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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


BMR Group PLC Share Chat (BMR)



Share Price: 7.625Bid: 7.50Ask: 7.75Change: 0.00 (0.00%)No Movement on Bmr Group
Spread: 0.25Spread as %: 3.33%Open: 7.875High: 7.875Low: 7.625Yesterday’s Close: 7.625


Share Discussion for BMR Group PLC


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BringMyReward
Posts: 502
Off Topic
Opinion:No Opinion
Price:6.50
RE: Was the
10 Jan '17
We should have enough money for the short term. We should also receive cash from the warrants by end of Feb. Maybe ACI's accountants have taken an extended holiday, give it another week or so and we might have the money in the bank.
 
SAUSAGEFINGERS
Posts: 2,089
Off Topic
Opinion:No Opinion
Price:6.50
Was the
10 Jan '17
RNS a cynical release to prompt a bit of a rise - to stimulate exercisiing of warrants - if ACI dosh is doubtful very s**n we may need a funded pot to work from
BringMyReward
Posts: 502
Off Topic
Opinion:No Opinion
Price:6.50
Star Zinc
10 Jan '17
This is from the 29th Dec RNS, if I am reading it right, the granting of the licence transfer needs to happen first before we pay. It does say in the RNS that we are expecting the first draw down imminently from ACI, so what's holding up the money? Ministerial approval, ACI, or both??

In August 2016, we entered into a 60 day exclusive option agreement ("Exclusivity Agreement"), with Bushbuck Resources Limited of Zambia ("Bushbuck"), to acquire its Large Scale Prospecting Licence 19653-HQ-LPL ("Star Zinc") in an area to the immediate north of Lusaka, Zambia, for a total cash consideration of US$1 million plus taxes, conditional upon, inter alia, satisfactory completion of due diligence and the granting of Ministerial approval to the transfer of the licence.
BringMyReward
Posts: 502
Off Topic
Opinion:No Opinion
Price:6.50
RE: if
10 Jan '17
It could be the case but maybe we only need to pay once the Zambian authorities have transferred the licence over. Maybe that's what ACI are waiting for. Perhaps then they will give us some more money which is to be used for long-lead time equipment. If that's the case we could do with the cash ASAP so we can order what we need and crack on!
MS67
Posts: 886
Off Topic
Opinion:No Opinion
Price:6.50
RE: Silver Lining
10 Jan '17
I see what you did there , very good XD
NatCoalKing
Posts: 2,963
Off Topic
Opinion:No Opinion
Price:6.50
View Thread (2)
RE: Silver Lining
10 Jan '17
And relatively low levels of lead, which should please those worried by environmental concerns if it is mined.
BringMyReward
Posts: 502
Off Topic
Opinion:No Opinion
Price:6.50
Silver Lining
10 Jan '17
Don't forget silver is also present at Kashitu, would be nice if we uncover a shed load of zinc & silver here. It wil all add to the value and revenue for BMR. Let's hope it brings us a load of Kash & no s*** haha!
BringMyReward
Posts: 502
Off Topic
Opinion:No Opinion
Price:6.50
RE: Re Jam
10 Jan '17
Jam scones in the Kabwe Cafe?
SAUSAGEFINGERS
Posts: 2,089
Off Topic
Opinion:No Opinion
Price:6.50
After the
10 Jan '17
Folk tales from Iran I never count for anything - there are many similar examples on AIM
MS67
Posts: 886
Off Topic
Opinion:No Opinion
Price:6.50
if
10 Jan '17
we haven't yet received any cash from ACI yet how can we have satisfied the conditions of the transfer of license ? (ie paid for it)
It maybe ACI that are holding things up and not Government




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