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Pin to quick picksBerkeley Mineral Resources Share News (BMR)

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Cut price Tesco shares flying off the shelf

Fri, 20th Jan 2012 11:54

Ken Hydon, a non-executive director of Tesco, the UK's largest supermarket chain, has filled his trolley with £96,000-worth of shares, just a week after the retail giant issued a warning which said trading profit would be flat for the 2012-13 financial year. Hydon, who is chairman of the firm's audit committee, bought up 30,000 shares at 320p each. Tesco shares have nose-dived since the firm's post-Christmas statement revealed the company had not only suffered its worst festive period in two decades, but that UK sales were falling and hundreds of millions of pounds would need to be spent on improving UK stores. The statement sent the chain's value plummeting by £5bn, although the stock has regained some ground after Warren Buffett, the legendary American investor, significantly boosted his stake in the supermarket giant from 3.6% to 5.1%. Buffett made the purchase on January 12th through his investment vehicle, Berkshire Hathaway. Masoud Alikhani, Executive Chairman of Berkeley Mineral Resources, the Zambia-focused minerals company, has dug deep and purchased 1.2 million shares in the firm at 3.89p each. The move takes his stake in the company to over 20 million shares, equivalent to 2.03% of the issued share capital. In recent weeks the company's share price has reversed the pattern of the past six months, gaining over 60% in the last four weeks. In December the firm bought an option on stockpiles of copper tailings - the residue of mining activity which often become available for processing after a mine has closed - located in the Chingola area in the north of Zambia.Speaking at the time, Alikhani said of the deal: "Zambia is already the world's third largest exporter of copper. Substantial long-term profits and cash-flow will accrue to us from the compelling economics of the resources BMR can acquire at Chingola."Top Director BuysTesco (TSCO) Director name: Mr Ken J HydonAmount purchased: 30,000 @ 320.00p Value: £96,000Berkeley Mineral Resources (BMR) Director name: Mr Masoud AlikhaniAmount purchased: 1,200,000 @ 3.89p Value: £46,680Top Director SellsPolar Capital Holdings (POLR) Director name: Mr B J D Ashford-RussellAmount sold: 700,000 @ 190.00p Value: £1,330,000Mood Media Corp. (DI) (MM.) Director name: Mr Justin BeckettAmount sold: 49,800 @ 166.66p Value: £82,997NR
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23 Jul 2018 13:09

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

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11 Jun 2018 18:38

BMR Raises GBP416,000 Via Jubilee Metals Share Placing To Creditors (ALLISS)

LONDON (Alliance News) - BMR Group PLC on Monday said it raised GBP416,000 through share placing in Jubilee Metals Group PLC.The mining company holds 63.2 million shares in Jubilee Metals.

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29 Mar 2018 13:48

BMR Group Loss Narrows As It Seeks To Reclaim Kabwe Licence

LONDON (Alliance News) - Lead and zinc miner BMR Group PLC on Thursday posted a slightly narrowed loss for its first half as it continues to try to get back the licence for to

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20 Jan 2017 08:56

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

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29 Dec 2016 09:20

BMR Group Eyes Expansion Opportunities As Loss Narrows In Year

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5 Dec 2016 09:31

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

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28 Nov 2016 12:05

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

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28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

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14 Nov 2016 09:07

BMR invests in metal exploration property in Portugal

(ShareCast News) - Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal. The property contains tungsten, tin, gold and silver among other minerals. The option was granted by Mineralia-Minas, Geotecnia E Construcoes, a private Portuguese geological

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23 Sep 2016 11:07

BMR Group secures funding for Kabwe development

(ShareCast News) - BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International. The AIM-traded firm said t

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8 Aug 2016 09:47

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

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8 Aug 2016 09:22

BMR Group signs off-take agreement with African Compass International

(ShareCast News) - BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia. The agreement provides for the off-take by ACI over a minimum five-year period, beginning within six months of comm

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1 Aug 2016 12:05

BMR set to agree larger facility for Kabwe plant

(ShareCast News) - Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week. The facility, which at the end of June was only expected to be $2m, is to enable constructio

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30 Jun 2016 10:41

BMR Reports Progress On Kabwe Facility In Zambia Amid Offtake Talks

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16 Jun 2016 17:08

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

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