Hmmm, interesting. Approval content aside, which was obviously the main reason for the RNS, the RNS itself I felt was a bit lacklustre. No timescales for anything again, the rest of the content was a bit general, to keep us guessing. We await off-take news with whomever that may be, we await a date now for us actually commencing the copper production, a date for the start of the final metallurgical testing on the zinc and lead (though testing "intended" only, not stated as "will" test) and projected timescale for that testing if it comes about. The general stuff is there, but the specific details are missing. I thought we may have these, but I perhaps should have known better.
All I'm suggesting is, while the main news is outstanding, what we all wanted, the rest of the news poses many questions again. It's that little lack of information specifics moving forward that may be one reason for the somewhat subdued response to what is, after all, stunningly good news overall. A more detailed RNS about the "what next and exactly when" would have seen the sp react more favourably I think, as people, especially potential investors want to know timescales and so forth before getting into a share. MA has, again, left this open.
I'm not arsed, just glad we had approval, and in fact most of us long-termers here are used to the usual RNS pearls of anti-wisdom, but it may part answer your question. Some people, particularly potentially new investors looking in, won't like the uncertainty of the Company's next steps. The unknown timings for those steps.
Harl, I think there is clue in the RNS regarding Glencore " For copper production, EPL's plans are for a cementation process to produce concentrates from ores to be secured from Zambia and the DRC via EPL's trading connections"
Glencore get their copper from DRC and they are on the doorstep and this is the first time BMR have mentioned sourcing copper from there, I have thought for a long time that BMR will process any copper destined for the Glencore sable plant while it is converted back to lead and Zinc. We know there must be some agreement between them as has already been briefly mentioned in a previous RNS in the past.
Glencore could have kicked off during the approval process but they seem all too happy to have company on their doorstep also processing Copper, that to me means they have other plans for their current copper plant!
Was just posting something similar about being underwhelmed by the SP progress on this game changing news. I was having a right moan and the read MR tickles post. I agree totally with you 2.6 on a false rumour and nowhere near what I was expecting on official news. But its still early and they do like to mess about with the price. Glad I am not the only frustrated and confused investor.
Hi, yes I was expecting a lot more reaction from this mornings news, but don't be surprised with Aim, at least we haven't gone down which has happened all to often on past good news. It is always about the big picture here and that value will out in the end. The sp will take care of itself, as the news that will now follow in coming weeks is the real game changer for BMR.
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