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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 1.325Bid: 1.30Ask: 1.35Change: 0.00 (0.00%)No Movement on Berkeley Min.
Spread: 0.05Spread as %: 3.85%Open: 1.325High: 1.325Low: 1.325Yesterday’s Close: 1.325


Share Discussion for Berkeley Min. (BMR)


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mr_tickle
Posts: 1,605
Off Topic
Opinion:No Opinion
Price:1.33
Vitod
Today 12:53
No one knows for sure! All we know is that the sp keeps being held in a range for some reason, whether this will change when the ZEMA approval come through...know one knows!
 
SteelyDan
Posts: 240
Observation
Opinion:No Opinion
Price:1.33
warrants
Today 12:22
Thanks for your replies scubaz and lionheart.

Of course the other thing to say is that with there being no trading tomorrow or Monday because of Easter weekend, it really doesn't leave very much time at all - only two-and-a-half trading days from this moment, to be precise - for volume to be high enough to shift the remaining warrants before then IMO. I would guess we'd probably need a couple of 40m volume days to clear them now before next Thursday, but that's only a guess and I could be wrong. All of that considered I think it likely some portion of the warrants will be extended for 3 more months, but would be delighted to be way off the mark!

Time will tell.
Vitod
Posts: 17
Question
Opinion:No Opinion
Price:1.33
Warrants
Today 12:17
Correct me if im wrong but the actual exercising of warrants wont actually show in the trading volume will it as there is no market trading taking place? If this is the case the volume will only increase significantly if the warrant holders are then selling into the market. Does this not mean that as long as the warrants are exercised before the 24th any trading/selling of them can go on into May, etc?
scubaz
Posts: 10,218
Off Topic
Opinion:No Opinion
Price:1.33
steelydan
Today 12:05
That's a fair comment, Time will tell, hopefully we will get news over the next week that more warrants have been shifted but its guess work at this stage.
L1onheart
Posts: 1,928
Off Topic
Opinion:No Opinion
Price:1.33
SteelyD
Today 11:59
The only saving grace is that I do think a pretty substantial volume is being shifted at 1.35p and I reckon that's Warrant holders telling a particular MM to be Open Ended @ 1.35p imo.
harlequin
Posts: 3,556
Observation
Opinion:No Opinion
Price:1.33
Lion
Today 11:57
Thanks but I thought "only" 24 m need to be exercised by 24th or is it the whole lot. I think we must have shifted quite a few over past week.
SteelyDan
Posts: 240
Observation
Opinion:No Opinion
Price:1.33
lionheart
Today 11:56
Morning all, i agree with you Lionheart that IMO it is by no means a certainty that the remaining warrants won't be extended on April 24.

Can anyone here supply a compelling argument as to why THIS TIME is so different, and they won't be extended for a sixth time on or before April 24?

Yes, according to the last RNS we should "definitely" get a Zema decision by end of May, but the April 24 warrants deadline is only one week away, and volume in the last 2 weeks, while much better than for months previously, still doesn't seem to me to have been enough to shift the remaining 88m warrants that are outstanding - not as yet anyway. For one thing, a big chunk of the volume last week was plainly 'bed & isas' taking place, and not warrants being put through.

While I am encouraged by Tuesday's RNS as we all are, can anyone compellingly argue that the warrants won't be extended another 3 months to July 24 on or before next Thursday, and therefore potentially remain a big drag on the SP until late July? I would value any cogently reasoned responses if anyone feels like giving them.

All the best to all genuine long-termers here,

Steely D
L1onheart
Posts: 1,928
Off Topic
Opinion:No Opinion
Price:1.33
Harle
Today 11:51
From the last Warrant RNS on 14th of this month:

"Accordingly, there are now a total of 88,513,379 warrants at 1.25p still outstanding."
L1onheart
Posts: 1,928
Off Topic
Opinion:No Opinion
Price:1.33
Wassatt
Today 11:48
Morning chum. But he also reduced the Exercise price from 6p to 2p on August 9th last year.
harlequin
Posts: 3,556
Observation
Opinion:No Opinion
Price:1.33
Lion
Today 11:48
Remind me is it 24m we need to clear by April 24 ? These warrants have been a total pain but suppose better than placings



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