BMR Mining Share Discussion Threads

[liveit2] 23/10/2014 07:18

Good bye MA. Hello AB and MW

[fireball xl5] 22/10/2014 14:03

Bloomberg News
Zinc Rises as Stockpiles at Two-Month Low Signal Shortage
By Claudia Carpenter October 22, 2014

Zinc climbed for the first day this week as stockpiles at a two-month low added to evidence of shortages.

Zinc is the favored industrial metal to gain next year, according to a survey by the London Metal Exchange this week. Stockpiles in warehouses monitored by the LME dropped 0.4 percent to 717,050 metric tons, the lowest since Aug. 12, LME data published today showed. The International Lead & Zinc Study Group is forecasting shortages this year and in 2015.

“This should translate in the medium term into higher zinc prices,” said Daniel Briesemann, an analyst at Commerzbank AG, in a report today. “The situation on the global zinc market is very tight.”
Video: More Coffee Please! Prices Hit by Arabica Shortage

Zinc for delivery in three months climbed 1 percent to $2,231.25 a ton by 11:32 a.m. on the LME. Demand will exceed production by 403,000 tons in 2014 and 366,000 tons in 2015, the International Lead and Zinc Study Group said Oct. 17.

World demand will rise 5.1 percent this year, driven mainly by increasing usage in China for galvanized steel sheet production, according to the group.

On the LME, aluminum, nickel, copper, lead, nickel and tin climbed.

[fireball xl5] 22/10/2014 13:57

I'm in your camp there QS. The stubborn mule like tendencies that slowly delivered and packaged the asset base are no longer of value. The practical delivery requires mapping, solution and architecture. With the right team and MA doing what he does in the background our fortunes can be transformed, at the right time. Which path will the operatives take? Will the facilitator make way for a more pragmatic approach?

ZINC, ZINC, ZINC! A snippet, then there is COPPER!

Copper, Nickel and Zinc Won't Be Cheap for Long
Commodities / Metals & Mining Oct 22, 2014 - 01:58 PM GMT

By: Metals_Report

Commodities

The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last. In this interview with The Mining Report, Ioannou argues that juniors with good deposits and low costs are in a unique position to benefit, and lists several companies that look to do just that.

The Mining Report: What effect is the strong U.S. dollar having on base metal prices and base metal equities?

Stefan Ioannou: Base metals are priced in U.S. dollars, so as the dollar rises in value, base metals fall in value. Right now, copper is testing the $3 per pound ($3/lb) level, and zinc is drifting down toward $1/lb. And, of course, lower base metal prices are reflected in lower valuations of base metal equities.

TMR: Why is the U.S. dollar becoming stronger?

SI: Because of a strengthening U.S. economy or at least the perception of one. To give one example, the job creation figure for September was expected to be 215,000, but the number came in at 248,000.

TMR: How long will this U.S. dollar trend last?

SI: With quantitative easing seemingly over, which is still arguable, the big question for the U.S. economy is when and by how much will interest rates be increased. Elsewhere in the world, the other major economies seem to be, if not slipping, not really growing significantly. Europe is kind of flat. China is still growing but not nearly as fast as people had hoped for or expected. As a result, most world currencies are down relative to the U.S. dollar.

TMR: What are your forecasts for base metal prices?

SI: Our metal price forecasts for 2015 forward include $3.25/lb copper, $8.50/lb nickel and $1.15/lb zinc.

TMR: What are the economic assumptions underlying these forecasts?

SI: We try to pick metal prices that are arguably conservative, but we do take into account some of the major supply-demand fundamentals coming down the pipe. For example, zinc is facing a significant supply deficit into 2016, so we could see zinc rise above $1.50/lb fairly quickly. Would it stay there for more than two or three years? Probably not, given the anticipated increase in higher-cost Chinese production that higher zinc prices would trigger. Nevertheless, we see a medium-term investment opportunity emerging.

[qsmeily456] 22/10/2014 13:43

Ok Lee point well made, just most.

I've done very well running the opposite way to those lemmings balls. Let's see if I ran the right way this time LOLsss.

MA was a stubborn fighter and could have folded the pack with teo. The rns's tells a story of either lies deceit and criminal recourse whether he stepped aside or not or a master plan now brought to a close thus allowing new blood to practically deliver -never MA's strength, unlike deals LOLsss

[fireball xl5] 22/10/2014 12:45

Don't do Lemmings QS. Don't like Cliff Edges but Cliff Hangers well that's the drama and suspense, the risk. This script takes us to the edge, The Darkness or The Light. I'm just sitting back and watching the story line unfold. I know what is going to happen. The good guys will come, help the ailing old boys that are on their knees and we will ride off into the sunset.

Trouble is will we be on a Donkey.....

[ljchandler] 22/10/2014 09:30

Not all suicidal QS :-)

Probably couldn't have come at a better time

[qsmeily456] 22/10/2014 09:01

Balls

How do you feel now the great man has stepped aside, not suicidal like the lse numpties then LOLsss

[fireball xl5] 22/10/2014 07:53

Global demand for lead and zinc to rise in 2014 and 2015 - ILZSG

1 hour 37 minutes agohits: 7


 
(Follow @MetalsGuru on Twitter for important updates)

Business News Americas reported that global demand for refined lead and zinc is forecast to rise in 2014 and 2015, with demand projected to outstrip supply for both metals.

According to the Lisbon-based International Lead and Zinc Study Group, Global demand for refined lead is expected to increase 1.4% to 11.3 MT in 2014 and 2.1% to 11.6 MT in 2015. Refined zinc demand will rise 5.1% to 13.7 MT this year and 2.9% to 14.1 MT next year.

ILZSG estimated a refined lead deficit of 38,000 tonnes in 2014 and 23,000 tonnes in 2015, while refined zinc demand is expected to exceed supply by 403,000 tonnes in 2014 and 366,000 tonnes the following year.

World lead mine production is forecast to rise 2.4% to 5.56 MT in 2014 and 5.5% to 5.87 MT in 2015. Refined lead output, meanwhile, is projected to increase 1.5% to 11.3 MT in 2014 and 2.2% to 11.5 MT in 2015.

World zinc mine production is forecast to increase 1% to 13.3 MT in 2014 and 3.6% to 13.8 MT in 2015, mainly due to a rise in production in China. Global refined zinc production is anticipated to grow 2.9% to 13.3 MT in 2014 and 3.3% to 13.7 MT in 2015.

Source – Business News Americas

[atino] 21/10/2014 10:01

[Quote] "BMR Chairman Masoud steps down"



Berkeley Mineral Resources Plc Chairman, Mr Masoud Alikhani, has step down.

The statement issued on the company website reads:

“The BMR Board of Directors announces that Mr Masoud Alikhani, the Executive Chairman, resigned from the Board on 17 October 2014 for health reasons. Mr Mark Wainwright, a non-executive Director of the Company, has accepted the roles of Acting Chairman and Acting Chief Executive with immediate effect.

“The Company is in advanced discussions with a prospective permanent Chairman and will make a further announcement in this regard as soon as appropriate”.

Mr. Alikhani resignation follows the successful approval from the Zambia Environmental Management Agency of the Environmental Impact Statement.

Mr. Alikhani was a very generous man who supported local communities around Kabwe mine. In 2012, he donated two ambulances to Kabwe General Hospital. He gave computers, built a wall fence and funded essential supplies to CONTESA, a local orphanage in Kabwe.



The chairman of CONTESA, Mrs Avon, said of him:

“Masoud has retired from Berkeley Mineral Resources due to ill health. He was doing too much and hope that who ever takes over will continue to do the good work that Masoud did for Zambia. He was very generous to CONTESA and we shall miss him greatly”.

hxxp://ukzambians.co.uk/home/2014/10/21/bmr-chairman-masoud-steps-down/

[valencia0312] 21/10/2014 09:17

Philip Schofield - it's only money

[fireball xl5] 21/10/2014 09:09

Think your all barking up the wrong tree. We need an Alchemist.

[qsmeily456] 21/10/2014 09:05

Spanish

You better pray for that AGM LOLsss

[valencia0312] 21/10/2014 08:56

Julian Assange

I'm sure you're be at the front again at this year's AGM helping us all make sense of it

LOLOLSSSSS

[qsmeily456] 21/10/2014 08:49

Spanish

Well that's value add contribution to your investment PMSL LOLsss

[valencia0312] 21/10/2014 08:46

Tony Blair was a personality and look how that ended up LOLOLLSSSSS

[qsmeily456] 21/10/2014 08:28

With respect not you LEE LOLSSS

There are a number of talented and connected shareholders which I doubt but HOPE the BOD will find some mechanism to utilise. Not to run bmr but to add some value.

There are a number of "operational" and "strategic" CEO's rarely do you find someone with a blend. They need to earn a decent salary with a share value trigger option incentive linked to performance milestones LOLsss

[ljchandler] 21/10/2014 08:21

Yes would like someone like David Lenigas or someone of that mould.

[qsmeily456] 21/10/2014 08:16

Not MW LOLsss who I am sure is capable but just doesn't have it, boring and wrong image IMHO like most of the BOD (no doubt good in their own area behind the scenes although I remain to be convinced by their explicit contribution at the e/agm

[ljchandler] 21/10/2014 08:13

QS

Fully agree with that.

Who would you like to see take charge?

[qsmeily456] 21/10/2014 08:09

Empty account

Not at all. His interests and that of his family and friends are aligned with shareholders. To me this signals he feels he has brought it to a SAFE place and that his role and job is now at the stage where other things {illness) is far more important.

He has achieved an amazing outcome and I for one am glad he has stepped down. I acknowledge his tremendous contribution and wish him and his family well.

I now look to see a "personality" take centre stage to complete the transition. Someone who is a great front person with relevant experience who can command an audience like ........LOLsss