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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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EricDraven
Posts: 15,801
Off Topic
Opinion:No Opinion
Price:1.08
kassam83
13 Nov '14
We'd get justice served. Probably wouldn't get anything other than that. As ever, my opinion only.

That is worse case. The man may well be in the clear, and I trust that he indeed is. Maybe others have let him down. The point is, we don't know what's happening or has happened prior. News content, communication, has been utter crap for far too long. AB has to sort this out for us, and in doing so, inform the market that BMR is going in the right direction. Simple as that.

Cheers Kass.
 
EricDraven
Posts: 15,801
Off Topic
Opinion:No Opinion
Price:1.08
seismicboy
13 Nov '14
I know mate. I think we'd all like to see a full DFS, and we now have to wonder where it is. Why isn't the Company issuing value-enhancing news, which should at this stage be available for issue? Much still hidden. No copper processing. It does appear that we won't ever produced at this rate. Surely they aren't having a problem with the 'on/off' switch on the processor? Could be dodgy electrics, or has MA misplaced the only Allen key? Lol.

As you said earlier, laughing, but it isn't funny really. At this moment in time, because there is a mystery over the lack of copper production, I am tempted to think that we are being expertly audited ready for a takeover. I shouldn't perhaps be thinking that, but it seems that after ZEMA approval, EPL has done bugger all, and it doesn't look like it was ready to roll out the processing, as many of us thought it would be.

Not good.

Trying to stave off my own neural fermentation, but news needed.

Cheers Seis.
kassam83
Posts: 1,383
Off Topic
Opinion:No Opinion
Price:1.08
MA
13 Nov '14
What could us shareholder gain from such fraudulant management if it was to be true? do we get compensation? if so who pays this? Does the company go bust? Will whatever MA has acheived become void?
seismicboy
Posts: 1,292
Off Topic
Opinion:No Opinion
Price:1.08
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RE: seismicboy
13 Nov '14
It could still go either way. One big announcement of finance or JV may just save our skins.
I want to see a full DFS that includes the non-WPS material, it seems to have been pushed onto the back burner for too long. I can't get my head round the copper thing though, we may have been dealt a blow with SZK shutting down, they may have been both our source of acid and the purchaser of the cement. But the 'substantial expansion'? what's all that about? Hint of big things to come or raving?
EricDraven
Posts: 15,801
Off Topic
Opinion:No Opinion
Price:1.08
evershrewd
13 Nov '14
Thanks for that booster. If MA has been a proper Berkshire, on purpose, and with anything dodgy at our expense, then he'll be brought in to face the music, whether he's ill or not.

In my opinion of course.
EricDraven
Posts: 15,801
Off Topic
Opinion:No Opinion
Price:1.08
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seismicboy
13 Nov '14
Excellent points made. I'm weeping, but excellent points. If Hunan has this supposed army of geologists and so many departments designed to deal with all aspects of everything metal, then why no mention of Hunan again since last December, in the BRR audio? I have to agree that we've had Feilong, Ascot, Hunan involved, and although there may be solutions to optimal processing of everything that BMR has, why haven't we been informed of how, when, and related updated profit margin predictions?

The RNS news has also referred to us having a copper cementation processing plant at Kabwe, with a 92% yield from the copper oxide during testing. We must have this plant, because if we haven't and have been blatantly deceived with purpose, then I believe as shareholders, we have course for legal action. I am therefore trusting, that at least we do have this copper cementation plant.

As for the sulphuric acid, who knows?

I have to concede, that although I am positive, due to our assets, licences and clearance from ZEMA, that the Company in general appears to be one giant mess for AB to sort out, not only in terms of this financial discrepancy, but also in who we still have working for us, what they have done or couldn't undertake, why we aren't processing, how we will finance going forward, JV or borrowing against the assets, and so on.

We shareholders are now entering a period where, whether optimistic, pessimistic or neutral, because we are in this limbo, we perhaps now require further news on these other aspects, to keep us from mentally festering and assuming the worst case scenarios for everything.

Because of the temporary suspension, I feel it is human nature to fear a situation worse than the reality may be, but it's up to BMR to allay these fears and diistribute a bit of long overdue positive news, to raise levels of shareholder confidence, which for some of us, has apparently reached rock bottom.

Let's see how AB manages this situation while BMR is temporarily suspended, because it is becoming increasingly difficult to manage everything ourselves. We certainly need uplifting news, and it has to be before the suspension ends, or we could be in trouble when this resumes trading.

What a time we're having. Lol.
seismicboy
Posts: 1,292
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Opinion:No Opinion
Price:1.08
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RE: RE Doomsday Scenario
13 Nov '14
I think it's a gimme that the copper plant is there in Kabwe. What is more important is that it's not switched on. Why would a company that is short of cash suddenly avoid a $250.000 per month income to change the scope of the copper project knowing they will be broke by the time any 'substantial expansion' is complete? It does not make sense does it?
Where's the money for 'substantial expansion' coming from? It's laughable but I don't find it funny. What was he thinking when he wrote that? I think he was removed because the RNS was a work of pure fiction.
evershrewd
Posts: 101
Off Topic
Opinion:No Opinion
Price:1.08
Just assume
13 Nov '14
that BMR will eventually disappear into thin air and that your investment will be worth 0.0p. That's what I have done, and then anything better than that will be a bonus. I think time will tell that MA has been a complete rhymes with a synonym for having a bet
Barno
Posts: 79
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Opinion:No Opinion
Price:1.08
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RE: I confess
13 Nov '14
It's no consolation........but you aren't the only one!
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.



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