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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 2.25Bid: 2.20Ask: 2.30Change: 0.10 (+4.65%)Riser - Berkeley Min.
Spread: 0.10Spread as %: 4.55%Open: 2.15High: 2.275Low: 2.10Yesterday’s Close: 2.15


Share Discussion for Berkeley Min. (BMR)


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yaardvark
Posts: 166
Observation
Opinion:Strong Buy
Price:1.95
View Thread (5)
RE: BMR
19 Aug '14
Indeed, the Copper mine in the DRC is Glencore's :-)
 
BillyT
Posts: 26
Off Topic
Opinion:No Opinion
Price:1.95
View Thread (2)
RE: Trendy
19 Aug '14
Agree ED why would they give or allow him 3 years to start zinc/leadproduction when the EIS programme showed it starting last year!?
BillyT
Posts: 26
Off Topic
Opinion:No Opinion
Price:1.93
View Thread (5)
RE: BMR
19 Aug '14
It is the first time they have mentioned DRC but a possible trading connection link has been mentioned before but not so exciting as GC.
backs999
Posts: 373
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.93
ill be happy
19 Aug '14
when nite have to move off the ask for starters
EricDraven
Posts: 14,253
Off Topic
Opinion:No Opinion
Price:1.93
View Thread (2)
Trendy
19 Aug '14
Hmmm, interesting. Approval content aside, which was obviously the main reason for the RNS, the RNS itself I felt was a bit lacklustre. No timescales for anything again, the rest of the content was a bit general, to keep us guessing. We await off-take news with whomever that may be, we await a date now for us actually commencing the copper production, a date for the start of the final metallurgical testing on the zinc and lead (though testing "intended" only, not stated as "will" test) and projected timescale for that testing if it comes about. The general stuff is there, but the specific details are missing. I thought we may have these, but I perhaps should have known better.

All I'm suggesting is, while the main news is outstanding, what we all wanted, the rest of the news poses many questions again. It's that little lack of information specifics moving forward that may be one reason for the somewhat subdued response to what is, after all, stunningly good news overall. A more detailed RNS about the "what next and exactly when" would have seen the sp react more favourably I think, as people, especially potential investors want to know timescales and so forth before getting into a share. MA has, again, left this open.

I'm not arsed, just glad we had approval, and in fact most of us long-termers here are used to the usual RNS pearls of anti-wisdom, but it may part answer your question. Some people, particularly potentially new investors looking in, won't like the uncertainty of the Company's next steps. The unknown timings for those steps.

Cheers Trendy.
RedcarAndy
Posts: 385
Off Topic
Opinion:No Opinion
Price:1.93
View Thread (3)
RE: Rerate on horizon?
19 Aug '14
Hah Jeremiah, I thought the same, think I'd be funding a rather large party at various beer makers if it got to £1+

5p for starters then somewhere up to 15p-ish would be lovely
Jeremiah99
Posts: 2,742
Off Topic
Opinion:No Opinion
Price:1.93
View Thread (3)
RE: Rerate on horizon?
19 Aug '14
£1-1.50? Wrong BB, surely? I think you must mean TSCO. :-)
yaardvark
Posts: 166
Observation
Opinion:Strong Buy
Price:1.95
View Thread (5)
RE: BMR
19 Aug '14
Harl, I think there is clue in the RNS regarding Glencore " For copper production, EPL's plans are for a cementation process to produce concentrates from ores to be secured from Zambia and the DRC via EPL's trading connections"

Glencore get their copper from DRC and they are on the doorstep and this is the first time BMR have mentioned sourcing copper from there, I have thought for a long time that BMR will process any copper destined for the Glencore sable plant while it is converted back to lead and Zinc. We know there must be some agreement between them as has already been briefly mentioned in a previous RNS in the past.

Glencore could have kicked off during the approval process but they seem all too happy to have company on their doorstep also processing Copper, that to me means they have other plans for their current copper plant!

Can't wait to find out !
DavidDavidson
Posts: 81
Off Topic
Opinion:No Opinion
Price:1.98
Numptybumpty
19 Aug '14
You are correct about price rise, I seem to a have a dose of selective memory.
DavidDavidson
Posts: 81
Off Topic
Opinion:No Opinion
Price:2.00
Trendy
19 Aug '14
Was just posting something similar about being underwhelmed by the SP progress on this game changing news. I was having a right moan and the read MR tickles post. I agree totally with you 2.6 on a false rumour and nowhere near what I was expecting on official news. But its still early and they do like to mess about with the price.
Glad I am not the only frustrated and confused investor.



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