Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for taking the time to post your phone call. Hopefully exciting times are just around the corner.
Looks like LSE have updated their system again. Since your post, I have a few messages saying post has been removed and recommended that I adjust my filters to view them. That made me chuckle - they have been put on filter as I have absolutely no interest in hearing what they have to say!
Jlp's RNSs are usually on the rampy side. Bmr's are usually played down. The truth will lie somewhere in between.
Looking on the bright side, at least the delay in nothing to do with BMR this time, it's JLP that are delaying. Maybe it is tricky doing business in Zambia after all, if the mighty JLP cannot get an urgent seat at the Mining Ministry's table.
Shame we didn't get involved with Blue Circle. That would have cemented our relationship with the Mining Ministry better.
RNS out now confirming the transaction. If they'd tried selling that amount on the open market, Jlp price would have collapsed and we'd probably got about 2p for them. Good result all round.
At the 2.50p figure. Sounds fine. Nothing to see here! We can all move on and start getting excited for our imminent return to trading in the next couple of weeks.
Don't GLR need a mining licence if they are going to mine it? All they have at present is an exploration licence.
I beg to differ. I would prefer to have (perceived) poor management with assets than a (perceived) good management without assets.
News is very close if the number of new numpties posting here is anything to go by. Should be an exciting week coming up.
I see the lunatics have taken over the asylum!
Winner will be the first one, between BMR and JLP, to reach a share price of 10p. Bragging rights can commence at that point.
JV already in place according to the information. Wouldn't surprise me if they are beavering away on site already. LC said that their work continued unabated even when the licence hadn't been reinstated.
Plumbs - I'm going for (b) and that he already has a short open. Hopefully, his �500 investment in that short means he will have to put extra hours into his paper round to make up for it when trading in BMR restarts.
Can you sort this out. It's spamming this board to oblivion.
Fair enough. I seem to recall you were raving about TSTR when they were about 1p a share when I was looking at them a while ago so surprised to hear that you have made a profit now that they are just 0.03p. you must have traded that one well. I haven't traded BMR but I not that far down really bearing in mind I have been invested for around 8 years. I'm pretty sure that a decent push on the price over the next 6 months will clear it and am confident that that will indeed be the case.
Surely BMR must be performing a lot better than TSTR in your portfolio? 65bn shares in issue as it has been diluted to hell!
He lost a near four figure sum in BMR last year and has been boring us all there ever since. Loves the sound of his own self importance and reminds me of Walter Mitty.
Some good posts from you recently but the funding one is putting me off still. I am (unfortunately) in COOL, another OKAP company. Ok, their financial situation is dire compared to BMZ but if you look at this release from a few days ago, you will see that he has obtained funding in difficult circumstances (big tick) but the consequences to its shareholders are appalling (big cross). I may be being unkind here, but he just gives me the impression with what he has done to other companies that he will do whatever is necessary to keep a company afloat, ie keep getting paid, without much regard/loyalty to shareholders. By the way, I don't have a huge amount in COOL (certainly not anymore with that Rights Issue that's for sure!) so don't consider myself bitter about PL in general, it's just that everything he seems to have touched recently has failed/is failing. http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/financing-update-on-underwritten-rights-issue-a---/20140806070000PC76D/ This is what is delaying my entry in here. If anyone else was at the helm with a decent track record, I'd be piling in at these prices.
I have already been in this share a year or so ago. I think I bought some at 6p and then sold on a spike at 9p so it's been good to me so far. The silver grades are excellent, there's no denying that. The price of Silver is rather poor at the moment, but it surely can't stay this low for too much longer. Just need another European country to have a financial crisis and it will shoot up! It's just getting to a point where production can actually start that is making me hesitate. As you know with BMR, promises of production mean nothing. The RNSs for both companies promise jam tomorrow. PL can't seem to get the full funding needed either. I wasn't very impressed with the original funding deal and he now seems to be struggling to find fairly mainstream finance which is a concern. the problem with the loan sharks he might have to deal with is that they want an arm and a leg. I will keep an eye on things in the interim to see if he can change my mind.
I'm keeping an eye on this one as it's a decent price at the moment. I have 3 concerns though at this point in time: 1. When is production going to start? It's a very long winter over there so it's too late to start it this year so there's still plenty of time to get in imo 2. I need to see more funding announced without them selling the family silver to get it, if you'll excuse the pun 3. Is this just another salary paying vehicle for PL? Will it end up penniless with a billion shares in circulation? I'll dip my toe in in January if the share price is still languishing then. If it takes off before then, then fair enough there are more fish in th e sea.