According to some, BMR has done naff all over the last few months so the cash burn would have been far less than normal. Results out at end of November will give us a better idea of where things stand rather than trying to second guess whether a "massive dilution" (lol) is on the way.
during the testing progress, and the equipment purchase, i can see an accelerating money burning speed, say the rate is 150k per month before, now i assume it is at least 300k per month, if we cannot hear anything by the AGM. we need to see another dilution, considering the sp without production by agm, a massive dilution.
Hi mate, yeah I've had a small punt on Oxus last month so fingers crossed it comes good. Re BMR its obvious they know squat about mining so once they get a reliable 3rd party to provide expertise and resources to actually process something then this share will eventually kick on but not for another 6 months at least imho.
Why would there be dilution now, when the last RNS states that they are reviewing proposals for co-financing from interested parties. An agreement potentially be in place very shortly, a matter weeks perhaps. Val, in your opinion, is dilution a likelihood considering what is on the table? Cheers
BMR has investigated all processing possibilities for its zinc and lead resources including:
Leaching; Flotation; Smelting and kiln; and Multi-Gravity Separation Systems
"After undergoing EXHAUSTIVE metallurgical test works, utilising all the known extraction processes, Ascot concluded that the following broad metallurgical processes could be utilised on the tailings material at Kabwe." ie the DFS
so, i was hoping that the bmr sp would really kick on following the recent approval, however the opposite appears to have happened now and seem to be back to square one. is there an underlying reason for the drop drop drop? is it time for a top up? what next for bmr and the sp?
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