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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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deepbreath
Posts: 403
Off Topic
Opinion:No Opinion
Price:1.08
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RE: Re- Proactive
8 Nov '14
I Agree carter.

I believe we will get positive news that will overshadow the 4.3m potential asset write-off.

Best case scenario, the 4.3m issue is resolved favourably AND we get news about production as well as a financing JV.

Could AB play a blinder hear?
 
REDORDEAD
Posts: 1,316
Premium Chat Member
Question
Opinion:No Opinion
Price:1.08
tailings
8 Nov '14
Is it possible to sign an off take agreement for the minerals above ground and and use this revenue to then focus on the mine? Sorry if this a thick question.
getcarter
Posts: 5,025
Observation
Opinion:No Opinion
Price:1.08
View Thread (2)
Re- Proactive
8 Nov '14
I reckon the next RNS has got to show a direct way forward and not the worst possible Scenario of the Anomaly that AB found. IMO
KlueLoss
Posts: 978
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Opinion:No Opinion
Price:1.08
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RE: Bmr
8 Nov '14
Without some real positive game changing statement upon the resumption of trading we're looking like we're in deep trouble SP wise, could really prove to be a full on disaster of an investment.

Not that 8p down to 1p isn't disater enough we could be joining the realms of other shares who have fallen 90-95% off highs that we had so far avoided. Just fjucking great.

We'll soon find out what AB was really bought in for.
deepbreath
Posts: 403
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Price:1.08
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RE: deep
8 Nov '14
I don't think the 4.3m itself is the big issue, as it was mot a current asset. It's not like we owe somebody 4.3m.

The ''concern'' AB has is the implication of not being able to use the asset - hence no immediate copper processing.
This is why we have the suspension.

I think other companies who BMR may be in financing discussions are not really that interested in the tailings.
They are more likely to want to get their hands on what lies in the mines.

Several JVs may be forthcoming.
The tailings
The mines
The copper

We do have assets, so we have several potential ways forward, which are all better than the company being liquidated!
KlueLoss
Posts: 978
Off Topic
Opinion:No Opinion
Price:1.08
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RE: I Predict
8 Nov '14
Think that would be a disaster scenario as although we could right off £4.3m it's the implied longer term value of the copper, purportedly the Copper Cementation Plant and Copper at Kabwe was estimated to be able to generate $3m(£1.89m) operating profit pa once fully commissioned.

I know the lead and zinc tailings are a much bigger deal, however, I think it would have to be a bumper JV or Co-Financing deal for it to be taken seriously. Then again it must be a big deal considering we've been taking to interested parties for years, it would seem according to the years of toilet paper, I mean years of RNS's released down the years.

The mine is probably a minimum 3-5 years away, I would prefer that was sold and the cash used to progress us into a production. I know it has a massive value to us if we could get it open and into production, at what expense though?

This continual dilution of the SP over the years is getting a little tiring and it all seems to be have been exercise in keeping the company afloat whilst no serious investment was forthcoming. About time, if all the believed and hyped potential is real, for a company to show a real interest and invest in BMR. Can't imagine how those warrant holders and other investors must feel about the carry on that BMR has become, if indeed they ever held more than a few days following their "bargain" price investments.

Just for a little perspective if we are going cap in hand again... (straight forward dilution @1p)

Cash received / Shares / % dilution to company share holding

£1m - 100m / Shares in Issue = 7.439%
£2m - 200m / Shares in Issue = 14.879%
£3m - 300m / Shares in Issue = 22.319%
£5m - 500m / Shares in Issue = 37.198%
ChimeyBleue
Posts: 524
Off Topic
Opinion:No Opinion
Price:1.08
RE: I Predict
8 Nov '14
DB, the £4.3M is not a single transaction. I think it unlikely that there will be a write down for this value, I expect it to be far less. Cheers
getcarter
Posts: 5,025
Observation
Opinion:No Opinion
Price:1.08
View Thread (2)
deep
8 Nov '14
Why are you predicting that Scenario
deepbreath
Posts: 403
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
I Predict
8 Nov '14
We get a RNS that tells us we have no asset for the 4.3m we have spent, and therefore there is no immediate copper processing.

The same RNS will also provide details of a joint venture and financing agreement to progress towards processing the lead and zinc in the tailings.....hopefully we get some information about re-opening the mines as well.

GLA



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