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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 1.85Bid: 1.75Ask: 1.95Change: 0.075 (+4.23%)Riser - Berkeley Min.
Spread: 0.20Spread as %: 11.43%Open: 1.775High: 1.85Low: 1.725Yesterday’s Close: 1.775


Share Discussion for Berkeley Min. (BMR)


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EricDraven
Posts: 14,618
Off Topic
Opinion:No Opinion
Price:2.28
View Thread (2)
Jeremiah99
4 Sep '14
Yes, if this chugs along for the next few months, I don't mind that, but beyond that will be stretching it a bit. The market wants to see what will happen now BMR has the ZEMA vote of confidence. Good point re the off-takers, they won't fall for any MA stalling tactics while he waits for prices to rise. Fair deals can be struck now.

Still thinking once we've proved a working model at Kabwe, we'll be sold though. Just my personal view. If nowt happens until the metals prices rise, this will add to my theory.

Have to see.

Ooh, sp up a bit. Lovely.
 
EricDraven
Posts: 14,618
Off Topic
Opinion:No Opinion
Price:2.28
doubleorquits8/BillyT
4 Sep '14
We'll have to wait and see. Value can be worked out, even if we aren't producing anything, MA will factor in the 'onny/offy' button, or production costs. Going back to the underground ore bodies, and whatever isn't JORCed. That doesn't matter to the Chinese, as they have their own equivalent method to JORC, so the value there won't be a miserable one, i.e. just because it isn't JORCed.

As for the new brokers, I think when they saw the asset sheet and no figures whatsoever, they collectively spontaneously combusted mid-read. Lol.
Jeremiah99
Posts: 2,843
Off Topic
Opinion:No Opinion
Price:2.28
View Thread (2)
RE: Jeremiah99 - Your 7:10
4 Sep '14
Thanks Eric. I also thought they may have a particular metals price in mind after which they'd start cranking things up, either that or a fixed date, whichever is sooner - say the start of next year. Just early enough so the offtakers are not tearing their hair out watching the prices rise.
Jeremiah99
Posts: 2,843
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (3)
RE: Off takes
4 Sep '14
Agreed, they can factor in discounts etc but why begin processing and selling our best grade (17%) asset the WPS while prices are low when we could be getting a much bigger margin if we waited till nearer 2016? A 50% rise in metals prices would probably translate into 3x - 4x rise in profit margins since the fixed costs will be the same.The WPS will only last 4 years so why risk selling a good chunk of it for much less than we could later on? The difference in revenue could be $many millions. OK it's concentrates rather than metal so margins will be proportionately less, but the same principle should apply.
yaardvark
Posts: 185
Observation
Opinion:Strong Buy
Price:2.20
View Thread (2)
RE: big buy
4 Sep '14
Yep nice £20k, doubt it's a punt, someone with a bit of info on what's to come perhaps, shareprice up 5.8%
WazBlue
Posts: 76
Off Topic
Opinion:No Opinion
Price:2.20
So
4 Sep '14
Being quoted 2.27 to buy through barclays, which appears to be at a premium to the spread
BillyT
Posts: 37
Off Topic
Opinion:No Opinion
Price:2.20
Lol
4 Sep '14
snap doq8! Thinking the same on valuation question.
doubleorquits8
Posts: 170
Off Topic
Opinion:Strong Buy
Price:2.20
Billy
4 Sep '14
They have achieved circa 40% concentrate log lead and zinc which has a traceable value on the metal concentrates market which tracks the LSE prices. So they can be valued on that basis.
BillyT
Posts: 37
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
RE: doubleorquits8/BillyT
4 Sep '14
Thats right ED rising prices positive for direct company sale or raising capital investment. At the moment what is it they actually have to sell though? Difficult to value and sp to low. What will be a game changer?
doubleorquits8
Posts: 170
Off Topic
Opinion:No Opinion
Price:2.20
Eric
4 Sep '14
Yes, fair point, total valuation would improve with increased profitability.

Talking of valuations, have our new brokers / advisors WH Ireland pulled their fingers out and produced a brokers report?



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