Register
Login:
Share:
Email Facebook Twitter




BMR Share Chat - RSS Feed

Berkeley Mineral Resources Share Chat (BMR)



Share Price: 1.075Bid: 1.05Ask: 1.15Change: 0.00 (0.00%)No Movement on Berkeley Min.
Spread: 0.10Spread as %: 9.52%Open: 1.075High: 0.00Low: 0.00Yesterday’s Close: 1.075


Share Discussion for Berkeley Min. (BMR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
brynjon
Posts: 1,455
Off Topic
Opinion:No Opinion
Price:1.08
For what it is worth..my opinion
14 Dec '14
on what is now known as "the group" is this.
All shareholders are within the group as us shareholders should be kept abreast of any situation which results in a massive profit or a massive loss. We are as "Huggy Dave" and his band of egotistical public school chums keep telling is "We are in this together."

As for any power from shareholders, it is always best applied using the leverage of a "group" rather than a bunch of individuals. By laffer pulling together the 10% plus of private shareholding then leverage can be applied in a well co-ordinated way IF and that is a BIG IF it is required.

So in my very humble but honest opinion - should Laffer et al decide to request some sort of update then it would be a combined and therefore powerful request. It would only take a single response rather that a few score to individuals. All the company needs to is to update the website as a going concern detailing what plant we actually have (as stated in RNS already) and a few photos etc.

That is about my lot for today. Best wishes all.
 
KlueLoss
Posts: 1,183
Off Topic
Opinion:No Opinion
Price:1.08
Magicgav
14 Dec '14
Was the cash position known? Did you know the company was spending £250k a month to not get into production, interesting point of view I must say.

AB, I would hope you're correct, however it would appear he wasn't fully versed on everything BMR and according to some who claim a better knowledge of the inner workings of BMR AB was recruited specifically by WH Ireland, whom I would imagine would've had a knowledge of the current company position?

I sincerely hope your point regards DD by an interested party are proved to be correct as I would hand heart stand and say that I've been incorrect with any negative assumptions I have made but your claims seem quite baseless and if it is the case the parties of interest have made their bids and are getting into the finer detail then when is the information going to be revealed to shareholders, I'm sure other companies would be shouting from the roof tops about interested parties who are actively involved and interested in the companies future progress.

The full £4.3m is unlikely to be totally written off, however the items that have lead to this revelation are not likely to yield a positive outcome now are they?
Magicgav
Posts: 13
Off Topic
Opinion:No Opinion
Price:1.08
hmm
14 Dec '14
The companies cash position was known before the suspension.

AB would have known about the cash position before he joined.

I think it's fair to say there must have been some form of future funding plan in place for a while now.

I think DD conducted off the back of a proposed JV has flagged the accounts anomaly.

i.e. missing plant or something not being fit for purpose.

I can't see that 4.2 million will simply be written off from the books although it's clear there will be some kind of impact.

It's not a great situation admittedly but i dont think it's as bad as the doom mongers are making out.
EricDraven
Posts: 16,455
Off Topic
Opinion:No Opinion
Price:1.08
West
14 Dec '14
I seem to remember that fake bomb detector story on the main news. Unreal. MA must have done the marketing!
KlueLoss
Posts: 1,183
Off Topic
Opinion:No Opinion
Price:1.08
Eric Draven
14 Dec '14
I know I come across as an epic bore with my negativity but I just think its all got the better of me.

It's all well and good accepting I've invested too much and hence its become emotional but it all just feels truly like its been orchestrated to this point. Come the new year we'll have gone from a August ZEMA approval thinking the future is bright, to realising we're in a suspension with an ever decreasing cash position and a new chairman who's history is not exactly littered with success at least IMO, by the new year we'll receive an update but it'll have taken over 8 weeks of uncertainty about what they have found, I hope that this delaying tactic is to soften the blow or secure a satisfactory market pleasing outcome from what appears to be a negative situation caused by dear leader MA.

Am I asking too much for the company to come clean and make right any misrepresentations from the past? We wait, we hope.
West
Posts: 253
Off Topic
Opinion:No Opinion
Price:1.08
Eric
14 Dec '14
Foggy posted some really good ones the other day, one of the jokes was about land mine mats in Afghanistan.
The strange thing is, reality sometimes stranger than fiction or jokes. Nothing to do with BMR situation.
Just foggy reminded me of the guy who was found to have committed fraud.

The ADE 651 is a fake bomb detector[1] produced by ATSC (UK), which claimed that the device could effectively and accurately, from long range, detect the presence and location of various types of explosives, drugs, ivory, and other substances. The device has been sold to 20 countries in the Middle East and Far East, including Iraq and Afghanistan, for as much as $60,000 each. The Iraqi government is said to have spent £52 million ($85 million) on the devices.[2]

Back to trying to value,WSP slime & leach plant tailings, very good grades.
EricDraven
Posts: 16,455
Off Topic
Opinion:No Opinion
Price:1.08
Klueloss
14 Dec '14
That short sentence may just sum it up, yes. I am prepared for anything now though Klue. Maybe some take the lack of definitive news as bad news, while we are suspended. Fair enough. It isn't a pleasant time, but I still think we'll be ok, because it's possible we would have folded before now, if MA was ill. I hope we still have a future and that's based on us not being told that we haven't, and also the stage at which we were at prior to the suspension.

Have to see eh?
EricDraven
Posts: 16,455
Off Topic
Opinion:No Opinion
Price:1.08
West
14 Dec '14
My sense of humour appears to have flatlined of late, so I'm going to give you 10 out of 10 for effort Westy.

Why did Humpty Dumpty push his girlfriend off the wall?

So he could see her crack.

Cough cough.
KlueLoss
Posts: 1,183
Off Topic
Opinion:No Opinion
Price:1.08
Eric Draven
14 Dec '14
It's a case of hope for the best, prepare for the worst.
EricDraven
Posts: 16,455
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
1Laffer
14 Dec '14
Hi Laffs. I am under no illusions here, I don't feel comfortable with the suspension. I have accepted it, but I have also seen that there has been no bad news since. That is what I'm holding on to. Call me naive perhaps, but the Company has not told me that my investment here is finished. I do not however have my 'it can't happen to me' rose tints on, because it has happened to me, in BHR. I have lost 17k for certain there, which is a massive blow. I am therefore only trying to retain a balanced view, based on what I know to be the case, and not on a potential situation that my mind may generate, a situation which may not be correct in reality.

I am looking at the Company's position here before suspension Laffs, whereby we were well placed to progress. As far as I'm aware, nothing has changed. We are temporarily suspended, pending the investigation of, and accounting for, a financial discrepancy in the accounts. Many posters here now are consumed by the negatives it seems, in spite of there being no further evidence since suspension, either from BMR or via the press, that we are definitely on the ropes.

I need to see further evidence Laffs, before I mentally discard this share as not coming out of the woods. Can you maybe understand that?

I am as concerned as anyone here, I have much to lose, but until I am informed otherwise by AB, I will continue to believe that this will not fail. I am not trying to stop the group, I am not saying don't approach our Company to liaise, I am only concerned about the timing of it all, while we remain suspended and while AB is trying to iron out any issues.

I don't feel as though you read and digest my posts properly at times.I have also said that you've done a good job with the group, which you have.

If you feel I'm wrong with my opinion re the timing, then I'll accept that. You are entitled to your view, as is everyone. As you are the mouthpiece for the group though, promoting it here on LSE, I feel that you do have to also take the responsibility for feedback on here from other investors, myself included, who are not in the group. I am not an outsider just because I have yet to join. I am a fellow investor who has held these shares for over four years. It isn't a case of the group versus the rest, I certainly don't want that, and it shouldn't be so. You are a good guy Laffs, we just differ in our ways of thinking.

Listen, if I'm wrong about the Company, in spite of the no current bad news situation, I'll be the first to hold my hands up. Similarly, if all turns out to be ok and we progress as planned, those who are not seeing a way out at the minute should equally hold their hands up.

I wish us all well.

Best regards.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.