I think many would feel more confident getting in at this price.
The RNS's are suggesting we're making progress, there appears to still to be risks (Cash Burn / Investment Needed / Further work required) however, looking from a purely risk reward point of view at this price if you're not already exposed too heavily it does seem to be presenting a good opportunity.
Its still not clear what the actual plan is here and to say timelines have become blurred over the last few years would be an horrific understatement. Its understandable why anyone who is invested or has been for some time would start to have some niggling doubts as there's only so much intentional audible silence from the company anyone can take before the conspiracy theorists within starts to takeover and make our minds play tricks, particularly on the back drop of a weakening SP.
Is there anyone topping up here and confident of a good turnaround? I am losing some confidence now that we have heard relatively little since approval on actual plans and progression to the next stage, In till it all plays out but not sure I can warrant more funds at this point! TY GLA
No offence to those guys who've made this statement but just my opinion here, BMR is not special in any way shape or form.
It has the same problems as other AIM shares that have over promised and under delivered, they've lost the market interest. It has been traded by those in the know and all that's left is a die hard contingent of either über bulls or those not willing to sell at such a large loss. The market will not reward BMR until they actually produce IMO.
The updated DFS 'within the month' is unlikely to move the SP significantly especially with the back drop of a wider market sell off.
Yes the current SP is probably getting hammered due to wider market sell off and people derisking, however it's worse as we're not dropping from a highs like most of the market has, we're dropping at our lows.
By all means top up and lower averages ect... your money and your decision, however, do it in the knowledge this could get worse....... Or better, yes.
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