If/when we get the license we will push on from here. To get the Govt of our back and support BMR will be a major positive. Thank God we have JLP by our side or it probably would have been curtains however whoever gets the SML will have to do business with BMR. Thats why none of this makes and logical sense.
Alex Borrelli never knew BMR would have there mining rights taken however i would guess that the markets have had some suspicion and risk hence the poor share price imo. 600 mining licenses have been taken back this is computer generated. If your not processing the computer will send out the letters. It is important for BMR to state the case which now is a very strong case that BMR intend to process the tailing dumps this year and plans for a plant are now underway. Of course BMR are not mining and do not intend on mining the underground anytime soon in fact i think we would have to apply for a renewal license about now anyway for the LSML. Why have Sable Zinc not have there license revoked. You have to watch Glencore. BMR hold title to the dumps the ZG cannot revoke that so they must see BMR and the JV are the only solution to production at Kabwe or legal action will take place. ZEMA have given BMR 3 years to process. We have done everything by the book. it could simply be computer generated nonsense but we will have to state the case. So close but so far.
Investors are missing the point pointing fingers at Alex Borrelli. BMR are not a mining company they are a tailings processor. When has BMR ever planned to mine. Why would they think they would be part of this political action. I believe when the dust settles the licenses will be reinstated but we must proceed quickly now.
Just when you see light at the end of a very long tunnel WHAM! you get hit right in the nuts. I assume the everyone would now see the Jubilee deal a fantastic deal now.
Will the ZG reinstate our mining license. Will there be a vulture seeing an opportunity. Absolutely yes. I hear there might be a company. BMR have taken an eternity to get to production and no wonder the ZG have lost patience hence the ZG have used the delay to withdraw the license. My gut feeling is that ZG is using this as a threat to push EPL implement the project. The easier to grab is the large scale licence as it does not have many issues. But the small one is a nut to crack.....it has a title. Implementing that project is not a walk-in-park like a copper project. It requires highly skilled labour and I believe EPL have reached a level where they should not be disturbed. EPL are pushing ahead on site with plans to build the plant with Jubilee. My belief is we will get the license back. The ZG want jobs. Companies sitting on licenses doing nothing but hoping to sell them is not what they want. Hopefully this is a wake up call for BMR and we can push ahead with our JV plans or we are all f....d.
Valencia you can't be bothered in replying but then proceed to reply with the biggest post in years. You are a lame duck void of any BMR knowledge. The way you turned on Nubie1 on LSE was a disgrace. You have offered nothing but insult a good person who doesn't post anymore most likely because of bully valencia. Do you remember the days of GG when you asked for the information to be displayed first on our little private secret group. I disagreed as the GG were entitled to this information and there was no way i was giving you and others a heads up.
Here we go now LSE just think about this . Imagine if there was no ACI. I will repeat it in capitals IMAGINE IF THERE WAS NO ACI. Now Alex has taken alot of stick on ACI but did he actually pull off a tactical success with JLP. OK let's say there was no ACI what deal would JLP offer BMR. If you think the deal isn't great now then think about it if there was no ACI . I would guess a straight 50/50 split on profit and assets at the very best. ACI has allowed AB the opportunity in working with JLP which i believe would be his first option especially in light of metal prices rising and the vanadium that will add extra profit to the process. Now we all know that AB is an accountant he aint no mining guy. Why did AB want BMR? Why has he always been confident in BMR reaching production? If you want to repair and prepare a company for selling what profession would you send in ? .
Bringmyreward weightissue is Klueloss. Im not surprised your friend Klueloss didn't want to put you right on that one PMSL. Mr Draven ( hypocrite ) imposter keep posting. You have no credibility your cover story has run it's time. No one believes you now well maybe Valencia does
Why would so called Long term investors daily post comments that would harm there investments and of others. I have a theory. When they post they are not trying to destroy there investments they are trying to cope with their problems and pain. In fact, investor self destruction may be a way of helping themselves go on living. However, in the long-term, there investments suffer even more which prolong there pain and ultimately there own personal well being. I feel sorry for Eric who is also a hypocrite and kluloss/weightissue who is very typical of the above . For the sake of your own well being find a distraction away from destruction. You might find peace from your pain and problems. There is so much hatred in there posts its not normal. It actually brings out other like minded warped posters who can't leave the past but still live in the past. Poor Valencia.
The old guy on LSE Eric Draven yaps on post after post how BMR have never kept to there promises. Well Mr Draven on numerous occasions has posted he will stop posting due to his gloomy predictions and tired of BMR. Has Mr Draven stopped posting NO. The same posts year after year. He doesn't keep to his word as he is a fictitious character creating a story that he has an average of 50p. Total nonsense. If my average was 50p the last thing i would do is post on BMR LSE insulting the very people that are trying to get 50p. Absolute rubbish. He was invited on the old GG when he was so desperate and was down on his knees. He declined because he would have to declare his true identity. ERIC DRAVEN is some kind of imposter. He most definitely is not the real thing. Year after year he posts that he will STOP posting yet year after year he keeps posting never changing his outlook and Klueloss/weightissue well the less said on them the better. LSE sadly has become a site full of suspicious characters and most definitely not to be trusted.
I am without doubt convinced that 2018 will be the best year for BMR in our long and illustrious history. Simple as that really. What's another year lol. What annoys me is that AB and the other chap gave the impression that they could deliver Kabwe to production on there own . Clearly that's not the case but potentially imo have created the best deal of them all with JLP. I know we are giving away a fair chunk of profits but JLP will deliver on the project and wouldn't that be a relief. Can you imagine how quickly ACI money would just dwindle away with JH in command. My belief would be he would produce something but not as good as JLP . Funds would be wasted and possibly we would need outside help and so here we go again. Lets cut out all that nonsense and allow JLP to do all the work at a price. I truly believe that is without doubt the best option. BMR imo always needed a partner now whether it was Glencore or some Chinese outfit or Ascot or whoever it's my view giving away profits is far better than giving away the asset which i believe other's would have squeezed out of BMR. Some say it was a bad deal for BMR but JLP shareholders say it's a bad deal for them because they have no hold on the asset. That is key not profit but asset. I have to give AB credit there despite the share price lows i think finally there is light at the end of this long tunnel. The question is can the share price hit the 20's in the short term. I think Kabwe is finally in the hands of a company that can deliver on all the promises of the past 5 years. I hope everyone gets behind the company for one final push after the AGM . Any false dawns you can all say what you want but stop the constant bashing it certainly doesn't help our investments . I wish i had some spare cash but news always comes around just before tax payments in January.
4 Dec '17 - 08:26 - 29657 of 29659 0 0
Not sure if folk here know but one of Berkeley's shareholders(Lexinta AG) could be in a spot of mischief this past year and would surmise that its shareholding has/is/going to be forceably sold down. Lets say there are eyes watching BMR, as it will have large ramifications elsewhere. And maybe this could be the reason for the weakness in the share price here as well.
I don't understand why an open offer wasn't awarded to all existing shareholders too... surely some of us would have bitten, and that would have created more cash. It's a piass take to liquidate us poor fools. Laos;Lagos/London: what's the difference, everything is corrupt.
Earlier today I bought 30000 @ 2.04 so I still think we'll survive though I see in the rns they are still hoping that ACI will provide. I think they should tell them to go away and do something with themselves in private
They should have offered us those shares @ 2p
"BMR Group (LSE:BMR)Brexit and LSE:BMR:BMR Mining have quite a bit in common. For instance, despite a lot of talk, the last few months have been punctuated by the production of absolutely nothing. Additionally, people tend to get bored with an ..."
" BMR GROUP (LSE:BMR) BREXIT and BMR have quite a bit in common. For instance, despite a lot of talk, the last few months have been punctuated by the production of absolutely nothing. Additionally, people tend get bored with an absence of ..."
To hedge your bets - how about buying some shares in JLP - this is the 4th deal they have done and one is throwing off cash, another is just starting to throw off cash (news due in next 2 to 3 weeks), a 3rd is paid for in full and they have just done this deal with BMR which looks very lucrative for JLP. They have a £50 million war chest to buy more / go in for more joint ventures. A rapidly expanding company and all assets look to be very profitable - own both BMR and JLP to reap the full benefits that you invested for and more.
Maybe we should drop a hint to AB that we would be prepared to support a rights issue or open offer at say 3.5p That's half my breakeven price so would be interested
On Barclays site a poll of ten brokers, all of them have BMR a BUY
Absolute nonsense being posted on LSE. Call themselves investors. They dont know the first thing about business. Its a hard read so i would advise anyone who has a life don't bother. Same old drivel by the same people. Monday to Friday and the weekends of the same bashing lack of business intelligence but hey ho they think they would all do better. PMSL. Jeez every day posting the same nonsense. Why can't they get a life. There was one guy who had £1280 invested and he was flapping like a flag in the wind. Big investors are being patient doing research and looking forward to success. These people on LSE should never ever invest they simply don't have the bottle for it. Jeez to think the same flappers will be posting the same stuff this week the week after and so on is unbelievable. GET A LIFE ! Where do we start. OK the ACI deal in its previous form is DEAD. Get over it. NOW being dead we have to find another plan. YES LSE flapping crew and it takes TIME to agree another deal. BMR AB have big ambitions. They want BMR to be the next BIG thing on AIM however and it has always been AB's problem is FINANCE. YES AB does it by the book he is not MA who created a market a special little market just for BMR. MA did his best keeping a high share price for BMR and just think about how rubbish BMR was back then but he could command 6p old money for the shares. MA run out of time. Simply there was no plan B and AB stepped up a guy that could get us to the finish line if given time but he does things by the book so any funding will not be great so therefore if he can seek other options then thats great. As i said there is more to life than Kabwe. Its my view ACI want a deal to go through but lets face it the previous deal was too good. The funders were not prepared to give BMR cash for Star Zinc but they like it. Why has AB given priority to Star Zinc and why did he not make a deal for Kabwe because he needs to tie up Star Zinc quickly so imo ACI can still do an offtake agreement with BMR a more simplistic deal lets say more pleasing to the funders. If as some have suggested that BMR may give up part of Kabwe then WHY NOT. There are bigger most probably better sites out there than Kabwe which has been like swimming with a cannon ball around the ankles. I would wait and see what happens with Star Zinc then lets see if ACI come forward or another source of investment in Kabwe YES PLAN B LSE.. This would allow us to start processing and PROFIT open up new funding options and look to other quality sites in Zambia or elsewhere. I AM FED UP READING ABOUT KABWE being this diamond of an asset.. Kabwe has been the most problematic asset in mining history. Move on and look elsewhere. We need the investment as we have the contacts knowledge expertise now. NOW LSE get a grip. GO AND GET A LIFE as clearly anyone that is so negative about there investment would make anyone seriously ILL. Maybe its too late for some of them on LSE but PLEASE CALL CALL CALL CALL CALL HIM and PLEASE stop this constant bashing of all our investements. SHOW SOME RESPECT!!!
"FTSE for Friday and BMR Group (FTSE:UKX & LSE:BMR)Our comments about a 'surprise' recovery at the start of September look close to fruition. Perhaps we saw this on Thursday (usually a negative day on the @GB:UKX:FTSE 100) with the market ..."
" FTSE FOR FRIDAY and BMR GROUP (FTSE:UKX & LSE:BMR) Sometimes, we see a share behaving strangely and feel the need to say something, if it's one we know but don't cover on a daily basis for clients. On Thursday 31st Aug, BMR did something ..."
Galileo Resources PLC (LON:GLR) has announced it is to exercise its option to acquire the Star Zinc project in Zambia through a joint venture to be established with BMR Group PLC (LON:BMR), and has raised around £1mln via a placing to fund the move and other projects.
In a statement today, the AIM-listed firm said it has entered into a binding agreement with BMR to conditionally advance the firm US$591,600 - at an interest rate of 12% per annum - which is intended to be used for the purpose of completing the exercise of the option.
READ: Galileo Resources says preliminary drilling results show Concordia copper project "promising and well worth pursuing
Galileo plans to subscribe for a 51% equity stake in the joint venture through a newly created special purpose vehicle, to be named Enviro Mining Limited, which will be financed by the cancellation of that loan.
In late afternoon trading, Gallielo shares held steady at 2.38p, while BMR shares jumped over 30%, or 1.00p higher to 4.25p.
Colin Bird, Galileos chairman and CEO said: "This joint venture with BMR on the Star Zinc property gives us a position in the very promising Star Zinc resource close to Lusaka, Zambia.
The availability of primary Zinc deposits is diminishing and Star Zinc is open ended in both directions and depth with the strong possibility of other similar occurrences within the concession boundaries.
Our first step will be to confirm the current non JORC resource, followed by trenching and sampling of other areas and thereafter drilling."
Beaufort Securities raises over £1mln via placing
Galileo also announces that the company's broker, Beaufort Securities, today completed a placing of 54,672,500 new ordinary shares at a price of 2.0p each to raise £1,093,450 before expenses.
The group said, in addition to its acquisition of interest in the Star Zinc project, it intends to use the proceeds of the placing and a director's subscription to fund, amongst other things, follow-up exploration and drilling on its US gold property in Nevada, and advancing the company's Glenover Phosphate project in South Africa.
Full-year losses narrow
The expansion plans came after Galileo reported full-year results in a separate statement earlier today which saw its loss narrow as the disposal of its US gold asset was offset by a foreign exchange boost.
The AIM-listed miner sold the Gabbs gold-copper property in Nevada for US$2.5mln cash in August 2016 for which it booked a £469,259 loss.
Galileo reported a total comprehensive loss for the year ended March 31 2017 of £16,675, narrower than the £784,499 loss posted a year earlier thanks to a foreign exchange gain of £1.4mln, versus a £364,872 currency loss the previous year.
The firms headline loss for the year was £1.4mln after the Gabbs disposal, compared to a £419,627 loss a year earlier, with operating expenses rising to £871,776 compared to £435,862 the year before.
READ: Galileo Resources signs terms sheet to advance Glenover project
Looking ahead, Galileo simply noted that drilling at the Concordia project has been completed and the results are under review.
In June, a major phosphate producer confirmed its desire to undertake a two-phase pilot plant phosphate flotation Galileos 34%-owned Glenover project in South Africa.
In his statement, Galileos chairman Colin Bird concluded we remain committed in our quest to identify a large resource, which will be transformational for the Company and its shareholders.
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