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BMR Group PLC Share Chat (BMR)



Share Price: 1.95Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.00Spread as %: 0.00%Open: 1.975High: 0.00Low: 0.00Yesterday’s Close: 1.95


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 1,871
Off Topic
Opinion:No Opinion
Price:1.95
RE: BringMyReward
Thu 20:41
Agree about the money, but if some of it could be used as working capital it would be better than another placing and further dilution. Like I said, it might not be needed if we can get some money from other sources.

Interestingly it does say up to 40% of profits in the RNS, so is it possible that somehow we could get it reduced to closer to 30%?
 
KlueLoss
Posts: 2,311
Off Topic
Opinion:No Opinion
Price:1.95
RE: BringMyReward
Thu 20:07
Just to clarify the reduction in % is entirely hypothetical ( and deluded wishful thinking) and I fully expect them to take their 40% of profits for the length of the project. Only way out is the jokers at ACI who are still prank calling BMR offices with promises they can't keep about getting alternative funding.
KlueLoss
Posts: 2,311
Off Topic
Opinion:No Opinion
Price:1.95
BringMyReward
Thu 19:57
"By then we should have received the first £1m from JLP. I know this money is for the plant but I can't see it all being used up, so some could be used for working capital."

If all the money isn't used towards the plant (or needed) I would rather see JLP take a reduction in % equal to amount they don't spend (e.g £800k becomes 12% instead of 15%) of future profits than give the money to borrelli to think of more ways to prolong the agony for shareholders waiting to get into production. As JLP are the contractors I expect they will spend every penny because in effect they are giving themselves the money. I'm sure they'll have agreements in place but I'd be surprised if money was used on other things other plant build as per the JV terms.
BringMyReward
Posts: 1,871
Off Topic
Opinion:No Opinion
Price:1.95
RE: Money
Thu 18:45
Would be nice to get an RNS that actually pushes the price up. It seems to have had the opposite reaction for almost all RNS's released this year. We are now relatively cashed up so we should start to make progress on certain fronts. There are no known reasons for the SP to fall any further than it already has. 9 months ago we were at 9p so the drop is a little over done despite what£s happened.

I still think we are worth at least 4p as things stand, this should only increase once the JV is signed and we have more developments on certain things. I have to look on the positive side, I invested here to make money and that£s what I am focussing on. My average is now around 5.5p and I am determined to stick around until I can at least sell for a decent profit.
FireballXL5
Posts: 1,265
Off Topic
Opinion:No Opinion
Price:1.975
Money
Thu 13:20
28th February. Lets hope that JLP have enough confidence in the processes developed to sign on the dotted line prior to the 28th. We have had enough of that confidence in the board to offer continued support. Even bought the warrants at 7p in the knowledge that the plant was being built and would be fit for purpose. The board have unfortunately sat an their laurels and allowed themselves to be put in a vulnerable position and the perceived value to be eroded. They should now be working 24/7 to facilitate the JV and restore confidence in what should be a very very lucrative operation.
BringMyReward
Posts: 1,871
Off Topic
Opinion:No Opinion
Price:1.975
View Thread (2)
RE: 800K placing
Thu 12:21
I worked out that we have circa £1.2m in cash, we have to pay for SZ in full by end of Feb next year. By then we should have received the first £1m from JLP. I know this money is for the plant but I can't see it all being used up, so some could be used for working capital. This will certainly bide us some time to get money in from ACI ($109k owed), litigation, and possibly revenue from WKS. So I think we will be fine for money provided most of the above happens plus reaching production by summer 2018.

AB has let us down on so many occasions with the plant completion date. With JLP taking the reigns with the plant design and construction, I feel a lot more confident that this target date will be achievable.
KlueLoss
Posts: 2,311
Off Topic
Opinion:No Opinion
Price:1.975
RE: 800K placing
Wed 23:11
Probably have around 6 months money once we've paid out for 15-25% of SZ.

I personally think we'll see another placing at some point and given AB went on his knees (wilfully) and got minimal levels of cash whilst increasing shares in issue by 20% he is either extremely confident he will get litigation money through and/or JLP will progress without a hitch or even WKS can be monetised. Failing that I think a further capital raise will be required. I wonder what's happening with that huge tax bill that they said they're confident of avoiding?
Shwmae
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:1.975
Regret...
Wed 22:49
the day I ever laid my eyes on this dog, 8 years later and reaching all time lows....there are no words to describe the current position. Written this off if I am honest, but have made losses in this dog back through graft and slog. Eric mate, I really hope it improves, but as ever with this company, it never does, thankfully I only hold this in my SIPP which can be remedied over time
jeffry
Posts: 4,424
Off Topic
Opinion:No Opinion
Price:1.975
800K placing
Wed 22:35
i know this placing for star zinc and some working capital

will BMR need more placing shortly, maybe perhaps to cover for more working capital

after all, the placing of 800k is not that large.

any thoughts?
BringMyReward
Posts: 1,871
Off Topic
Opinion:No Opinion
Price:1.975
RE: Holdings
Wed 20:39
20p would give a MC of less than £50m. That'll be fairly cheap once BMR is producing an making a profit. With an extended plant and introduction of SZ ore, Kashitu etc, this project has the potential of being pretty big.

Yes, 40% of profits will go to JLP but BMR will still do very nicely out of it. So 20p certainly isn't a ludicrous valuation given time.




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