Member Info for BringMyReward

That's only his suggestion. They've had plenty of time to buy that asset, wouldn't they have done it by now if they could? Same with us, if they were going to buy Kabwe it would have happened by now?

I'd assume they will use the money to build plants/infrastructures onsite at other companies assets e.g. Kabwe. I'm pretty sure it stipulates in their RNS that it can't be used for assert acquisitions, if that's the case there's nothing to misinterpret.

I thought JLP's $50m project funding facility can only be used for projects and not asset acquisitions. Surly that throws buying Kabwe or any other asset with that money out of the window. How else would they acquire such valuable assets? They don't have enough cash so that only leaves issuing more shares.

Yeah, I'm not expecting to get a very good price on the JLP shares. I think we will learn more about the sale towards the end of next week.

With JLP losing 30% of its value so far this year, I don't think all of that can be pinned on BMR. There are other factors apart from the weakness in Platinum prices. JLP have had operational problems, any investor should be aware of this?

There could be an update Tues, but I think it will be week 25 when news arrives.

It's not gone unnoticed that certain individuals have turned up, now that we are close to news again. It just so happens that this is the news we've all been waiting for...

I agree, Troajan, I'm not really fussed what people have to speculate on. Even I could be way off the mark. It doesn't really matter what people say at this point, it's what actually happens that matters. As we know unexpected things can pop up and things can happened different to what's been reported. Should find out all details no later than Friday 22nd June (2018) lol.

"I know kabwe is huge and all of that but I worry it's taking the eye off of the bigger prize." What bigger prize is that? Platinum prices are not much higher than two years ago, it's not likely to shoot through the roof anytime soon. Over at Kabwe you have Lead, Zinc, and Vanadium, all pushing higher and likely to continue doing so. Why do you think LC took 29.01% in BMR and a 40% profit share in the project? Kabwe could be the making of JLP's "mid-cap" dream.

Yes, I know the difference. So tell me how they make profit before they get their original investment back?

Lol. How do they make a profit from day one? They would have invest over £2.3m by the time we start producing. Until they get back their original investment there is no profit.

Depends what the costs are.

AB told me different. Said they just get a split of profits after costs.

They don't get paid to process it. They get a 40% share of the profits. That's the reason for buying into the project.

From what JH told me the process has been tweaked by JLP and they have improved it "slightly" (in JH's words). So I'm doubtful of any significant changes to the process. Also do you think JLP would get involved in the first place if they felt there was no profit to be made, even with a 5tph plant? LC and CB have been shouting from the rooftops about how profitable this project will be, so stop kidding yourself. Anyway, not long until we find out, sidebar... P.S. Even if the extraction costs have gone up. Zinc and Lead prices have gone up since that update, and Vanadium sells for $34k a tonne with little to no cost for it's extraction. So basically the costs will be dwarfed by the metal sale values.

Good post. I doubt we will even bother issuing more shares after we start producing. It's AB's plan to take out a loan which will easily be achievable when we have revenues. There's a good chance that after this shareholder subscription there will be no more dilution for us.

Yes, nicely summarised, plumbus :)

sidebar, Dambuster, I think a lot would have changed since suspension. The JV is signed and all that's left to do is release the construction/project plan details, these should be out within two weeks. Also if the share placing goes ahead at 3p with 5p warrants, not only will BMR be fully funded through to production, we will have a decent target of 5p to hit/surpass in the near term. It is unfortunate about the JLP shares we are having to relinquish, but we should still be holding just over 30m shares after the payment has been made. I suspect we will be hanging on to those until early next year, and hopefully JLP would have doubled in price, so we can at least get a decent amount of money from those. More importantly, by the time we come out of suspension we should hopefully be less than 6 months away from revenue, and if we start producing Vanadium from the off, you had better start revising your SP targets! We are talking some serious profits, even with JLP having 40% of it!

Thanks aimy (if that post was aimed at me lol) - I love you too :)

Good post, Bryn. I'd like to think we aren't quite in the MA era anymore and I think when the plant is fully constructed it will be for real this time lol. All the best.