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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 4.00Bid: 3.50Ask: 4.00Change: 0.25 (+6.67%)Riser - Bmr Mining
Spread: 0.50Spread as %: 14.29%Open: 4.00High: 4.00Low: 3.75Yesterday’s Close: 3.75



Share Discussion for Bmr Mining (BMR)


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frey
Posts: 2,589
Off Topic
Opinion:No Opinion
Price:1.08
NCK
21 Apr '15
Your right we need to see if AB will tell us the reasons for such drastic measures,
Imo, if he was to look after LT investors then he would do something like this surely,
Tell us the plans , how much the plant will cost, projected profits, adding a second plant to boost
production etc, then we all will think this is good cash positive in a few mths mighty even reduce my average!!
AB does the consoldation 1-10 at lets say 6/7p raises money around 5p then we have a chance?
 
FireballXL5
Posts: 294
Observation
Opinion:No Opinion
Price:1.08
Inventories
21 Apr '15
ZINC - inventory levels down over 200,000 tonnes since the beginning of the year.

Lead at the lowest level since July 2014.
NatCoalKing
Posts: 2,492
Off Topic
Opinion:No Opinion
Price:1.08
West
21 Apr '15
I can understand your concerns but you need to see what you are up against before you fire your gun.

I'm prepared to wait and see what AB has got for us. He knows full well that he won't get resolutions like that passed without good reason, so I'm prepared to hear the guy out first, then I can decide.
West
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.08
BMR
21 Apr '15
NCK

Consolidation as a single item, I agree should not be damaging, just a division by 10, of the number of shares held.
Value/percentage total remains the same, allowing for trading on day concerned, but the other two resolution plus
consolidation, I see as us LTH handing some one a loaded gun. Will I be shot, I rather not give the bullets or gun, then
I can wet my pants without fear of being shot with bullets, gun & gunman I payed for, whilst some one new is in the
background giving the orders.
NatCoalKing
Posts: 2,492
Off Topic
Opinion:No Opinion
Price:1.08
West
21 Apr '15
I can understand that investors are extremely concerned with what's happened, as am I, and this is something that AB is going to have to achieve to turn around those nervous investors that he is the real thing. I don't want to dwell on MA; we know what he's done now and the shocking effect it has had on the company but to continue to associate with him from hereon in is detrimental to our company, the reputation of which is currently hanging by a thread.

AB summed it up well in the last RNS - "Shareholders are entitled to place a high degree of confidence in a company's management and a company's reported audited results".

Difficult though it is with what has happened, I am giving AB the chance to turn this ship around into calmer waters and, in my eyes, is working very hard for the company and it's shareholders. Looks like I am in the minority but I don't want to see my entire investment go down the river as there was a very good chance of it doing so with MA at the helm. AB is clearing out the poison in the company and the last RNS, hopefully, will be the final line that needs to be drawn through that sorry episode.

I do think that AB needs to clarify his reasoning for the proposed resolutions, which he has not had the opportunity of doing just yet so let's see what he has to say before we jump to negative conclusions. Dilution is obviously a concern but consolidation is not such an issue (see VOG). Hopefully he will explain his reasoning in the next RNS and maybe discuss it at the AGM. Concerned shareholders should make sure they attend the AGM and have their say and vote against the resolutions if they are not satisfied with such proposals.
West
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.08
BMR
21 Apr '15
NCK

Was that not the same attitude that a lot of posters kept pushing others towards, trust MA, why would he buy assets if they have no value, dumps 57,21&22 plus the management fee for DH, above £1m payed, AB says tailings from those dumps not processable.

MA buying BMR shares nearly spending all his pay packet on shares was pushed again & again, ok we did not know
he was trading via Swan & up to other abuse as well, but another item that the NED passed, increase in contributions into his pension, 2011:£160k, 2012:£170k, no explanation why such a large increase, 2013:£12k.

Wet pants not worried at all, under my control, my investment decimated by a simple play of rules & regulations, new
investors come in & buy same percentage as me, for 1/10th of my investment & removal of pre emptions rights means I do not get a chance to buy at same price, wonderful, why would any present shareholder object.

That is not the plan, AB can clearly state his intentions & offer guidance , present shareholders will be able make their voting decisions based on facts, rather than any whisper or conjecture that is posted here.

But at present AB is asking us to remove any protection we have as present holders, no explanation or plans why these resolutions should be voted through. Should I accept a post on here that says "AB has told me no dilution"

Fear will not make me vote through what I consider to be wrong, not in my interest.
West
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.08
BMR
21 Apr '15
Wassatt

That type of thought is running through many heads, but we were not privy to what MA was up to on a day to day basis,
The NED, KS the accountant, DH our manager of assets in Zambia, did they not see anything, has MA lost that much
weight that he could wonder about unseen, or are they allowed to walk because new investors can see a very good
opportunity to seize control of BMR & our investment.

No allegation or any malice towards AB & BMR BOD, who brought them in, who is controlling BMR, we the LTH have
been kept in the dark & it continues with the resolution 7,10 & 11, if they are not important & required to be voted for,
why are the listed, safety for whom, not us present shareholders. Detailed plan, explanation why they are required NO
We can conjecture all day on how things could pan out but AB & BOD need to offer clear plans & explanation, why they believe these resolutions should be voted through, what are the negatives & positives? why do they need them?

More a case of, "you low life present shareholders, do as your told, we are your masters, we will look after ......."

Who brought in AB & DB, who are these wealthy investors who are being passed information & their consent is being
requested, are there already two types of BMR shares, a special one worth more than ours?
Wassatt
Posts: 34,448
Observation
Opinion:No Opinion
Price:1.08
Perhaps
21 Apr '15
AB is actually finishing off what MA started, do we know?
I remember a few years ago some PIs sitting down with MA and coming away feeling very good, perhaps it was the wine, perhaps MA had the gift of the gab
So actually who is running BMR now? And why let MA off with so much.... ????
West
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.08
BMR
21 Apr '15
LJC

You are a well researched shareholder, what is your opinion of the resolutions 7,10 & 11. Lee have you worked any numbers out on how much money has been taken out of the BMR pot?
FireballXL5
Posts: 294
Observation
Opinion:No Opinion
Price:1.08
Valuation
21 Apr '15
The Directors strongly recommend that shareholders vote in favour of all the resolutions which include: a change of name of the Company to BMR Mining PLC to reflect a separation from the past; a share re-organisation to reduce the par value of the shares in order that any new equity funds can be raised by the Company in due course as the market price on the commencement of trading when the suspension is lifted is likely to be below the par value; and a limited share consolidation to restore the likely market price to a level above one pence per share.
Is it part of a Chairman's remit to forecast a drop in value of the companies shares to the market. Should the market not decide the valuation without guidance?





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