Post rec'd - I bought in here with limited research purely as a speculative punt, as, like you, I believe the business model is very sound and full of potential (if BMR can exploit - and fund - further acquisitions of discarded spoil) The route has not been easy with change of ZG also global woes have not helped - but still have faith that a profitable gain will eventually materialise
When someone attacks me I will post regardless of whether I hold shares or not. I believe in free speach unlike yourself who acts and behaves like the gestapo. There are many good posters on here like eric, sacca, ljc, frey etc who I would love to see benefit from bmr. You on the other hand well enough said.... have a pleasant w/e I intend to spend it with the family. .
A lot of discussion on the boards today about FS or lack therof. Without a FS and no history of production I think bank finance would be unlikely. What about offtake finance or a buyout. Feilong have said they want production before they commit, are others going to be cautious as well? Why are we so close to production but in such a precarious financial situation? Where are the JVs and offtakers? We need some answers. Interesting that other posters are starting to read between the lines and ask awkward but entirely justified questions.
You told us you wouldnt be posting here as you have sold out. You cant keep to what you say. You posting on here is out of bitterness as you lost on your investment. Constant digs at bmr and MA when your not invested is out of anger as you lost out. You should do what you say and dont post on here again but i guess you will still continue to post as you want others to lose out as you did.
Why do you feel the need to keep having a pop, all your doing is assisting in dragging this board down for others. I have never backed down from a fight in my life and I never will so its no wonder I respond to you when you insult me or others. Anyone reading last nights posts can see that you set the tone by being dam right rude to a civil post I made to harle. For your info I don't have a grudge against bmr but I do feel MA has misled share holders in the past. I have moved on and am happy with my lot sure I made mistakes and one day I may buy back in but that day is not now but neither does or should it prevent me from continuing to express an interest in bmr. I dont think you realise the harm that you do to this board. It seems many others like me have serious concerns about bmr time will tell if I am right or not. What is not in doubt is that you and many others have been seriously wrong about bmr and your expectations of where we should be or where we will end up. In many ways the way you attack any post that isnt positive is indicative of insecurity. Maybe it is you who need's to take stock and open your mind to all posibilities. Have a pleasant weekend and thx sacca...
I think that the change of strategy has been caused by MA 's realisation of the value of the "other" metals uncovered by Feilong. This has complicated matters. And now Ascot have been brought in to exploit these. Just my opinion .
April 2012 - The Directors believe that the ability to process both the washplant and leachplant material by the same process has strong operational and capital cost advantages. April 2013 - Further to the announcement of 12 March 2013, in addition to completing the Washplant Pre-Feasibility Study, Ascot is continuing to develop the processing programme for the Leachplant tailings at Kabwe. Confusing or what?
"We are steadily working towards production and this is the final stage before BMR receives the Pre-Feasibility Study, after which we can finalise the production timetable for the processing of the Kabwe Washplant tailings."
Correct me if I'm wrong, but isn't the PFS the initial stage before FS and only then the production plan and plant design and implementation? All these stages would be gone through even before the diggers would move in to lay the foundations. Yet here we have the plant well on its way to completion (if it's true we will be in production by August) before anyone 'officially' knows if it feasible or not. Also we are still sending out samples a good 12 months down the line from when Feilong first began testing. We've had Mintek, Feilong and now Ascot all testing them for over a year in total.
From an outsiders viewpoint, it seems we are steaming ahead with production before all the preliminary stages have been fully gone through. Perhaps this is the way BMR want things to appear at the moment, but something is definitely not quite adding up here.
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