ArcticFox, IMO any of the following will get the SP moving. Cash flow, Investment from Hunan or takeover (if this is the case I hope we gat the chance to jump ship at a decent price rather than walk the plank for a few pence)
ZEMA will approve IMO. Bmr have been in constant contact with them. ZEMA want the mess cleared and all the consultants we have employed will have come up with the best solution. MA is probably there now to conclude the deal. If we can hold our nerve the riches are there. GLA
I hope whoever is working on the plant in SA is making hay while the sun shines. ZEMA approval and no plant would be a bit embarrassing? Or do you think there is a relationship between the 2? ie are they waiting on approval before finalising the plant?
BMR SP has been in decline for 2 years. What is going to move this SP up? I fear when it finally does there will be many who have been locked in and are looking to jump ship.
If you plan on telling me I am deramping and know nothing. I have invested in BMR several times, I feel the board has been secretive and untrustworthy much like many Chairman on AIM. what news are we expecting?
This waiting is very waring. I really can not see why MA has not given a comprehensive update as to where this company stands. I guess he must be in Zambia now over seeing the copper plant and in talks with ZEMA. Let's just hope all goes well.
Some investment companies do not like publically stating they are invested in company X or even the AIM in general. If they have or will have >3% they can just have multiple nominee accounts - ...Fund #1, ....Fund#2
Disclosure and Transparency rules dictate where a shareholder hits the magic 3% holding they must inform the company 2 days after the transaction at the latest. The company must then issue an RNS within 3 days of notification.
Depending on the date of acquisition (shares admitted "on or around" 29th January, however exercised 24th January) it could be this week.
All conjecture atm - I'm assuming the 2.75 (ish) % take up will trigger one or more holders to the 3% level. I can't believe the recent (6 month) exercises haven't resulted in a single institution holding more than 3% - unless they are simply exercising and selling, which throws up all kinds of questions.
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