I hope you are right Harl. Dilution at these levels, or any untoward news, wouldn't be good. MA needs to pull his finger out and get us producing this copper. ZEMA has given us approval, now let's do something with it.
It does feel to me that old MA is trying to drag this current situation out until the new year. Another year chalked off, another year closer to the bull cycle, the old goat. Lol.
Laughing to myself, but also a bit of weeping as well.
As I understand it BMR have two sources of finance. One of those I am sure is a bank. Once ZEMA was given assets can be leveraged because they have a value. I would be very unhappy with any more dilution .
I agree in that we don't actually know whether the matter-of-fact news is due to underlying current problems, or if it's secrecy with purpose, for a hidden upside in store, which may be a deal at a delicate stage or whatever. That's where either our optimism or pessimism enters the fray. In the end, because we haven't the facts of the actual situation, whether optimistic or pessimistic about the lack of oomph since ZEMA approval, either of the two may be misplaced. Lol.
As shareholders, we are in a tricky spot, no matter if our glass is half full or half empty.
If in this territory, perhaps the best thing to do is nothing and merely continue to hold. That's what I'm doing, and even though I hope and trust that it is very good news ahead, so I feel marginally ok, my average here dictates that I won't sell anyway, at what would be a substantial loss. I feel it would be even more difficult if I were pessimistic, not pressing that naughty "see ya BMR" button. Perhaps even in spite of there actually being no news of a major irreparable crisis. Until I hear such news, and I hope that I don't, then there is absolutely no reason why I shouldn't hold on.
I would, however, prefer a more robust pace now from MA, as this trickle of supposed or at least reported momentum is getting right up my nose. Perhaps that's just what he wants!
I'm not sure it's the best attitude to have and it's sure as hell has done me no favours financially, but I'm here come what may I just don't have the gonads of steel, Copper, Lead or Zinc to sell at such a loss. I am however skint.
I always think about the assets in the control of BMR and apart from market apathy can't understand the disparity between its recorded value and our Market Cap. Then I look at other AIM companies and the same story plays out near enough across the AIM market place. I probably did first buy (late2010) originally at the wrong time, but only on the back of information in the RNS's and some decent research relevant to my experience which admittedly was not to savvy but I thought I had identified value.
You aren't meant to invest in things you don't understand, I would say only handful of posters here understand how the mining industry works and even less how a tailings business will operate profitably. I'm not one of them and am thankful of the knowledge of some posters who come on the boards. I have a much more simple view and that is that BMR must be able to turn all theses metals into cash and serious profits.
So, yes I will be here at the crossroads whatever that turns out to be but I don't believe there is a quick fix unfortunately for us long term holders, MA has always moved at his own pace and I believe he is very single minded which can be a skill but can also be the undoing of a person or a plan.
Please don't take this the wrong way but the silence and matter of fact approach of late could also be that MA and BMR have hit a stumbling block such as a lack of interest or a failure to agree terms with interested parties. I concede it could be positive but if that was the case I would've thought we would've seen that reflected in a higher SP, afterall this is a very leaky business as we've seen over the years.
Successfully pickled a wombat. Moving on to larger animals next. Before any animal rights activists jump on this, yes, the wombat was already deceased. I made sure of that first, with a large shovel. I'm not a monster for goodness sake.
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