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Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation?


BMR Group PLC Share Chat (BMR)



Share Price: 3.25Bid: 3.00Ask: 3.50Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.50Spread as %: 16.67%Open: 3.25High: 3.25Low: 3.25Yesterday’s Close: 3.25


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:3.875
RE: Vanadium
27 Jun '17
I was just thinking this morning about the Vanadium. Why the big delay on the JORC? I don't think Vanadium has even been mentioned in any recent RNS, and I can't even see it mentioned on the website. Is Alex holding his cards close to his chest for a reason? It would be nice to have an explanation on the subject!
 
Andy2017
Posts: 108
Off Topic
Opinion:No Opinion
Price:3.875
FireballXL5
27 Jun '17
Is there a new brokers note?
valencia
Posts: 11,439
Off Topic
Opinion:No Opinion
Price:3.875
RE: Vanadium
27 Jun '17
You're right though.

If I make someone a promise I intend to stick to it or explain why I can't. Hiding and hoping it goes away isn't going to win people over on a share that appears to need as much help as it can possibily get.
valencia
Posts: 11,439
Off Topic
Opinion:No Opinion
Price:3.875
RE: Vanadium
27 Jun '17
Very true.

However, there is one big fat hairy variable here that nobody can truly influence.

Let's imagine the market "allows" the SP to get to 15p - 20p (or 1.5p - 2p in old money ridiculous as it sounds). What then?

Even the most altruistic amongst us wouldn't be seen for dust...
FireballXL5
Posts: 1,092
Off Topic
Opinion:No Opinion
Price:3.875
Brokers Note
27 Jun '17
Anyone seen the note?

Tiger, thank you for your insight. I would rather take advice from a fortune telling machine. What makes you an authority on ACI?
TigerByTheTail
Posts: 257
Off Topic
Opinion:No Opinion
Price:3.875
RE: ACI
27 Jun '17
Look closely at ACI. They clearly have no money of their own to invest; they can't even afford to update their website. Instead, ACI look for money from rich Africans which they channel to the (incredible number of mostly very low-grade) projects they promote. It's a (very bad) joke that Alex Borelli is pretending that this is a serious financing deal. BMR may or may now find money from another source, but I will be very, very surprised if ACI ever pay up.
EricDraven
Posts: 23,433
Off Topic
Opinion:No Opinion
Price:3.875
BringMyReward
27 Jun '17
We don't know the problem, Bozzer hasn't told us why, but I feel that's purely because the ACI deal is still on the table. The wrong time to publicise what may be the sensitive situation in which ACI finds itself. We seem to be looking on ACI as some kind of devil. Lol. It certainly hasn't fulfilled its end of the deal yet, but the deal being as it is, eventually of real mutual benefit, Alex has obviously decided to stick with it. Not great that the first tranche of money is already four months overdue, but is it a deal worth losing, if it can be avoided?

Of course, if Alex is wrong in his judgement of the situation, having only raised a small amount last week, should he have to raise yet more funds via another placing, before ACI comes through, if it ever does, it will reflect quite badly on him. We will know then that he should have cut ACI loose and sourced a deal elsewhere.

Fingers crossed the problem is resolved and in the next couple of months. Not a great situation for Alex to be in really though, and I feel that if the ACI deal was only average, he would have taken a different view and moved on.

In my opinion.

Let's see what occurs. Hopefully we aren't all just getting our chains jerked. Lol.
StuoftheToon
Posts: 444
Observation
Opinion:No Opinion
Price:3.875
ACI
27 Jun '17
The elephant in the room is ‘why has the money not been forthcoming’. Unless I have missed the reason I am still in the dark. Some holders have been told that it is not a failure on the part of BMR so why not clarify the situation. Uncertainty kills investment (for most of us). I may sound like a broken record or Mr. Pedantic but I have invested and want to know!!!
KlueLoss
Posts: 1,997
Off Topic
Opinion:No Opinion
Price:3.875
View Thread (4)
RE: Vanadium
27 Jun '17
"Depends if you're in here to see the project through or just to make money when the price is attractive enough."

Mine or other investors/traders money making aspirations should have no influence on BMR and the management sticking to its own forecasted RNS released projections for JORC'ing the Vanadium.
valencia
Posts: 11,439
Off Topic
Opinion:No Opinion
Price:3.875
RE: Vanadium
27 Jun '17
How long?

Depends if you're in here to see the project through or just to make money when the price is attractive enough.

Optimistically 9 months, pessimistically 36 months.

That said the SP can do all sorts in the intervening period.

All IMO




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