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Aye, JLP obviously have their own plans and timescales for the plant but I'm sure they will need to get a move on come start of 2019.

I believe the money that BMR recovered is in the region of £300k, the exact figure will be published in the results at the end of the year... I know they got a bit more than they expected. The acquisition is anyone's guess but it had better be good for us.

Like you say, there's not much to talk about at the moment so I will remain fairly silent until we get the news on the acquisition and re-listing.

Here's hoping BMR is re-born in 2019 (lol)

Hello Mr Draven. Good to see you back here.

Lol, we all live in hope... I'm not too happy with the situation at the moment. I'm hoping BMR will re-list early next year, and that JLP get a plant up and running so we can start to receive an income.

Let's see where we're at early 2019. Should be in a better place if nothing gets worst lol.

Interesting article published on Proactive Investors today regarding GLR, Star-Zinc, and Kabwe.

Looks like Colin Bird was interviewed and is quoted giving some information. It makes it sound like the deal between BMR and GLR to dispose of Star-Zinc and Kashitu is a done deal, yet it is still to be concluded. Note that GLR have already paid £50k to conduct exclusive due diligence.

The article also alludes to Zinc being sold in April/May of next year, which would suggest a plant at Kabwe would need to be operational by then. Interesting…

“So, on current plans, it looks as though cash flow from Star is likely to come through in April or May of next year.

Initially, mining costs will be low, since the lateritic material on the surface can just be scraped away. After that, the mining will get a bit more serious when Galileo hits the willemite ore that contains the bulk of the zinc since that will need to be blasted.”

https://www.proactiveinvestors.co.uk/companies/news/209589/cash-flow-from-zinc-mining-is-now-only-a-matter-of-months-away-for-galileo-resources-209589.html

Interesting article published on Proactive Investors today regarding GLR, Star-Zinc, and Kabwe.

Looks like Colin Bird was interviewed and is quoted giving some information. It makes it sound like the deal between BMR and GLR to dispose of Star-Zinc and Kashitu is a done deal, yet it is still to be concluded. Note that GLR have already paid £50k to conduct exclusive due diligence.

The article also alludes to Zinc being sold in April/May of next year, which would suggest a plant at Kabwe would need to be operational by then. Interesting…

“So, on current plans, it looks as though cash flow from Star is likely to come through in April or May of next year.

Initially, mining costs will be low, since the lateritic material on the surface can just be scraped away. After that, the mining will get a bit more serious when Galileo hits the willemite ore that contains the bulk of the zinc since that will need to be blasted.”

https://www.proactiveinvestors.co.uk/companies/news/209589/cash-flow-from-zinc-mining-is-now-only-a-matter-of-months-away-for-galileo-resources-209589.html

Interesting article published on Proactive Investors today regarding GLR, Star-Zinc, and Kabwe.

Looks like Colin Bird was interviewed and is quoted giving some information. It makes it sound like the deal between BMR and GLR to dispose of Star-Zinc and Kashitu is a done deal, yet it is still to be concluded. Note that GLR have already paid £50k to conduct exclusive due diligence.

The article also alludes to Zinc being sold in April/May of next year, which would suggest a plant at Kabwe would need to be operational by then. Interesting…

“So, on current plans, it looks as though cash flow from Star is likely to come through in April or May of next year.

Initially, mining costs will be low, since the lateritic material on the surface can just be scraped away. After that, the mining will get a bit more serious when Galileo hits the willemite ore that contains the bulk of the zinc since that will need to be blasted.”

https://www.proactiveinvestors.co.uk/companies/news/209589/cash-flow-from-zinc-mining-is-now-only-a-matter-of-months-away-for-galileo-resources-209589.html

Somebody stuck a nice amount of cheddar into WRES...

5mil and 9mil buys 10 seconds apart!

Anyone else notice this? Sorry if it's already been posted...

"W resources: Northland Capital Markets reiterates buy with a target price of 1.2p."

I have filtered the one that shall not be named. It certainly cuts down the reading of today's posts.

It's a shame about the lacklustre response on the SP but I think it's mostly down to traders taking a quick 10%. Once they're all out we can hopefully look forward to another move up. 0.50p should be a very solid base now, based on today's news!

Awesome news. At least we will be producing and generating revenues before full ramp up mid 2019.

The gold (sorry glod) news is now delayed for a few months but might be a nice piece of news for early 2019. Question is, what will this do for the SP?

buy of 2.5m. that's the single largest buy I've seen for a long time.

Hopefully news of more commission wins are just around the corner. We could do with a boost in SP and get back to a more sensible level.

Purchased 1.3m shares and has been granted options over 9m shares at over 0.42p. is that a sign that the SP is heading in one direction? Yes, it's heading upwards from here, a long way up.

Thanks Vig. BMR Watch wouldn't be what it is without Laffer and the rest of the Committee. Everyone is doing their best and progress is still being made.

plumbus, I think it was considered years ago but BMR decided they wanted to build their own plant onsite at the Kabwe mine. Maybe a costly mistake in the end?

Hey scottie. Yep all quite on the BMR front, they must be working to finalise this acquisition.

I see JLP are still working to progress Kabwe...

BMR Watch are trying to arrange another meeting with the BOD over the next few weeks. Perhaps if Colin is in the UK for the JLP AGM, we might get chance to talk face to face with him.

Any lower and we will be valued at less than £5m. Ridiculously low!

It's another reason for BMR shareholders to be unhappy about the recently announced deal from GLR. When the deal was first announced the SP was 1.15p and has now fallen over 20% since.

Just checked the SP, this has gone down a fair bit since I last looked in. I mentioned a while back that GLR might do a placing at 1p, but looks like if one does happen it'll be a lot lower now.

Yeah, I think BlackRock are well aware that WRES is going to be worth a lot more in the coming months/years. That's why I'm thinking they might start buying shares to go along with the 5% they'll get through the warrants.

Anyone think BlackRock might build a stake here?

and a nice little rise today!! I'll be happy if it bounces between 0.5 and 0.58 for a short while.