The real question is can BMR process the WPS and the other tailings profitably. The former does not appear to be a problem. I , for whats it's worth have asked several officers in the company about the latter and have received positive answers. Many will be cynical of this but we are no longer dealing with MA but a far more hard nosed management. If the company was to wound up I think it would have been done by now.
kassam - I had just this morning sent an email to the company to ask whether the detail within the website was still valid and to use the time in suspension to make any necessary amendments to it.
Whether anything occurs remains to be seen, however, for me - if it is still there surely it remains valid. They amended the directors and management pages quickly enough so it seems it would be easy enough to delete anything which may be misleading.
KL - Not sure how much was paid out to Ascot or whether they did their work in lieu of profits from the processing. I do find it sad that at the time when Metorex were selling out of Kabwe BMR were pushed aside from obtaining the Zn/Pb plant, only for it to have a change of use. Perhaps a bully boy tactic, knowing full well that the issue in Kabwe was pollution caused by the Zn/Pb tailings. So Glencore squeeze out the possibility for BMR to immediately process its tailing assets and of course now, they have almost abandoned the site again using bully boy tactics.
Hopefully management can get a hold on the present situation and even if it means selling out some of the assets at less than market value to bolster the coffers then so be it.
Shareholders have (or should I say some) been waiting far too long for this to pop. It has taken a few people out financially along the way. It is time we were either put out of our misery or fill our pockets. I am a glass half full.
What i think might be a good idea is to ask AB straight if the RNS issued were all correct and true and if all the infomration on the website is still correct and true. This should atleast give us the idea that BMR will still be a going concern.
fsst - I too believed we had the facilities, however, it seems a number of folk have posted over the past months that we do not. There have been no further photos added to the website, the company has not issued any statement to suggest otherwise. Another comment on the website "It is currently verifying these and has launched a Copper processing programme at its Industrial site near Ndola." suggests there may be additional processing resources near Ndola.
Now if these statements within the website were untrue or no longer valid - would they still be there? If there was a hint it was not then surely they would be required to alter that information as it would be deemed misleading.
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