with this share there is no progression, I mean yesterdays news should of been massive BMR, shame the markets don't think so and we are nigh on back where we started at 7am yesterday morning. I am not expecting further news now until the placing shares are absorbed into the market, but news must surely follow closely thereafter, to help boost the SP, otherwise, I fear, if a takeover is a likely event, it will be for a song and those with higher averages will suffer. The SP should be important to MA and getting it up as high as possible, particularly now we have our approval. The next few weeks have to be defining for BMR, otherwise the whole exercise will be pointless, after all, it is all about the getting that SP up as high as possible for all involved here.
...so the market reacts with a whoopee doo - you have approval - now what? Until MA answers the now what question we will stick around these levels. Taken these out of the bottom drawer now and starting to watch them very closely as MA has to start answering this question - and soon (agggghhhhh I said it).
I'm just saying that there are two sides to every story, maybe just maybe MA does not care about the sp in the short term........if there is a deal in the back ground to sell the company he will be well rewarded regardless of the obvious lift in his share value there could be a number of reasons why the current share price does not matter to him, the end game is all that matters to him I think. We all have an exit plan
DD - I am not suggesting I am happy with the SP - would be a mug to suggest so, however, we should be keeping our heads whilst we await whatever surprise MA pulls out of his magic bag. It is ever so tedious, however, like watching paint dry, we know it will have a decent finish to it in the end.
Anyone saying the SP doesn't bother them is lying to themselves, we would all like it higher. Frustration is flourishing on these bb's.
However, nothing at all has mattered on he since 2013 other than this approval, yes it's taken an age to get it but as most would confess I'm sure it was full of complexities far beyond most of our knowledge.
Now though the company can start to move forward, it seems a strange time to be jumping ship or even jumping on MA. I think he should now be aiming to progress the company in a timely manner, I don't know how long it will take but investment wise I don't think we've ever been more investable. I think the sting is for those in pre approval wanted something for the risk they've taken in buying shares during the period without approval.
Got to say I slept much better knowing the company had approval then I've ever done in a long time.
A lot to look forward to IMO. Not without risks still, this is AIM after all.
I doubt(+hope) we will see capital raising as low as we have done as the begging cap should now I've been binned and MA should be able to negotiate much better terms.
Berkeley Mineral Resources (LON:BMR): Gap Higher Through 200 Day Moving Average Suggests 2.5p Plus Retest
“It is interesting that there are stocks who tend to behave themselves as far as charting rules are concerned, even in the minnows area, and those who do not. Perhaps even more intriguing as far as Berkelely Minerals Resources is concerned looking at the daily chart in recent months is the way that even though overall it has largely followed the technical analysis script, we have seen periods of quite sharp volatility. This was particularly the case over the course of June where there was an initial 200 day moving average failure then almost exactly at the 2p level, a bear trap rebound from below former March support at 1.2p, and then finally a sharp bull trap through the 200 day line to finish the month. Indeed, it could be argued that if bulls of Berkeley Mineral Resources could handle that kind of rodeo ride, they could cope with just about anything.
The present charting position is less dramatic than was seen in June, with an unfilled gap to the upside through the 200 day moving average at 1.81p. It is backed by an extended uptrend line in the RSI window from March running at the neutral 50 level which is providing the positive momentum. This leaves us to conclude that while there is no end of day close back below the floor of a rising trend channel from February at 1.5p we should expect to see a retest of the 2.5p plus June resistance over the next 4-6 weeks. Any dips back towards the 200 day line in the interim are currently regarded as buying opportunities.”
Written by Zak Mir, Head of DirectorsTalk TA. Zak Mir is one of the UK’s best known and experienced technical analysts, having over 2 decades of charting experience.
Is it possible that MA is always trying to manage this but we choose to ignore this and write our own script. 2015 will see us hopefully see us producing on more than one front. The financials for year to june 2015 will show revenues for the second time in BMR's history. This has been like an F1 season. Wrong tyres, mechanical failures, penalties, disqualification, DNF's, sponsorship withdrawal and no podium finish. We carry on into next season with a car that after further testing is set to give the competition a real run for its money.
Nice list of reasons to be cheerful KlueLoss. Can't say I'm not a tad tired of the ongoing situation though, but still in this for the end game. Time will tell if it was all worth it or not.
On the plus side (OK, a very small +), I wasn't expecting the approvals RNS until the end of the month, so my expectations have been exceeded there. Just hope that things are finalised quickly and further news comes this month.
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