I treat both the same way mate, and looking at BMR and TSTR they are very similar, You know I won't sell any, but if I see contradiction I will point it out.... So much so we threatened the TSTR BOD and Nomad back in the summer..... Anyway re BMR I just feel disappointed when expecting production in 2013, only to be told in Nov.... Well it ain't happening .... That's why people have sold.... But of course they are traders which we are not .....
VAL Check LJC post to Tony earlier.....
Nubie Yes I am aware of what is there, so much so I have bought more shares this year... That still doesn't mean that I can't be disappointed
NKC Agreed mate, but when you are set on production in 2013 and then told "Its not going to happen" I just think that it's kicking the poor old PIs where it hurts.....
exactly- zema have been waiting for our input to move things forward and we are well into the process with no objections forthcoming. if anyone was hung up on nov 15 and thought there would be no testing period before full capacity then u are deluded or trading. good news is bonus copper at kabwe, zinc plant is being assembled. zinc price continues to rise toward 2016.
Lead and Zinc processing. - first stage 'terms of reference' submitted and ACCEPTED by ZEMA. - final documentation to be submitted to ZEMA within the next 7 days. - site work preparation is continuing.
Copper - supply contracts being negotiated. - additional supply of sulphide material identified. - $3m annual PROFIT (note, NOT revenue!).
Please remember the Environmental Project Brief, which is expected to be approved by ZEMA in 2 months, relates to the copper project........... The Zinc and Lead Environmental and Social Impact Assessment could well be given the green light much sooner, particularly as the locals seem to be happy with the proposals!! By oildrum
I listen to my head we have metal and minerals a lot of which are not valued in yet , why is this ?? Production is near , as with all businesses if this takes a couple of months longer so be it , some things are out of BMR control ! I would much rather have a company that has assets as yet unknown sitting there than hoping for an event like a patent , a strike or what ever it may be ,to transform a company! Metal and mineral prices are possibly set to rise , and certainly over the long term , business is fluid and shares are for the patient ! I have full confidence in BMR and where we are going , sell at your peril and weep in my opinion long term !
Sorry to dissappoint, but I'm more than happy with that RNS. Any copper at Kabwe is a bonus as far as I'm concerned however long it is going to take. The Kabwe copper operation is not particularly big in the grand scheme of things but it all adds to the bottom line. We have been craving more RNSs with this type of update with so much (apparently) going on and this is to be encouraged.
You've been longer than most and surely know by now that you shouldn't take any dates as gospel. MA has been saying since 2010 words to the effect that "production can now be fast-tracked" and I don't believe a word of it. There's a bigger picture going on here and it will come out in the fullness of time.
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