|BMR Mining Daily Update: Bmr Group is listed in the Mining sector of the London Stock Exchange with ticker BMR. The last closing price for BMR Mining was 6.63p.|
Bmr Group has a 4 week average price of 6.69p and a 12 week average price of 6.35p.
The 1 year high share price is 8.63p while the 1 year low share price is currently 2.75p.
There are currently 183,085,459 shares in issue and the average daily traded volume is 263,898 shares. The market capitalisation of Bmr Group is £12,815,982.13.
|bookwormrobert: Very surprised the share price didn't rise by more today. Perhaps it will take some time for the full financial implications of today's RNS for BMR to sink in.|
|kryptonsnake: Qsmelly,for someone who is supposedly invested, some of your posts are very negative regarding the company and share price. Although you can buy on the open market for less than 7p, in 6 months time people will be wishing they still had the chance to get in at that price.
Still 5 weeks to go before the warrant period is up. How do you know we won't be above 7p by then?|
|qsmeily456: AB etc should be rewarded through a ladder of priced options completely aligned to the BMR share price.
Anything less and you lot run the risk.
I'm not convinced by words in AIM RNS'S
|qsmeily456: NOT MY WORK this guys good!!!
DONT ASSUME 24/7
Assuming minimum 5tph 24/7
3,360t a month minimum processed at a cost of $504,000 ($150 a tonne)
Using today's market prices and initially producing only
Zinc Heptahydrate minimum 500t
$675,000 revenue ($1350 a tonne)
Lead Sponge minimum 300t
$615,000 revenue ($2050 a tonne)
Monthly revenue initially $1,290,000
Monthly Processing Cost
If the above is true then we have initially
$9,432,000 / Shares in Issue 173,831,728 = EPS 5.4c
5.4c x Exc Rate 0.8 = EPS 4.34p
Multiply by PE Ratio of 6 (Just for QS) = Share Price 26p
Not sure what PE ratio we can expect exactly, CAML are at 14 but pay dividends by the sound of it.
In year 1 we need to pay back the loan facility, but in year 2 we should see Zinc Cathode come on board which will add another $705,000 a month at today's prices - processing costs will likely move up as we'll be doing more volume however as JH says most likely a reduction per tonne from $150 a tonne.
$1,290,000 / 3360t = $383.9 revenue per tonne processed
Company states expected initial revenues of $750,000 a month which would give $223.2 revenue per tonne processed.|
|qsmeily456: Well that's not just a 99 but one with a flake sauce and sprinkles.
Stav baby ......all leads to profit.
No one yet with the exception of balls has set out given the processing rate the actual likely profit PCM and annually.
Then taken the shares in issue calculated the eps and done the PE say 6 arrived at the discounted share price target...and you can stick WHI where the sun don't shine.
When you've all worked that out I'll be impressed LOLsss|
We will never know the full story, I lived, researched and breathed BMR and knew more than most, yet I still do not really understand how we ended up here. Nothing is black and white in life.
Yes, it makes very good reading material, potentially may it all come true and be exceeded by a mile, yet I'll stick to my previous posting position.
NOMADS and other "Professionals" they soon played Pontius Pilates role when things went wrong.......
This is the current position from those paid by BMR to be "in the know" Very inspiring!!!!
"House broker WH Ireland has reiterated its pre-agreement target price of 10p".
Yes... that's 1P in old money, the same as it was after the halving of the share price when we announced we were suspended!
I am not being negative guys, amazingly I still believe in the BMR assets, Its just that I had my rose tints run over by a Juggernaut, now its facts.... monthly processing results, and money in BMR's bank that I want to see. Its a long way to 60P. but it can be done.
If we can hit production targets on-time, on budget, consistently, BMR will be generating cash. Rather than jam tomorrow by acquisition (we have had enough of Jam tomorrow, my hairs gone grey waiting for a jam sandwich when I could have had caviar on what I invested, (LOL), the company will be in a position to vote for relatively high dividends. If BMR really wants to reward its loyal shareholders and underpin a strong SP, this is the way! In today's low interest / yield world it will create interest, and they can still develop our written down assets further at the same time.
This has been done before by an AIM miner, it would be a good strategy, raising our profile, rewarding its shareholders including the BOD, and possibly bring new investors to the the table.|
|stav5001: ALSO posted on iii: Best wishes to All BMRions for 2015.
BMRions, Why I have not posted: Personal business / life related issues, and a long planned month visiting an Ashram at the base of the Himalayas. My phone was switched off for the duration, and I have recently returned.
Why I have chosen to post now: despite wanting to keep a lower profile (as BMR was taking so much of my energy and time in the past), having read considerable portions of the posts across the 3 main BB boards, including the suspension and recent RNS NON-UPDATE. I feel that small investors, who have bled to make this wild BMR adventure possible, cannot allow this to continue further into uncharted territory, without having some kind of contingency plans in place.
There has been no end of wild speculation, some of it slanderous and unfounded, primarily because we do not have the facts, "Mushrooms" springs to mind, and it's clear that when investors are losing money, angry and afraid, it invariably brings out the worst, and darker side of their nature.
Like most here, I am seriously concerned about my substantial investment in BMR. I have been here since early 2002, I cannot afford to crystallise the huge losses. Initially I was truly shocked to see MA go, and needed time to reflect, whilst anxiously waiting to see how things would develop, rather than just jump to conclusions. Unfortunately due to the continued lack of any detailed news-flow, the trust and confidence that I once had, that things are progressing with shareholders best interests in mind is no longer clear-cut.
I would be happier if our objectives were more clearly aligned with management, where is their financial commitment demonstrated? A new broom sweeps clean, and is not answerable for any previous issues. A lower share price does not benefit already fully committed longer term holders, its just an opportunity for newcomers. This is not to say that good things are not happening in the background, but simply that without more detail and some explanation, the company’s current situation and latest RNS is very concerning. Independent lawyers and accountants, a peer review of our existing, time consuming and very expensive work that BMR funded to obtain permissions?
• PREPAYMENT: PAID UPFRONT!
• MISCLASSIFICATION: NOT what it was purported to be?
• VALUATION: NOT worth what it is reported to be worth?
These key words above need thinking about. I sincerely hope that AB will turn out to be a great asset to BMR, very capable and a deal-maker who delivers. Perhaps BMR are stalling for time, however, looking at AB's background, NO mining experience, NO African experience, does his CV suggest a big ideas man, a known company builder? How was he selected / appointed? We should all be thinking about our options, and OUR Company, just in case.... as this is AIM, and it's no game.
UNITED WE STAND DIVIDED WE FALL:
Regardless of people's individual views, (which we all understand will differ), there is undeniable added value for all BMRions (whether we own one share or millions of BMR shares) to come together in a united front, placing our respective differences to one side, so that we may all benefit from our collective strength, and speak with one voice. If the situation requires it, and we need to safeguard our interests in BMR, we must all agree to disagree.
Sadly it is only by wielding a collectively high percentage ownership of BMR (which I sincerely believe that PI’s have), that we will have a voice, strength, and the ability to protect and preserve what brought us ALL together in the first place.........the belief that our investment in BMR would return financial rewards over the medium and long term, and that the people of Kabwe would also benefit, creating a virtuous circle.
Laffer has done excellent work, in an effort to bring us together by creating a web site and a framework; we need to recognise the value of this, by helping / building upon it and demonstrating our collective strength by registering. Why reinvent the wheel?
If there is a consensus, we must somehow ensure democratic voting within that framework so everyone gets to vote and put forward the options that form the basis of voting. At this point my sole interest is to add weight if possible; by acting as a catalyst and to give my support to the notion of BMRions all registering our holding in this one place. Above all we need unity...before last year’s AGM almost 200 PI's from across the boards responded to one of my posts, how many BMRions still stand? We need the silent majority to get involved if we are to have real power. United we stand divided we fall.
Let me be absolutely clear........ I am happy to support ANY individual or group who are democratically elected or have a consensus to act on behalf of the majority of registered share holders to protect our interest, if and when the need arises. I am NOT accusing the BOD or anyone of anything; we could be at the cusp of very positive news. However, Forewarned is forearmed!
On reflection like so many here, I truly believed in BMR RNS 200%. I carefully followed the RNS reports and all available public information. I also believed in MA, and his large shareholding gave comfort. That is why I never sold, and why I am so over committed to a single AIM share. What I am NOT prepared to do, is to allow BMR, (which based on all previous RNS's still has so much going for it, by way of its poly-metallic assets, licenses, infrastructure, and is still debt free), to be mismanaged or spirited away. I refuse to believe it does not have great potential, and is a potential money spinner, unless it is proven otherwise. All viable options open to the company should be explored.
The time has come, shareholders deserve some clarity, after all we funded most of this with our hard earned cash. We need dialogue, and transparency. If required (and we have enough votes) just knowing that we could call an EGM, vote representatives on the Board (to protect shareholders interests) or perhaps even make changes to the BOD, will seriously focus everyone’s minds. I am sure that there must be a pool of talent amongst BMRions.
Please, take this in the spirit in which it is intended, I am a LT-shareholder with a sizeable holding and high average. I understand why many are now reluctant to post, I was also reticent, as .....whilst I still believe in BMR’s potential, I have been cut, and I am bleeding BMR. What do we have to lose by pooling our voting power? What we cannot afford is apathy and in-fighting amongst ourselves, if we are to maximise and leverage our potential, to protect our investment. We need to get off the fence. Where are the 300, who still stands..more than 155 for sure? We will need as many BMRions willingly on board as possible. We must put aside our differences, past exchanges or harsh words. Our mantra must be to ...RESPECT EVERYONE, AND EXCLUDE NO ONE! IMPORTANTLY, WE ONLY WANT WHAT’S BEST FOR BMR. If,... decisive protective action is required, we must be legally versed and prepared to act, but ours should be the measured voice of reason. Our priority is that we want BMR to succeed. GLA!
• " It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things”. - Leonardo da Vinci|
|qsmeily456: Stav baby
Read between the lines you should be good at that being a BMR investor LOLsss
Constructive relevant criticism is welcome.....
Why not share your view of the companies strengths and weaknesses, instead of attacking the CEO, without clearly stating your case or backing up your statements, other than on rare candid moments.
First, please carefully consider how far this company has come in its transformation from tech to miner in five years, considering it was broke.
My views on this are quite well documented and have not changed. MA pulled off a miracle and has turned a basket case (albeit one he actually made following a previous buuasket case he also made) a miracle and he deserves all the credit for this.....masterful, a genius.
Yes, five years is a lot longer than anyone one here originally envisaged, including ME, but then again, look at BMRs potentially multi billion dollar poly- metallic assets that have been acquired at incredible pricing, the supporting infrastructure that is in place, the plant we own, the technical analysis and the background work with the community in preparation of operations commencing.
All necessary requirements and all diligently done. Could and should he have done this faster and in a more structured and planned way saving at least 2 years? Yes I believe he could and has wasted time doing things painfully with huge slippage and the odd U turn.
All of this achieved during 5 years of the deepest recession since the 1920's, with the worlds banking system on the brink of collapse and the Euro crisis, destroying confidence in the European banking system, creating a flight of capital in high risk equity investments on AIM, and especially in the mining sector. Even the majors have had their share prices affected, and they are now cost cutting globally, and cherry picking only really profitable investment opportunities despite having huge cash reserves and agreed lines of funding.
This has all taken place in Africa, encompassing a change of Zambian government halfway, with new mining legislation and red tape.
Hindsight, he could and should have had foresight. Don't reinvent the wheel; use the wheel that already exists. BMR are not the first to apply in Zambia or indeed get material assessed or indeed consider the best processing combination(s) for the material.
Many many companies survived and many will again. That's his job and he achieved this off your back along with all the other BMR share holders by diluting and spending the proceeds. Not by creating revenue generating survival business. He has yet to face that challenge, as you say 5 years on!
Yes, I have no doubt that in hindsight certain things could have been done faster or better. When people are on a huge learning curve in uncharted waters mistakes are made, but someone has to keep making daily decisions based on the best option available at the time. I do not know exactly what problems the company faced over this period, as it pursued its rapidly expanding goals, and I agree that communication has been lacklustre. Too much remains a mystery, always more questions than answers, including what everyone else in the company is doing, but I do know that MA has always come up with the money to keep things moving forward ( however slowly we perceive it), even during desperate market funding conditions for AIM miners.
What I find incredible is that we are now in the strongest position ever, in a relatively stable country with a pro mining stance, with Zema approval and production about to become reality from our multiple assets, and yet BMR still has no debt and money in the bank!
Correct, every shareholder just about is sharing and stomaching that debt. Did he continue to take earnings during this period? Yes. Were these considerably higher than many of the small investors who in some instances sank their life savings into BMR? Yes
If only we had the same enthusiasm, as we did when BMR ( and most of AIM) was flying by the seat of its pants and BMR was pushing 7p. IMO there is no doubt that understandably the battle weariness, paper losses and stress that they invariably bring, has taken its toll on BMR's long term investors, as well as the destruction of AIM shares generally. Only a return to a 6p share price territory will fully address this malaise.
Every thing is cyclical, and the good minnows will have their day in the sun again Logically it would seem that right now is probably the best time ever to be an investor in BMR. If only the faithful could all be buying our total holding again tommorrow morning at today's SP, I know I would be a happier man. Factual news-flow is key now, in building awareness, confidence and momentum, but I am also aware that most of the movers and shakers are still on holiday spending their bonuses, until September.
Whilst it sounds like jam tommorrow again, you cannot underestimate the importance of this weeks announcement, that marked the start of a new chapter.
I would argue this part was crucial and should have been applied for a long time ago. No licence no processing no asset value.
You have rightly highlighted some weaknesses and some strengths. Again my view on these are well documented and have not really changed.............a brilliant strategist and deal maker, appalling at practical delivery, comms, PR and timescales.
I will refresh the original list of Strengths and Weaknesses. At the moment and for many many years BMR is MA, so it is natural that he should be the focus of such praise or otherwise.
|stav5001: BMRions......... Despite the dismal SP, today is a serious milestone for BMR.
Notwithstanding Chingola, The initial vision for BMR at Kabwe in terms of assets has been exceeded by a mile, and the painful birth / first production is about to become reality.
A unified Kabwe is now finally fully secured, with all licences and permissions in place. BMR will produce Lead and Zinc from its tailings. Copper production is imminent if not actually started, using local sources. Meanwhile Glencore continue dumping high quality Copper tailings on our land at a rate of 10,000 tons a month.
Lack of news regarding our own multiple Copper assets being processed concurrently despite earlier promises, is no doubt due to cash constraints, and the need to focus our limited resources to maximum effect. (Time for them later.)
Revisit the huge poly-metallic Zinc ( LME $2,262per ton) and Lead ( LME $2,200 per ton) assets above and below ground, use 65% as a recovery rate, do not even take into account an amount for the additional valuable metals we can recover, and then think about our current laughable £24.5M market cap.
Why is it that at this pivotal, long anticipated juncture, when every shareholder should be excited and very positive, in the knowledge that we are about to start producing profitable revenue from these assets, that the share price, and PI sentiment are still close to historic lows?
IT IS THE LACK OF DETAILED INFORMATION. This is not helping BMR. That we have more news to come, I have no doubt, but how detailed and how effectively it will be transmitted for maximum effect on our share price is another matter altogether. The Start of Copper production, Copper Off-take agreements, details of Zinc and Lead plant updated roadmap, Zinc and Lead Off-take agreements, Hunnan, FEILONG, Mark Veitch, our other copper, and below ground assets. Future plans and possible JV/s and funding scaleability, should all be dealt with.
How much of the secrecy surrounding BMR is warranted is unknown. What I do know is that historically, when BMR showed their hand publicly and went out on a limb to buy Sable Zinc, it brought the unexpected and unwanted attention of Glencore, who blew our bid out of the water. That set us back a long, long way.
Also when we declared the Chingola tailings targets, it woke up Vedanta. So who really knows except MA? His 23M shares directly align his interests with our own, although he clearly has to look at the bigger picture, and is thankfully not fixated on short term share movement.
We need to prove our extraction rates, and lowest quartile costs! I do not blame anyone with frayed nerves here. We have come to understand "This Is .........Africa" only too well, but as long as we eventually get there, I believe that the initial production numbers will do the most powerful talking.
Like everyone else I was ecstatic when we were in the 6P + range with a 60M market cap, and the sky seemed the limit in a booming AIM market. I held and endured my losses at 1.4P, but in reality what did BMR really have then, at 6P compared to what we have now, nothing except a few less shares and promises, yet moral and sentiment was sky high.
Zambia is mining friendly, with enormous inward investment as a result, and the value of our assets is rising. BMR is coming of age, huge poly-metallic assets, some plant, and all infrastructure in place, NO debts.....potentially a serious metals producer, a ray of hope for beleaguered Kabwe, it's people, the environment, and importantly some very battle scarred, and twitchy BMR veterans who helped make this possible.
BMR THE ART OF MINING WITHOUT MINING! LOL! GLA to ALL BMRions!|
|enigma2002: unless the 'buys' were sells above the mid price that is.
what shows as a buy or a sell is determined algorithmically based on whether its above or below the mid price. there isn't a person manually inputting the data, its essentially meaningless, at the very best its indicative only.
nor is there a room full of market makers conspiring against PIs, its a computer.... maybe with the occasional manual intervention but generally its automated......
on every AIM share you get people speculating that the market makers are up to this or that, sometimes maybe they are but its impossible that it be happening all the time, look at the number of staff employed by the various market makers.... there aren't enough of them by orders of magnitude to account for all the 'games' people think they see going on.
some people would have you believe that for the past 3 or 4 years there has been a dedicated team at WINS or NOVM spending all day every day tinkering with the BMR share price in an effort to dupe investors. that simply isn't the way it works. its a nonsense.|