps because an end date for the bearish conditions is indeterminate. I fully understand that releasing news in a bear market will not give us the rises we could have if things were more bullish. That's not a problem though. We just have to counteract this with great news when the cycle changes for the better once again. It's that old swings and roundabouts nugget. We also should be mindful that if we are lucky enough to be taken out by a major, then any buyout offer will be based on the NAV and future metal prices/revenue projections, and not on this eye-wincingly awful current sp. I very much think therefore, that we should learn to breathe again here, and maybe accept that the main hurdles are cleared, that we can really win with this. Cheers Steels.
Was browsing old rns 2008/9, got me drooling and dreaming on this bit RNS. 6396A 13 OCT 2009 Today, the waste dumps at Kabwe cover an area of about 1 km2 and contain approximately 8m tons of various waste residues with an estimated combined metal content of 455,000t zinc and 368,500t lead. BMR benefits from the existing infrastructure at Kabwe, including processing plant, good roads, water supply, ample power, local labour and direct on-site connection to overseas markets via international railways to South Africa and to Indian Ocean ports.
RE: Bear market
Fair point Lee, but approval was pending for Kabwe, not the other sites we own. I have no idea if we have to go through the whole EIS approval process for Ching & Ndola. If so, why haven't they started, if not, why aren't we doing anything there? The link below was posted over a year ago by Razor on iii, nada since: https://www.dropbox.com/s/s5gbna30nziuk4y/Photo%2003-08-2013%2013%2006%2025.jpg As far as I can see, and read from the official company statements, we could have/should have been producing at least at Ndola for a long time now. If BMR had produced there, it would certainly have helped our sp and also given cash in the bank would have obviates the need for some of the dilution we've seen........unless it was MA's plan all along to stiff the PI's and give some bargain basement entry point to his good buddies. Seem to recall he had a good whinge to someone about wanting so many PI's out. Ching May or may not be bogged down in licence disputes and end up the same way as Luanshya, who knows. Bring on Tuesday, maybe we'll see a holding RNS as you thought May be the case ljc. Maybe we'll have news on copper production. Maybe we'll still be sitting in the dark. Cheers
We have been in a bear market for the past 4 years now and any good news has always had little effect on most share prices across the aim market. I hope MA has deliberately not shown our full hand in these dire market conditions. If we were told the full details regarding LPT profits what's in the mine etc I bet the share price still wouldn't have been where we want it in the current market. Without zema approval it wasn't pointless bring out all the positive news flow as it would have meant nothing... It's all well an good having all the zinc and lead and assets but they were worthless unless you had the license and approvals to produce. The approval will be the turning point for BMR now. Hopefully the bear market is almost over.
Just wanted to say that you're such an asset to this board with your insightful and perceptive contributions, calm diplomacy with others and fantastic sense of humour, and I, like many, just love reading your contributions. Just hope we get well beyond your 5.16p eventually here and that all the stress and strain and anguish of being a long-term BMR investor will have proved worth it for you and the rest of us! All the best mate
About the 'greenfield area'. I hope they explore this area
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