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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 1.725Bid: 1.65Ask: 1.80Change: 0.00 (0.00%)No Movement on Berkeley Min.
Spread: 0.15Spread as %: 9.09%Open: 1.575High: 1.725Low: 1.575Yesterday’s Close: 1.725



Share Discussion for Berkeley Min. (BMR)


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EricDraven
Posts: 13,696
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (3)
BillFence
16 Jul '14
Hi Bill. Thanks for the response. If you are no longer invested here though, why pop up to waste your time on it? Surely it can't be just to warn us of the perils of investing in BMR? Lol.

We know the risks, the way things are run here. It's a pity that you lost out on this share, but perhaps better to let it be now and focus on stocks in which you are still invested. Hopefully you'll have a better experience elsewhere.

Regards.
 
BillFence
Posts: 54
Off Topic
Opinion:No Opinion
Price:1.65
BTW
16 Jul '14
I can't remember the names of the people who originally provided the excel document to me - but it is good stuff. I have a lot of work of my own that I did on BMR as well but this stuff was the most coherent that I had in my file. Happy to share some of my own work on this company later if you are interested. At least it might make somebody some money,
steveauty
Posts: 3,769
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (2)
Bill
16 Jul '14
You done the boards today where are you. Invested as a matter of thought
ChimeyBleue
Posts: 193
Observation
Opinion:No Opinion
Price:1.65
RE: RE: harl
16 Jul '14
No worries, like everyone, I'm looking to understand what's going on and what we can expect, always value you comments and those of (most) others. Seismic has just listed a whole load of things that we need to understand. I have to believe that we haven't been given all the answers in order to protect out longer term value.

Waiting to see the news that means you can say "that's what I was talking about". As others noted, respect you for not blurting out stuff on a public bb that should be kept quite until the time is right.

Anyway, it's a lovely evening here, I'm an hour ahead of you chaps in the UK, so will skip out of work "early" & go for a run (well, waddle). Good luck all.
BillFence
Posts: 54
Research
Opinion:No Opinion
Price:1.65
View Thread (2)
RE: BillFence
16 Jul '14
Eric,

As I have mentioned earlier I no longer hold shares in this stock as I don't trust the management (Massoud in particular) to deliver what the project promises. I don't think that there is anything corrupt or untoward about him, I just don't think that he is the right person to lead this company.

I was invested in this stock before I joined this board and I lost a lot of money on it. I don't think that it is inherently a bad project or I would not have invested in the first place but I do think that it is badly run especially with regard to communication with shareholders which, incidentally, is a matter that Massoud could not care less about.

The project is great. Back in 2011 I could see it being sold out for ten or 20 times it's current price, and perhaps my mind has been unfairly coloured by the losses I incurred but it has been in the doldrums for so long I can't see how it will rise until all the deals have been done or it is sold out and both these things have been imminent for the last 4 years. Timed right this should still make a fortune but I just don't trust any of the timings and so do not want to lock away money for years on a project that may never happen.

FYI I am happy to share some of the calculations that I was working on when I chose to invest back in the day. They are not all my own work but they give a fairly comprehensive picture of what I thought that the upside of this company was at the time. This is the level of research I try to go in before I invest in something, so once you have read it I hope you can forgive my typo on Massoud's name.

You can download the excel doc from here if interested http://www.filedropper.com/bmrfigures2-copy

It is entirely possible that there are bits in this doc that are now wrong but they were accurate 3 years ago. I hope it helps you with your investment.

At the very least it will demonstrate that I believe in the resource - I just don't believe in the management. I also think that there are better (quicker) resources out there.

Rgds,

Bill
EricDraven
Posts: 13,696
Off Topic
Opinion:No Opinion
Price:1.65
seismicboy
16 Jul '14
I think that is a fair post Seis. The market can't value us at all fairly, if the very details to do so are kept only within the Company itself. MA has to have these figures ready for release. I think the painfully slow organic growth option wouldn't go down too well either. Lol.
FireballXL5
Posts: 71
Observation
Opinion:No Opinion
Price:1.65
ZCCM-IH
16 Jul '14
Does what it says on the tin. Purely an investment company.
harlequin
Posts: 4,154
Observation
Opinion:No Opinion
Price:1.65
View Thread (2)
RE: harl
16 Jul '14
CB not meant as any reposte . Thanks for your posts
seismicboy
Posts: 1,075
Off Topic
Opinion:No Opinion
Price:1.65
??????
16 Jul '14
IMO there will be a modest rise on approval. But after that it will depend on what BMR can give the market in terms of value. They have given us the NPV of 1/7th of the tailings and the projected income for Kabcop., no NPV for underground resource at Kabwe, no NPV for Ndola, Chingola. No idea where the money for kabwe stage 2 plant will come from or plant for Ndola/Chingola. Too many unanswered questions for investors. A lot of it is pie in the sky IMO until details are revealed. Some see the information blackout as shrewd (deliberately duplicitous RNSs according to one individual) , I suspect the market doesn't see it that way. We are heading for a watershed IMO. Massive outside investment, takeover or painfully slow organic growth.
ChimeyBleue
Posts: 193
Observation
Opinion:No Opinion
Price:1.65
View Thread (2)
harl
16 Jul '14
I'm aware of that (I'm a Chartered Accountant by profession) & spend most of my life working across Europe. Not sure the fact ZCCM is registered in London & Paris would prevent such a transaction taking place, you would just use a subsidiary company & they've had long enough to sort it out.

Right, I'll stop on this track now as I don't want to clog the board up in this way, my only interest if for MA to get this over the line.

ljc, go on, throw the dogs a bone, not long before we find out because of the last RNS or something more exciting?



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