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BMR Mining PLC Share Chat (BMR)



Share Price: 3.875Bid: 3.50Ask: 4.25Change: 0.00 (0.00%)No Movement on Bmr Mining
Spread: 0.75Spread as %: 21.43%Open: 3.75High: 4.25Low: 3.75Yesterday’s Close: 3.875



Share Discussion for Bmr Mining (BMR)


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lselee
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
£8m in assets, a million in the bank....

Lots of work to do and lots of placings to come. Add a discount and the AIM factor and the fact that every man and his dog will be selling! Myself and many others have written off this investment.

Of course some people have lots invested here and will be 90%+ down so may not sell through principle. I suppose it isn't worth it for beer money.

I really can't see a Mcap above 3 or £4m unless some other news is released (which seems extremely unlikely)
 
West
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.08
BMR
15 Apr '15
Ben

Just a way of getting around the nominal value of a share, BMR shares nominal value 1p, r&r means you cannot issue new shares under 1p, rights issue,placing etc
When the division happens, the £0.009 share will classed as deferred, they lose most of normal the rights.
You still have the £0.001 shares, they have the same rights as before, but now nominal value is 1/10th of previous nominal value. As long as no other shares have been issued, they still have the same percentage of total company issued shares, but the company can raise money by issuing new shares above £0.001 per share. Have a look at the
example below.

http://www.investegate.co.uk/kea-petroleum-plc--kea-/rns/posting-of-annual-report-and-notice-of-agm/201411051045022108W/
KlueLoss
Posts: 1,319
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
RE: voting
15 Apr '15
Not keen on many of the resolutions myself.

Need a lot more information on some of them.
foggy100
Posts: 1,401
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
Maybe he believes it needs to be that level to get a few Placings away and hence why he might believe it could drop below the 1p, who knows
KlueLoss
Posts: 1,319
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
Market Cap would likely be lower than £2m though to reflect that?
lselee
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
Because he believes it will drop to less than a penny even after a 10:1 consolidation?
KlueLoss
Posts: 1,319
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
RE: BMR
15 Apr '15
West

I'm looking forward to seeing how he can sell this to us, I'm feeling extra sick this evening and feel like the real criminals may have just moved in.
KlueLoss
Posts: 1,319
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
Following that like of thinking and I don't know the answer, let's say for arguments sake the SP falls to 0.25p (75% drop) if we then consolidate at 10:1 it becomes 2.5p, then why would Alex Borrelli think its a good idea to drive down the par/nominal value even further?
hornygoatweed
Posts: 181
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
voting
15 Apr '15
I'll be voting against 7, 9, 10 and 11
foggy100
Posts: 1,401
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (8)
RE: Trading
15 Apr '15
20-30% with 10/1 Consolidation IE 2p -3p SP and then see if there is further Carnage . Hopefully we would get some encouraging news before re-listing IE Costings and returns etc





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