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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: 0.00Low: 0.00Yesterday’s Close: 4.875


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 848
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 10:34
Not sure if a placing when we were at 9p would have been viable. It's not like we stayed at 9p for very long, and back then we all believed we were close to getting money from ACI. A few months later and it's a whole different story!

I think Alex needs to suspend the agreement with ACI if they don't cough up this week. The longer we leave it the more vulnerable we become. Our only hope might be to sign another deal (which might not be as good, but will at least fund us through to production). Or we have no choice but to raise with a placing. Either option is better than letting ACI play us like fools!
 
mikebassetts
Posts: 1,232
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 10:21
this is where AB should have been more proactive and done a placing when we hit 9p.£1-2m in the coffers then would have put us in a very strong position..
even now a placing at say 3.5p for £2.5 is still an option.

don't shoot me down this just my opinion
BringMyReward
Posts: 848
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 10:08
I agree with NCK. We would have completed in depth DD. It's not like Alex would have just looked on the ACI website like you have and thought, yeah let's do business with these guys lol. I believe ACI have got the money or could easily get the money, but I'm starting to get the feeling they could be up to no good. This week might just reveal what's really going off.
BringMyReward
Posts: 848
Off Topic
Opinion:No Opinion
Price:4.875
ACI
Today 09:56
I’m back, couldn’t stay away. Regarding all the talk about ACI, I have also been thinking are they up to no good? In the beginning they said they would lend us a few million in return for an offtake agreement. That few million turns into $5.2. Almost sounds too good to be true? They tell us we can make the first drawdown once we hit the first milestone. So we hit this and ask for the money.

I might just be having paranoid thoughts, but here’s where the shady stuff starts to happen…ACI then comes up with an excuse and drags their heels until we are low on money. Then it could play out a few ways. A) Another company working on behalf of ACI swoops in with a rescue package, which is highly in their favour and not ours. B) They come in with a cheap takeover bid which wouldn’t be more than 10p (I personally think any bid would get rejected anyway). C) They wait and hope we go bust so they can get their grubby mitts on our assets for next to nothing.

I think if this were to happen, option A or C is the more likely outcome they would be hoping for. It’s AB’s job now to prevent any of the above from happening. Unfortunately this kind of thing happens all the time with AIM companies. Don’t be too hard on me as it’s only my thoughts. I’d like to think the ACI deal will complete, but I am now under the impression that it all seems too good to be true!
NatCoalKing
Posts: 2,999
Off Topic
Opinion:No Opinion
Price:4.875
RE: African Compass International (..
Today 09:33
Lol.

Do you not think bmr have done their own research on aci? That was a significant offtake agreement that the parties entered into. Have you no idea how due diligence works? Whatever information you can find on the Internet just scratches the surface.

Good Good to see new posters posting though. Can be a good sign that news is close.
TigerByTheTail
Posts: 1
Question
Opinion:No Opinion
Price:4.875
African Compass International (ACI)
Today 09:22
I've been following this board for some time but not posting. I've finally decided to ask the question that's on my mind. What makes you all think that ACI actually has any money? Judging by its website it is not a serious operation at all - it hasn't even updated its news section for over a year. I hope BMR really do have other financing options, because I don't imagine ACI will ever come up with the money. Friday's RNS worries me greatly, and I expect the share price to crash further tomorrow.
Eowyn
Posts: 20
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 07:27
Thanks for this, very well explained!
plumbus
Posts: 98
Off Topic
Opinion:No Opinion
Price:4.875
RE: Lest we forget
Today 07:06
Fireball Thanks for taking the time and effort with that detailed explanation - Clearer now and much appreciated.
FireballXL5
Posts: 1,030
Off Topic
Opinion:No Opinion
Price:4.875
Made the Guardian
Sun 22:00
https://www.theguardian.com/environment/2017/may/28/the-worlds-most-toxic-town-the-terrible-legacy-of-zambias-lead-mines

Not entirely accurate as Black Mountain is in Kitwe and a by product of copper. Some of the photos also look suspect. I thought the WB funding had been signed off.




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