We own EPL, but nobody owns BMR yet does it? Not yet. Good point you make re value, but I suppose this will be revealed in later news, or how else can the market possibly give us a fair (bear market considered) market value?
Let's see what's lined up on terms if news. Still difficult to convince me of production though.
Let's not forget that though. The mms will want us to feel despondency creeping in. They will be chuffed to the nipples with no timescales mentioned in today's news. It means they can dabble with our minds further. Remember, be strong, an enormous milestone achieved today, regardless of a toned down RNS. The mms will want our shares when the coming news arrives, so hold tight and don't look at today's sp, keep your shares safe and project darlings, project.
3CB, all licences etc are in the name of EPL. Whoever owns BMR own EPL. There is an equivalent of mergers/monopoly commission who have to approve takeovers as they did with Glencore / Metorex(Sable). I doubt zema or anyone we have dealt with so far would make any provisos like that. Sometimes it takes JV / funding / takeovers to get a project to succeed. If it meant the difference between success or failure, why get in the way? Reason for token rise IMO - still no clue as to where we are going / what value BMR has. Market no likee
Just my thoughts on the RNS. It could have been absolutely stunning iin line with the groundbreaking approval milestone, yet it wasn't. A pity, but why?
All the more reason to feel the big news, or alleged big news is that of a buyout. I may be completely wrong, and I do want Kabwe cleaned up, but it was just another humdrum RNS, another dangler, when the opportunity was there to really make an excellent impression and show everyone that now we do have this approval, here's when we are going to take BMR into production, into this next stage. For example, MA could easily have said the copper production would begin next week or something like that. Bam!
Never mind. Let's see what the next installment of news reveals.
Being invested here is a bit like playing the game Hangman isn't it?
"MA, is there a 'V' in the word? No, no 'V', right. Is there an 'H' in the word? No, no 'H', right. Let's try a 'G' then. Is there a 'G' in the word? Ooh, there is, starts with a 'G'. Right. Is the word 'GLENCORE'?
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