Betts, good post. WRT a takeover or JV or simply finance, a lot rides on seeing the first production to prove these piles of dirt can be turned into a product with a profit. Then IMO we will see some serious developments good or bad. I hope MA has put in some anti-hostility mechanism. That is to say I hope a takeover it is not as simple as buying the majority of shares of BMR because the recent SP shenanigans looks suspiciously like large scale accumulation with the complicity of the MMs.
one day BMR will come good 20p+ and all that but in the last few weeks I have started to have the doubts back.
I always believed the Kabwe all ours RNS was the single most important piece of news we have ever had but the news we actually needed was funding secured as we seem to have run out of dosh before we ever got to produce anything. The prospect of a takeover has also now become a nightmare after witnessing how easy another small miner swallowed another with the PI's effetectivly receiving nothing but future promises for their shares
Looking forward we have the results due next week and news before the AGM possibly.
I was referring to your share purchase of 2.5m at 2.2p
Quote 1 "Good to see a large holder like myself keeping cool. (2.5 million @ 2p) My target is 20p what's yours?"
Quote 2 "Reduced my holdings in BMR by 45% because it was lobsiding my portfolio (bought 4 others with the proceeds). My point? Just spreading the risk really (1 million bought 2.4p and sold today at 6.9p) . Nice 45k profit but happy to leave the rest in and wait for that RNS in two weeks or so. GLA."
Your earlier posts states you had 3.5m shares with an average of 3p but you purchased 2.5m @ 2p and brought another 1m at 2.4p which you sold for £45k profit......... Little porkies somewhere in your posts :-)
LJC - yep I was full of hope a year ago. But like I said I want to see something happen now before I top up even if it means paying 3p again. But they do need a team out there to get things moving, sound like it is just guys in lab coats.
Since that dreadful presentation back in Sept 2012 there has been a trail of missed deadlines. Up until a month ago I held 3.5 million of BMR shares at an average of 3p. I decided to sell reluctantly 2.5 mill at an average of 2.2p taking the 27% loss on the chin. The potential for BMR is immense but somehow they do not appear to have a team that can get things done. Fortunately I have recovered my losses and current paper loss on the 1 mill I still hold by investing elsewhere. I do really want to see BMR succeed and like many of you I have been in this for sometime. I may increase my holding if by some chance something that MA states concerning production actually happens - so far this has not and I am very disappointed in him and his team. I cannot unfortunately make the AGM but the board really need a grilling. GL for those who still hold.
Even if he had done those things the sp would still be no better IMO..
Can I point out that for the last 12 months the sp has been between 3.14 and 2.1p you would think with all the so called delays lack of information and lack of funds the share price should be sub 1p........
I don't think BMR has suffered that bad compared to most of the aim market.. Someone or something is keeping the share price up.
Hopefully all those people quick to jump on how MA is running the company will make sure they attend the AGM to voice their opinions....
Can't swallow that mate. If ma had published a programme of consultation and paperwork timelines with clear milestone the market would have seen zema for what it is a process that ma is prepared to complete, the market saw it for what it is company low of funds stretched to thin stalling!
If you read the article you can see what hurdles ma had to climb to get zema approval.. He has been doing these over the past few years. If ma told everyone everything we had 2 years ago the sp would probably still be where it is now anyway.. Better of keeping it back until zema approval and then letting it out afterwards IMO.
Thank you LJC clearly very complicated and now sorted after all this time. So where from here. As usual we have another hurdle namely ZEMA. As a long termer I have to pray it will all be worth it. Profit margins are the key to a higher value and from posters like Wrecker he seems confident we will have far higher margins than our competitors. I just wish MA could have been far more open with us and explained the situation ages-ago. Thanks
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