"I have met Massoud on numerous occasions" Yet still got his bl**dy name wrong? First day on the job today Bill? You'll be on yer bike before Friday if this is the calibre of your attempted BB infiltration. I suspect good news is on the way Bill, thanks for the heads up. :-)
Thanks for the advice Eric, but I do not lose any sleep over BMR losses as they have been long since covered by successful trades elsewhere.
I have posted here because when I last looked this was a share discussion board, not a board that is only for people who are invested in a stock and believe it will fly. I felt I could contribute because I have met Massoud on numerous occasions and have been less and less impressed every time I have met him. Also, I think it does all boards good to have contrary opinions posted on them. If everyone all gets into the cult mindset then nobody questions anything and that is not good for anybody.
Do you have some kind of objection to me posting here?
I've not been trading much over the last few years as I always found to do it properly required a lot of time looking at the markets and it was time I did not have due to other commitments. so although AIM oil and mining companies are what I loved I moved most of my shares over to much more conservative investments a couple of years ago. By conservative I mean the type of stuff I don't have to worry about too much unless there is a financial crisis and that requires watching once a quarter rather than 3 times a day). I'm looking at getting back into the more wild west side of things now as my time frees up more.
I have TW., LLOYDS, BP, GSK, ITV and BT as core holdings. I still keep some legacy USOP, RRL, FOGL and XEL as they are just top sliced profit in companies that I still hope will come good, but I am not much interested in the boards on these at the moment as I am not going to put any more money into any of them.
The tings that I am really interested in at the moment are Bitcoins and other alternative currencies as I made a lot of money (accidentally really) buying them last year and I can see some real cash to be made trading them. In terms of shares in the natural resource area the only recent thing that I have invested in is BMZ. A mate of mine who has done a ton of research in BMZ put me onto them and I can see potential for a massive gain if/when they go into production.
Apart from that am looking for new things to invest in - LGO is sounding good from what you guys are saying but I have a lot of research to do before I'll hand over and money for them - again, no offence meant to the share, I just don't (generally) invest without knowing as much as I can about what I invest in - though I confess to getting carried away with the odd chancing punt every now and again...
Hi Bill. Thanks for the response. If you are no longer invested here though, why pop up to waste your time on it? Surely it can't be just to warn us of the perils of investing in BMR? Lol.
We know the risks, the way things are run here. It's a pity that you lost out on this share, but perhaps better to let it be now and focus on stocks in which you are still invested. Hopefully you'll have a better experience elsewhere.
I can't remember the names of the people who originally provided the excel document to me - but it is good stuff. I have a lot of work of my own that I did on BMR as well but this stuff was the most coherent that I had in my file. Happy to share some of my own work on this company later if you are interested. At least it might make somebody some money,
No worries, like everyone, I'm looking to understand what's going on and what we can expect, always value you comments and those of (most) others. Seismic has just listed a whole load of things that we need to understand. I have to believe that we haven't been given all the answers in order to protect out longer term value.
Waiting to see the news that means you can say "that's what I was talking about". As others noted, respect you for not blurting out stuff on a public bb that should be kept quite until the time is right.
Anyway, it's a lovely evening here, I'm an hour ahead of you chaps in the UK, so will skip out of work "early" & go for a run (well, waddle). Good luck all.
As I have mentioned earlier I no longer hold shares in this stock as I don't trust the management (Massoud in particular) to deliver what the project promises. I don't think that there is anything corrupt or untoward about him, I just don't think that he is the right person to lead this company.
I was invested in this stock before I joined this board and I lost a lot of money on it. I don't think that it is inherently a bad project or I would not have invested in the first place but I do think that it is badly run especially with regard to communication with shareholders which, incidentally, is a matter that Massoud could not care less about.
The project is great. Back in 2011 I could see it being sold out for ten or 20 times it's current price, and perhaps my mind has been unfairly coloured by the losses I incurred but it has been in the doldrums for so long I can't see how it will rise until all the deals have been done or it is sold out and both these things have been imminent for the last 4 years. Timed right this should still make a fortune but I just don't trust any of the timings and so do not want to lock away money for years on a project that may never happen.
FYI I am happy to share some of the calculations that I was working on when I chose to invest back in the day. They are not all my own work but they give a fairly comprehensive picture of what I thought that the upside of this company was at the time. This is the level of research I try to go in before I invest in something, so once you have read it I hope you can forgive my typo on Massoud's name.
I think that is a fair post Seis. The market can't value us at all fairly, if the very details to do so are kept only within the Company itself. MA has to have these figures ready for release. I think the painfully slow organic growth option wouldn't go down too well either. Lol.
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