I suggested a while ago that the ZG was giving BMR a nudge by talking to Vedanta I think pressure from ZG will slowly build now so BMR must soon (MA's favourite word) take a bold step forward to protect what has been achieved so far.
Somehow, in the dark recesses of my peabrain, MA extending the warrants just makes my head wobble a bit. I'm not too happy today, that's why I haven't posted until this evening. Anyway, head is wobbling only because I see every extension as yet more leeway for him to do the bare minimum, and this time around it's from now until October. He keeps extending the warrants every 6 months, so that he can do another 6 months of f' all. Lol. No sense of urgency. That's what is seems like to me, but as I say, I'm fed up today.
Seriously though, I'm hoping that the Zambian government is sticking a rocket up his backside now, because being invested here is a bit like experiencing one's own torturous, lingering death. In view of how complex a pathway MA has taken to date, and how much time it has taken for him to get our Company to this stage, until we have confirmation, I remain quite concerned about whether BMR will be given this Processing Licence. Is it a formality? I hope so, but not really sure about it.
The government wants action Saus, not words of action, which is what we've had to endure here for so long. Fingers crossed then, that this time it will be for real, and MA's actions will speak louder than his words. I'll feel much better when all relevant licences are in place.
Popping off again now. Going to flay myself severely with a steel rod, while I watch Bloomberg tv.
Your posts are still very negative, but at least one or two today had a bit more padding. Keep up the good work. This should come right, so try not to worry, it will only make you ill. Wait for the facts and see where they take us.
Warrants extended. Good in a way, as we have this route of finance to fall back on. MA can do this every 6 months until the end of time though, while BMR dawdles its way towards becoming a business. What I am surprised at, is that the warrant holders haven't told MA to shove the warrants at 6p, considering where the sp has sat for most of this year and last. Or, told him that they didn't themselves want to extend them.
The conclusion must be then, that the warrant holders believe in BMR and must still view the 6p execution price as a near-term bargain, especially in return for so many shares. I doubt they would help MA out otherwise, just because they may be his mates.
You enjoy a tightrope walk then - agree another spike will happen - probably when on hols up the amazon etc. will not be putting any more in though - looking at healthcare sector in pursuit of further spec shares
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