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BMR Group PLC Share Chat (BMR)



Share Price: 3.25Bid: 3.00Ask: 3.50Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.50Spread as %: 16.67%Open: 3.25High: 3.25Low: 3.25Yesterday’s Close: 3.25


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:3.25
lutonnews
Sat 19:14
It would be nice to get some good news next week then. I'll pick some up myself if I have some spare :)
 
lutonnews
Posts: 3,159
Off Topic
Opinion:No Opinion
Price:3.25
RE: Eric
Sat 18:43
Hi guys
Still invested and have plenty of powder to add before I am away on the 26th should the right sort of positive news spring out of the blue.
Re a takeover . As a rule of thumb imo the initial offer would likely be two and a bit times SP .
So I would hope that we would be a fair bit higher than we are currently before any potential predator comes knocking at the door.
BringMyReward
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:3.25
Eric
Sat 18:25
I'm not saying that our processing method won't work. Yes it has been tested small scale and I'm sure it will work on a large scale too, but nobody knows for sure. My main argument was that we are only likely to get a fair price whilst we are producing, and not before. Could you imagine if we got an offer of say 35p, that would be over a 1000% of the current SP (10 fold). How many takeovers have you seen with that kind of a premium on top? Hence 10p is realistic but not necessarily fair value for us, and it's much less than what I had in mind as my target price. ;-)
EricDraven
Posts: 23,409
Off Topic
Opinion:No Opinion
Price:3.25
BringMyReward/3cardbrag
Sat 17:42
I'm sure we had to prove the process was environmentally viable before ZEMA approved our EISA for the lead and zinc. If we could prove it on paper, it had to also then be proved in testing. Otherwise ZEMA would just be a worthless entity and approve any application which was addressed to it. In which case, our EISA may as well just have been a single page submission with a brief explanation and a photo of a horse's c.0.ck.

You see what I mean. Our process had to be proven to work. The methodology, backed up by the testing, which ZEMA could then monitor. On site!

Hence, for any offer for BMR, from our side of things, we would include proof of the processing pudding. It doesn't matter that we aren't currently producing. We've tested and tweaked until we are blue in the face, with ZEMA satisfied.

Lead and zinc Kings of Kabwe. Lol.

Only my view, of course.
EricDraven
Posts: 23,409
Off Topic
Opinion:No Opinion
Price:3.25
BringMyReward
Sat 17:19
I think you are way out with that 10p. That's only a penny, old money. It's the asset value, not the market value which would be considered. The potential.

In my view. You said 10p because you are fed up. Lol.
EricDraven
Posts: 23,409
Off Topic
Opinion:No Opinion
Price:3.25
ChimeyBleue
Sat 17:16
Hi Chimes. Hope that you are enjoying your holiday. It remains to be seen what will actually happen for us, and if production will be achieved. We are on track for it, of course, but if the right offer came in, I believe Alex would consider going down that route. More likely I would say simply because he has multiple other interests to keep him busy without the hassles of BMR. For example, ZEMA, ACI, suppliers, loafing bas.t.ards on the ground at Kabwe (other than himself, lol) etc.

That said, he may however be very happy with our snail's pace progress, because while we aren't bought out, this does ensure a very decent wage for him each year, for blatantly doing very little, or should I say, for being seemingly very much hands off in terms of running BMR. In fact, letting every timescale slide, v JORC, v EPB, ACI, could actually be a crafty strategy of his. A strategy just for his own benefit. Genius!

Howl.

In my opinion. Tongue in cheek though obviously................but only slightly.

:-)

Cheers Chimes.
3cardbrag
Posts: 2,364
Off Topic
Opinion:No Opinion
Price:3.25
BMR
Sat 13:11
That's exactly the point. These dumps lay on the ground for decades as mine owners didn't think the minerals could be extracted profitably. We came along and bought them for diddly squat on the supposition we could do it. But unless we can prove the process works, they are still worth diddly squat. Even if prices double from here.
BringMyReward
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:3.25
RE: Valuation
Sat 12:13
Oops, pressed post by accident. Could also be $2b worth of metals in the ground, but we are only paying $1m for it? So you see my point?
BringMyReward
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:3.25
RE: Valuation
Sat 12:09
ChimneyBleue, if you was going to buy a company, would you want to buy one that could prove it was making a profit, or one that has zero revenue and no proof that they are able to make a profit?

Our assets may be worth $2b, but until we can actually sell the stuff, it's not worth a lot on the market. Take Star Zinc for example, we are in the process of buying the license for $1m and there could also be
3cardbrag
Posts: 2,364
Off Topic
Opinion:No Opinion
Price:3.25
CB re 10p
Sat 12:04
Can't see us being worth much more than that prior to production. Only then will we know if upscaled process works. Can't see a multi paying top dollar for untried process. Imho




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