Register
Login:
Share:
Email Facebook Twitter

Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


BMR Group PLC Share Chat (BMR)



Share Price: 4.875Bid: 4.75Ask: 5.00Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.25Spread as %: 5.26%Open: 5.00High: 5.00Low: 4.875Yesterday’s Close: 4.875


Share Discussion for BMR Group PLC


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


plumbus
Posts: 97
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 12:33
bryjon, thanks for the reply. ACI already operate in Zambia although at the moment they only have prospecting and exploration licences so to a degree they are a know quantity to the ZG. If ACI come in and effectively take over Enviro Prop I cant understand why that would put the ZG in a worse position than if BMR owned the assets etc. as long as ACI agreed to all the constraints / tax regimes already applying to BMR.
Anyway have a good break and hope there is better news awaiting your return
 
brynjon
Posts: 2,297
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 12:15
Plumb us- Enviro Prop is a Zambian company. It us a wholly owned subsidiary of BMR. Yes they are the holders of the licences.
The Zambian government are very much aware that their country has been taken up the backside and their resources removed for token amounts and those takers having paid less taxes than they should have built diverting funds and resources elsewhere.

With that in mind the ZG are stamping down on companies and demanding payment of overdue taxes. This is one reason Glenmore did a shoot from Kabwe/Sible Zinc.

So perhaps it may be difficult for companies to.come in and just take over the licences for a pittance as they would probably have to stump up with a lot more in overdue fees.

This current situation is very unacceptable for us mere shareholders. The uncertainty will cripple some. The feelings of deja-vu will no doubt return and even I sometimes ask myself the question -Why?

I am in for too much already to not believe - may not be as much as some - but petsonally it is a lot of loot. Therefore I look to the future with a cup half full attitude though at times the table gets knocked and liquid can spill.

Onwards and upwards. Will see how things are on my return.
Hanser
Posts: 82
Off Topic
Opinion:No Opinion
Price:4.875
RE: Plumbus
Today 12:11
yaadvark - I never ever said ACI is a creditor. But there will be creditors for materials, labour, processing equipment, rents etc and they will all need paying.
IMHO
plumbus
Posts: 97
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 11:38
Fireball, is that really the case I'd have thought that in a takeover BMR would merely become a subsidiary of the predator and all licences, permits and intellectual property would be transferred. Admittedly the predator would have to be acceptable to the Govt.
yaardvark
Posts: 534
Off Topic
Opinion:No Opinion
Price:4.875
RE: Plumbus
Today 11:10
Harder, ACI haven't even got as far as being our creditors yet!
FireballXL5
Posts: 1,028
Off Topic
Opinion:No Opinion
Price:4.875
Lest we forget
Today 11:03
BMR in the shape of Enviro Processing hold the licences, the proprietary processing. Any takeover would have ZEMA scrutiny, mining ministry etc. Etc. Transferring the approvals would not be easy. Imagine anyone going through many more months of EIA's, public meetings etc. It's in everyone's interest to get the show on the road. We are not aware of what the problem is and how AB wishes to tackle it, I would think that securing the commodities on offer would be a prime objective for many as the supply demand cycle becomes more restricted. This not only applies to Zinc but to V and lead.
Hanser
Posts: 82
Off Topic
Opinion:No Opinion
Price:4.875
RE: Plumbus
Today 10:39
Yep, I think ACI and the Principals they broker for have their eyes on the bigger prize. Management and shareholders start to lose control of the business when the creditors close in, so don't expect anybody holding out for a top dollar price.
plumbus
Posts: 97
Off Topic
Opinion:No Opinion
Price:4.875
RE: Plumbus
Today 10:23
If ACI are playing rough then they must be pretty confident that AB can't raise the cash from another source, if he could (or had been able to over the last few months delay) then ACI would be frozen out of quite a profitable supply agreement.
yaardvark
Posts: 534
Off Topic
Opinion:No Opinion
Price:4.875
Shareholders...
Today 09:42
Wouldn't let a cheap take over happen anyway, £1 per share minimum and I would think about it!...
yaardvark
Posts: 534
Off Topic
Opinion:No Opinion
Price:4.875
View Thread (2)
RE: Plumbus
Today 09:37
AB is obviously keen to hold out for money from ACI because it's tied into an offtake agreement so it would be easier all round if this deal goes ahead. I would certainly hope AB wouldn't let the assets at Kabwe go for anything less than their true value and I am sure that he has considered all the possible reasons for these ACI payments being delayed and would block any attempt at a devious hostile takeover. Come on AB, do us proud!!




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.