Within 60 days once we actually start the approval process. We are not at that stage yet.
'The Company has contracted JA Consultancy, based in Lusaka, Zambia, an Environmental Specialist organisation, to prepare, present and assist in securing approval for a further Environmental and Social Impact Assessment (ESIA) from ZEMA (Zambia Environmental Management Agency).'
Zinc has been dropping nearly 10% off recent highs to add to our woes. Not that the price will matter until we actually have a fully functioning processing plant.
No dates given in RNSs to cling onto so a case of waiting and waiting some more.
There's your answer. Doesn't look like anyone can be bothered does it? Pity, but I think it's fair enough, as we are all waiting for the next news and our enthusiasm appears to be minimal, considering prior turmoil. We need more upbeat news here now and in the absence of such I feel that is what is keeping us from posting.
I can't recall a timescale for ZEMA being mentioned, but I wasn't at the AGM unfortunately. It's a question of waiting it out. At least we know they were working on the pilot plant design, but not sure which stage they are now at with it. I'm sure if it had recently been finalised and the plant prepared ready for it to swing into action, we would have had an RNS. Perhaps we'll be hearing something positive from AB after the latest Greek tragedy is out of the way.
Sorry I couldn't be of more help, but I thought at least your post warranted a response.
Yes, just to be clear, I mean only getting more people interested, as in normal investors out there, with the current amount of issued shares remaining the same. I don't mean more shares to be issued to new investors. I can't see how any interest in the usual way would be a bad thing. If folks want our shares, it will push up the sp, without dilution occurring. I agree with you on the rerate front, but I feel news will have to be that we have either finally become a producer or our other written-down assets are miraculously proven to be worth a bundle after all. Lol. Never say never eh?
I would like to think that we could hopefully get there without the need for new shareholders. Bringing new investors in only serves in my experience to cause dilution to existing shareholders who are trapped at higher averages. Granted, buying demand pushes up prices, but surely a re-rate would swiftly follow successful production/profit without significant buying pressure. We live in hope.
I agree. We all got stitched up by MA, except for those in his inner circle at Derby Street. I'm only concentrating on the fact that the Company must have been worth saving. There is obviously real value in the dumps and it now looks like they can be processed. Have to see, but very difficult to be optimistic again until we see proof. It doesn't matter that AB may have been stunned by his findings here, what matters is how he can now get BMR into the good books of the market, so that potential shareholders start to become interested.
I'm not the most technically gifted person to answer those questions. That's putting it mildly mate. My thoughts are that a pilot plant is obviously smaller scale than a full processing plant, but not certain if it's a case of simply installing more of the same processing equipment, or having to physically build a larger framework for the plant altogether. We don't know the actual design do we? Only that Jeremy and the guys were working on it. Have to see. That's all we can do. At least we know that they have the method of production sorted, it works. Just needs to be optimised for the plant and all being well, away we go.
Hard to get excited though yet. More news required I reckon.
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