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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 1.075Bid: 1.05Ask: 1.15Change: 0.00 (0.00%)No Movement on Berkeley Min.
Spread: 0.10Spread as %: 9.52%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 1.075


Share Discussion for Berkeley Min. (BMR)


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WazBlue
Posts: 88
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
I confess
13 Nov '14
That I am nervous as hell. Please let us have some news.
 
getcarter
Posts: 5,055
Observation
Opinion:No Opinion
Price:1.08
Kassam
13 Nov '14
I am leaning towards your post, on AB recovering some of this 4.3 million. There might just be the 1 anomaly and not others like some people think. Maybe I'm being over optimistic, time will tell. Has MA told us lie,s, if he has he's being doing this, why the Ambulances and other gifts etc. due to this, you would think not. Maybe MA has made 1 big cock up, or someone has done a dirty deal on the price of something. We can all, but guess.
DavidDavidson
Posts: 185
Off Topic
Opinion:No Opinion
Price:1.08
RE: Musings
13 Nov '14
It could be anything but as usual we are left guessing because if there is one thing this company does well its keeping its shareholders completely in the dark.
kassam83
Posts: 1,383
Off Topic
Opinion:No Opinion
Price:1.08
RE Musings
13 Nov '14
Could it that lawyers and accountants have been brought into to recover the money or atleast some of it which would surely help up finance the tailings project..??
mushty
Posts: 289
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
RE Doomsday Scenario
13 Nov '14
EPL has received and is reviewing a proposal for supplies of copper feedstock concentrate which would call for substantial expansion of this facility.
It could well be copper plant is there,the extra expansion parts are missing,that were paid for.
mushty
Posts: 289
Off Topic
Opinion:No Opinion
Price:1.08
RE Doomsday Scenario
13 Nov '14
Kiwi said he was told there is no plant there,so is ma lying then.

COPPER PROCESSING

Following the successful Proof of Concept trials which resulted in production of 92% grade cement from EPL's copper plant at Kabwe in February 2014, further work was halted pending the ZEMA decision.

EPL has received and is reviewing a proposal for supplies of copper feedstock concentrate which would call for substantial expansion of this facility.
Magicgav
Posts: 11
Off Topic
Opinion:No Opinion
Price:1.08
Musings
13 Nov '14
The questions I keep asking myself are as follows:-

Have AB and others visited Kabwe on more than one occasion in the last 12 months? If so, and there is indeed an issue with missing / overvalued / unsuitable plant (as some appear to suspect) how come it has only now come to light?

How could missing / overvalued / unsuitable plant remain undetected in audited accounts?

If the situation was simply a case of issues regarding plant, why would lawyers and independent accountants be required? Surely such a position could have been remedied by a swift adjustment to previous accounts.

If there is "no plant" as some have alluded to, how could the previous analyticals have been released within earlier RNS's and who in their right mind would risk comitting such facts to an RNS if there were doubts regarding their authenticity?

Is the suspension primarily a preventative step designed to stop the share price falling below nominal value, thus preserving the company's ability to raise funds via dilution?

Did the falling share price pose a threat to a funding agreement that was still being finalised?

I hope all will be revealed sooner rather than later.
seismicboy
Posts: 1,290
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (3)
RE: Doomsday Scenario
13 Nov '14
well, if the theory is correct, who will want to buy us? The steady stream of processing experts coming in then out the door always puzzled me as has the fact that after all this time the company have still to confirm they have a technical solution to process what is the majority of the tailings. Has MA been stalling while in the background the consultants have been struggling to find solution?
SAUSAGEFINGERS
Posts: 1,521
Off Topic
Opinion:No Opinion
Price:1.08
The problems we have here
13 Nov '14
are if AB uncovered the 4.3million within weeks of being appointed what else will be uncovered with a forensic audit?

Also asset value is of no consequence if buyers are nowhere to be seen and we are not in a position to process.

Sorry to be so negative guys but my support is waning - need an update rns
Kiwi_
Posts: 5,545
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (3)
RE: Doomsday Scenario
13 Nov '14
Lots of very valid questions there Seismic, if we run out of money would that not give a potential buyer leverage in negotiating a t/o price down (e.g. Mates rates)?

Ok, so the lawyers and accountants need time to investigate the anomaly, there are still many other questions of which could be answered in the interim while we wait. What if there are other anomalies?



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