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Ariana forecast 47% rise in Kiziltepe gold production Watch here

Ariana forecast 47% rise in Kiziltepe gold production


BMR Group PLC Share Chat (BMR)



Share Price: 1.948Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.00Spread as %: 0.00%Open: 1.948High: 0.00Low: 0.00Yesterday’s Close: 1.948


Share Discussion for BMR Group PLC


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Troajan
Posts: 43,871
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Opinion:No Opinion
Price:1.948
mr draven
Today 14:25
i agree,3 months for plant build
then commissioning to begin.
top slice,re buy.lol.
 
EricDraven
Posts: 25,298
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Opinion:No Opinion
Price:1.948
plumbus/3cardbrag
Today 14:21
I take it as commissioning to begin by that date, because there is no mention prior of the commissioning starting. It should have said completion of plant construction, beginning of commissioning, in my opinion.

If it was the end of commissioning by 30 September, there would be a three month gap then to the December production target, where nothing would be happening. Lol.

The RNS wording is poor.
plumbus
Posts: 642
Off Topic
Opinion:No Opinion
Price:1.948
RE: Warrants
Today 14:12
The warrants allow the buyer (ie those taking part in the 3p placing) to buy a similar amount of shares within a six month period at 5p that's what they'll cost the buyer.
plumbus
Posts: 642
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Opinion:No Opinion
Price:1.948
View Thread (2)
RE: Plumbus
Today 14:04
3card, if you take that interpretation ie commissioning complete by 30th Sept. Then I'd expect meaningful production to start immediately so why the given gap between 30th Sept and end December.
I believe it's commissioning to begin by 30th September ie immediately after plant construction that's why the RNS is ambiguous.
paddwah26
Posts: 668
Off Topic
Opinion:No Opinion
Price:1.948
RE: BringMyReward
Today 13:53
Warrants are a tax on the PI.

They're dilutive and are exercised at a considerable discount to the strike price. All in all would I buy in into a company with warrants outstanding for 5p when the share price is between 3-4p probably not because my gain would be diluted bu the warrants getting exercised.

Nice little boost for the coffers and a little bump up for a few LTH's but that's about it. They effectively create a price ceiling and are very frustrating for PI's whilst they're outstanding.

If you can buy the warrants, then that's a different story
paddwah26
Posts: 668
Off Topic
Opinion:No Opinion
Price:1.948
RE: Warrants
Today 13:40
Does it not depend on on how much the warrants actually cost the buyer? Surely that's the price where this stock will ultimately end up
3cardbrag
Posts: 3,124
Off Topic
Opinion:No Opinion
Price:1.948
Plumbus
Today 13:33
I don't see that as ambiguous. Commissioning by 30 September says exactly that to me. All done and dusted by said date.
plumbus
Posts: 642
Off Topic
Opinion:No Opinion
Price:1.948
Warrants
Today 11:50
From the RNS, six months down the line we'll still be in commissioning mode so uptake of the 5p warrants before the deadline would still be an act of faith rather than seeing anything significantly material. So 5p seems a fair strike price.
PS is that RNS ambiguous? Does it mean commissioning has to be started by Sept 30th or finished, and if finished whats happening in the last three months?

'Following re-instatement, the Kabwe Licence includes new conditions on BMR including (i) plant construction commencing within three months of 3 April 2018; (ii) completing plant construction and commissioning by 30 September 2018; and (iii) commencing production by 30 December 2018.'
EricDraven
Posts: 25,298
Off Topic
Opinion:No Opinion
Price:1.948
BringMyReward
Today 11:14
That would be refreshing.
BringMyReward
Posts: 2,652
Off Topic
Opinion:No Opinion
Price:1.948
EricDraven
Today 11:13
They might not hold us back.. Watch this space!




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