BMR Mining Share Discussion Threads

[99jeremiah] 04/11/2014 14:28

Never mind Smelly, who put my cone in the freezer?

[bullinachinashop3] 04/11/2014 13:45

where's smelly, can he still cash in his shorts if suspended? how do CFDs work in this scenario?

[bullinachinashop3] 04/11/2014 13:22

tried to tell you guys seen it all before with BPRG/MDX

dont tell me the CEO got out before it went sour...

[greyseal] 04/11/2014 12:47

Looking at last year's accounts, the Non-current asset prepayment looks as though it is connected to investments in subsidiaries and so (i'm guessing) could be payments made regarding Enviro which MA wanted to capitalise instead of w/o. If this is correct or along similar lines, although it will effectively add a further hit to the P & L of £4.3m, it does not have an impact on cash nor effect the future in terms of production.

[quidzinn] 04/11/2014 12:36

FUCT ....

Q

[atino] 04/11/2014 12:02

WTF !!! (´･_5381;`)



(⊙.⊙( 737;_☉)⊙.⊙) Further to the announcement of Alex Borrelli as Chairman of the Company on 23 October 2014, certain material concerns have come to light as to the classification and valuation of approximately £4.3 million of prepayment for non-current assets as at 31 December 2013. The Company has instructed independent accountants and lawyers to investigate the circumstances underlying these concerns.

The Company has therefore sought and obtained the permission of AIM for trading in its securities on AIM to be suspended forthwith.

The Company has cash balances of approximately £600,000 which represents adequate working capital for its immediate requirements. ⁀⊙᥮3;☉⁀

[99jeremiah] 04/11/2014 09:39

Olay - you can't issue shares below the nominal value without holding an EGM to pass such a resolution.

There - I'm glad my 3 years and £40k+ loss investing in AIM shares haven't been completely in vain, I've learned summat along the way!

[fireball xl5] 04/11/2014 08:48

The only IP is something to do with anti wrinkle cream. I suggest that it's all gone too far to do any good, Olay!

[qsmeily456] 04/11/2014 08:26

Panic merchants pmsl

So faceless yo yo you've been given insider info on a bmr placing then?

I don't think so LOLsss

I hope your IP address isn't from your own home or traceable network PMSL.

[alyo] 03/11/2014 22:05

0.8p placing coming..... You have been warned

[blueblood] 03/11/2014 18:09

Get the placing done and tell us where we go from here. At least MA is losing more than most assuming he still holds!

[qsmeily456] 03/11/2014 17:12

I'm surprised there's an appetite for more ice when everyone has been creamed LOLsss

[99jeremiah] 03/11/2014 07:58

On its way but I think the ice cream van broke down........

[qsmeily456] 02/11/2014 22:45

We got Zinc just nothing to process in viable scale............yet LOLsss

How's ya cone 99 PMSL

[99jeremiah] 01/11/2014 06:02

If only we had some zinc....... :-(

[fireball xl5] 31/10/2014 11:58

Money to Be Made Investing in Zinc
Little-Known Metal Making a Big Move
By Jason Simpkins 2014-10-30

To the average person zinc sound boring, but it's huge important.

It's also profitable.

Zinc is used in everything from steel to sunscreen, and its price just soared to a three-year high, thanks to a supply shortage.

The metal is up 13% this year, and that's just the beginning.

Many industry participants had anticipated the zinc shortage, but its been much more severe than forecast.

Earlier this year, the International Lead and Zinc Study Group forecast a 117,000-ton zinc shortfall. But as of July (the latest data available) zinc supply trailed demand by 248,000 tons – ore than double the expected gap.

The problem is that aging mines running out of the metal much faster than anticipated, and demand has unexpectedly spiked, due to gains in U.S. construction and worldwide auto sales. (Zinc is also used in coins, like the nickel and penny. And the recent price surge means it now costs 1.6 cents to manufacture a penny.)

Demand for zinc was 7.6% higher during the first seven months of 2014 than it was during the same period last year, according to ILZSG. And global stock piles are shrinking, as a result.

Zinc holdings at London Metals Exchange warehouses are down 22% since the start of the year. At 731,675 tons they're equivalent to about 20 days of production.

Zinc Supplies

That's an issue, because new zinc mines take years to develop.

Morgan Stanley now predicts that zinc production will continue to fall short of global demand through 2018.

Investing in Zinc

Clearly, there's profit to be made, here.

Unfortunately, the unheralded zinc is difficult to invest in. Still, there are ways to play it.

Obviously, there's futures, but that's risky business if you're not a seasoned trader.

Another way is through ETFs such as the iPath Dow Jones UBS Industrial Metals ETN (JJM), or the PowerShares DB Base Metals Fund (DBB).

Of the two, DBB is better because zinc makes up about one-third of its valued, compared to just 15% for JJM. That's a big reason why DDB is up 11.5% since March, while JJM is up just 7.3%.

Typically, you might look at zinc miners, but right now they're the main reason the metal is shooting higher. Many have run out of the metal and shut down mines. And those that have zinc projects in the works have experienced delays.

Also, miners across the board have been struggling with a stronger dollar.

So when it comes to investing in zinc futures and ETFs your best bet... for now

[fireball xl5] 30/10/2014 13:28

Zinc Outlook for 2014 and 2015
Usage
10. It is anticipated that global demand for refined zinc metal will rise by 5.1% to 13.65 million tonnes this year and a further 2.9% to 14.05 million tonnes in 2015. These rises will be primarily driven by increased Chinese usage where galvanized sheet production is reported to have increased strongly. Growth in the world excluding China is expected to be more subdued at 2.3% in 2014 and 1.3% in 2015.
11. After remaining flat in 2013, modest growth of 1.2% this year and 1% in 2015 is foreseen in Europe. A sharp rise in imports of refined zinc metal into the United States in 2014
will contribute to an anticipated increase in demand of 8.7%. However, growth of only 0.4% is forecast in 2015.
12. Elsewhere further increases in demand are expected in India, the Republic of Korea, Mexico and Turkey. In Japan, usage is forecast to remain close to half a million tonnes as it has been since 2010.
Supply
13. World zinc mine production is forecast to increase by 1% to 13.33 million tonnes in 2014 and 3.6% to 13.80 million tonnes in 2015. This is primarily due to rises in China with production in the world ex-China expected to fall by 2.2% this year before rebounding by 1.5% in 2015.
14. The main reasons for the ex-China reduction this year will be a decrease in India, where Hindustan Zinc’s Rampura Agucha mine is currently being converted from an open-pit to an underground operation, and a fall in Peru due mainly to a cutback in output at the Antamina mine.
15. In 2015, increases in Canada, China, Mexico, Peru and Sweden will be partially balanced by a reduction in Ireland. In Australia, loss of output due the expected closure of MMG’s Century mine in Queensland during the third quarter will be balanced by higher production at other operations.
16. It is anticipated that global refined zinc metal production will rise by 2.9% to 13.25 million tonnes in 2014 and by 3.3% to 13.68 million tonnes in 2015 mainly as a consequence of a further expansion of output in China.
17. Outside China, increases in Belgium, France, Italy, the Republic of Korea, Norway and the Russian Federation will be balanced by reductions in Brazil, India and the United States in 2014. In 2015, US output is expected to recover due to higher output at Horsehead Resources’ new plant in North Carolina. Higher production is also anticipated in India and the Republic of Korea.
World Refined Zinc Metal Balance
18. After having taken into consideration all of the information received from the Group’s member countries, it is expected that global demand for refined zinc metal will exceed supply by a significant margin in both 2014 and 2015. The size of the deficit this year is estimated at 403kt, and in 2015 at 366kt.

[fireball xl5] 30/10/2014 12:56

Over the forecast period (2014–2020), world zinc mine production is projected to fall to 13.2Mt in 2020 while global zinc consumption which was 13.2Mt in 2013 and up by 7.4% compared to 2012, is expected to reach 16.8Mt in 2020.

A lack of investment in large-scale projects, the exhaustion of large operating mines and a gradual recovery of the global economy are expected to push the global zinc market into a state of pronounced deficit and apply upward pressure on prices.

Upcoming zinc projects are mainly owned by small-scale companies, which account for 40% of global zinc production. There are nine projects, with combined reserves of 334.3Mt, scheduled to commence operations during 2014–2016.

[fireball xl5] 29/10/2014 14:55

Zambia by-election may disrupt copper miners
David McKay | Wed, 29 Oct 2014 15:26

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[miningmx.com] – THE death of Zambian president Michael Sata, 77, at a hospital in London yesterday, would result in a by-election in 90 days that would stall all government business and could disrupt key cargo routes for copper exports.

Principal Africa analyst at IHS, Robert Besseling, said in a note that violence between partisan supporters and security forces was also a possibility.

Sata, who was elected to power in 2011 after long campaigning for the post, died shortly after 11pm on Tuesday at London’s King Edward VII hospital, the cabinet secretary Roland Msiska said in a statement.

“President Sata’s demise is deeply regretted. During this difficult period, I urge all of you to remain calm, united and peaceful,” the statement read.

Under Zambia’s constitution the country will have to hold an election for a new leader within 90 days of the death of the president, said Besseling.

"Over the next 90 days, ahead of a presidential by-election, all government business will be stalled," he said. A leadership tussle within the Patriotic Front (PF), that Sata led, could result in violence, especially in Lusaka and the copperbelt.

"Disruption to key cargo routes for copper exports (including from neighbouring DRC) to Botswana and Zimbabwe face is likely, although damage to mine property is unlikely," said Besseling who added there was a "moderate" risk of contract renegotiation once Sata's successor was nominated.

Glencore operates Mopani Copper Mines in Zambia while First Quantum Minerals, African Rainbow Minerals, and Vedanta also operate copper operations in the country.

There was a chance that under the leadership of PF contenders, Wynter Kabimba, former defence minister and current PF secretary general, or PF party secretary-general, Edgar Lungu, Sata's interventionist polices in the copper sector might be reversed.

These included the banning of VAT payments which has led to Glencore downscaling operations while First Quantum Minerals said it would curb expansion.

Barrick Gold also said recently that plans by Zambia to increase royalties payable by mining firms would threaten the viability of its Lumwana mine.

This was after Zambian finance minister, Alexander Chikwanda, said higher royalties would replace corporate income taxes for mines. In terms of the proposal, the current 6% royalty for all mines would rise to 8% for underground mines and 20% for open-pit operations.

The main opposition parties to the PF is the Movement for Multi-Party Democracy (MMD) led by former vice president Nevers Mumba and the United Party for National Development (UPND) led by Hakainde Hichilema.

"A victory by the MMD or UPND would severely increase revision and cancellation risks for contracts signed by Sata," said Besseling.

"Mining companies with poor relations with the MMD or UPND would also face risk of contract revision," said Besseling.