With regard to jumping ship, I think it depends on your entry price, newer investors may chose to cut their losses but those of us who've been in for any real length of time haven't got much more to lose so more likely to ride the storm.
Personally I don't see how we can fail to receive some additional news, be it good or bad, with one of the accounts RNSs. After all this time, anything less and AB would lose credibility with PIs. In relation to sp on the day of relisting, if news is good then Mushty's guess seems fair. If bad or no news I think it will tank by at least 50%.
I think most would agree that both financial reports (year ending June 2014, and ending Dec 2014) will both be of a negative situation. Post the release of the Dec 2014 financial Report, the suspension should be lifted. IMO, there will be a few that will jump ship straight away, without waiting to find out what happens next. The bold ( or foolhardy) will see what the first announcement from processing in Kabwe will be, then people will make their moves. Again IMO, post delisting the SP will drop, due to my assessment above, but I don't think it will stay there for long. What sort of "Add Ons" ? Do you think the current BOD will lift the suspension if all of the issues haven't been cleared? Personally I don't think so.
So after all the chat of recent weeks from quite a few posters about possible positive outcomes what is consensus now. Is anybody still expecting add ons with the release of accounts or is that all we are expecting now shortly before re listing as without the positives I think resumption of trading will be a very difficult time for us all.
Not sure if this has already been discussed over the past few days/weeks (and I can't bring myself to sift through all the inevitable tripe that will no doubt be posted below) but would anyone like to make an informed/educated estimate on what the SP might be upon the suspension being lifted next month? I'd start the proceedings but I am neither informed nor educated...!
Berkeley Mineral Resources (LON:BMR) Suspended – Suspension to be lifted on publication of accounts and recovery of funds from the Alikhani family
(Not to be confused with Berkeley Resources, the Spanish uranium company)
• Berkeley Mineral Resources expect their shares to come out of suspension shortly due to the publication of accounts.
• The accountants had refused to sign off on certain items in the accounts following the discovery of certain irregularities.
• The situation resulted in the resignation of Masoud Alikhani who appears to have gone down with Alzheimer’s ahead of the investigation into $4.3m of assets.
• While we have great sympathy for suffers of Alzheimer’s we are surprised to hear that Mr Alikhani has gone down with the disease so rapidly. So much so that Mr Alikhani could not appear in court when the company sought to recover funds as part of its asset investigation.
• We wonder if Mr Alikhani might join Ernest Saunders in becoming only the second person ever to recover from this most tragic of diseases.
• The company has also cancelled all remaining outstanding options and warrants in the company as part of the settlement process with Horacio Furman, Director, and Mark Wainwright, Director, both sacrificing their options.
Conclusion: The challenge is for the board to recover any remaining value within the company
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.