BMR Mining Share Discussion Threads

[qsmeily456] 29/7/2015 14:43

Now that's what we all miss balls, your daily injection of metals and tailings market trivia and info dragged from the darkest corners into our path of light LOLsss

[fireball xl5] 29/7/2015 14:31

QS- A light at the end of the horribly dark tunnel?

Zinc market could be facing concentrate supply deficit: Investec

London (Platts)--29Jul2015/849 am EDT/1249 GMT

The zinc market could run into a concentrate shortfall in the coming months, leading to upward pressure on prices, Investec said Wednesday.

"We see the zinc market as one of the few bright spots in the metals market right now given the natural attrition from old mines closing down," Investec said in a research note, commenting on the decision by Australia's MMG to push ahead with its Dugald River mine project.

"The development of Dugald River has long been expected but a considerable deficit of concentrate could yet emerge in the market in the next few months -- a situation that in our view could lead to a squeeze on the zinc price," Investec said.

On Tuesday, MMG announced approval of an updated development plan for the Dugald River project in Queensland, Australia.

The updated plan for Dugald River includes a mine production rate of 1.5 million mt/year, construction of a concentrator and annual production of approximately 160,000 mt of zinc in zinc concentrate, plus byproducts, over an estimated 28-year mine life.

This places Dugald River within the world's top 10 zinc mines when operational, the company said.

The latest guidance for zinc production at 160,000 mt is lower than the earlier guidance of 200,000-220,000 mt, Barclays said in a research note Wednesday, adding that a decline in the average size of mining stopes to under 20 m from 25 m earlier has reduced the minable ore.

Lower annual production has extended mine life by eight years, however, the bank added.

"We are positive about the long-term fundamentals for zinc," MMG's CEO Andrew Michelmore said in a statement. "This decision reflects our confidence in zinc at a time of shrinking global supply."

He added: "Under the updated plan, Dugald River will come online at around a time when significant global zinc supply will disappear through mine closures."

The expected remaining cost of the project to first shipment of concentrate is around $750 million plus interest costs; discussions to amend funding arrangements have commenced with MMG's existing lenders.

Following satisfaction of remaining conditions, construction of remaining surface infrastructure facilities would begin in 2016, with first production from a Dugald River concentrator expected during the first half of 2018.

MMG's Century open-cut zinc mine in Queensland is in its final year of production, processing and shipping.

The mine produced 221,049 mt of zinc in concentrates in the first half of 2015

[poombear] 29/7/2015 13:19

Nash this is probably the last place you will find people who believe investing in tailings companies is a good idea

[qsmeily456] 27/7/2015 17:08

Factually true Mark, they have to pay for them at 6p when before they suspended the company etc etc they were trading at 25p and then there's the write downs to crash the price and the salary taken to pay for them.

Having said all that at least those poor investors get to keep their hopes and dreams of 80p and the BOD have to perform to get the bounty LOLsss

[nash81] 27/7/2015 09:55

guys, check another tailing player - JLP

huge assets and waiting for bank funding and mining licence. also cash rich.

pull back today gave entry for new buyers

[qsmeily456] 24/7/2015 08:13

I like the irony financial gains LOLsss

No need for the directors to buy shares they've got them free on your backs and wages PMSL.

[banking_losses] 22/7/2015 09:44

But Q Alex saved the company didn't you know?

A hero in my eyes and with 'paper' losses at ONLY +75% in most LTH cases surely that's reason to be cheerful? Got to get off the guys back he's only been in the job the best part of 9 months and look at everything he has achieved so far, LOLsss.

He did do his man job and that was to ensure nobody faced any legal action and Masoud Alikhani could enjoy the rest of what he can remember of his life into his even later years in the greatest comfort, lighter only by that last £1m he raised around this time last year. Great cover up job by Alex and now he'll take 10% of the company for him and his closest cronies and give away the rest via dilutions and fund raising to other equally deserving parties.

[qsmeily456] 16/7/2015 13:55

That's all Eric does Drivel LOLsss.
When I see the new BOD deliver diligently and with good timing and PR I'll provide you with a different view but so far all I've seen is pool timed and written RNS, write down of valuable assets, early consolidation, massive share issue powers and the ability for the BOD to take 10% of your investment easy PMSL.

[satch12] 15/7/2015 19:03

Qsmelly. Are you that boring that all you can do is slate this share, and slate other board members on different sites. Sad really

[qsmeily456] 15/7/2015 14:58

Nice to see your board piling in to fill you guys with confidence.... mmmm dilution LOLsss

[qsmeily456] 13/7/2015 17:50

Nice plunge LOLsss

Eric Drivel topped up as did some other suckers pmsl

Shame your board used the news way too early LOLsss

[qsmeily456] 08/7/2015 12:38

I see that Eric Drivel etc have still got their rose tints on and a BMR arm up their jacksie LOLsss

Ramp ramp ramp as more suckered lose even more cash.

BOD, Not a clue and all so predictable with GREXIT, a waste of news and bmr RNS funds LOLsss

[qsmeily456] 08/7/2015 12:24

4p tested as predicted PMSL

[qsmeily456] 07/7/2015 12:00

Wooohoooo TIMBER.
Hopefull your new BOD might learn from this LOLsss

[qsmeily456] 06/7/2015 12:37

The lower this goes the happier I am short the pants off it LOLsss

[wiggle1] 06/7/2015 12:15

Smelly, why PMSL? I assume you have no holdings so why bother posting, stop being spiteful and grow a pair!

[qsmeily456] 06/7/2015 08:30

TIMBER PMSL

[qsmeily456] 30/6/2015 14:35

Down it goes next stop 4p test LOLsss then GREXIT just the job. Good take out opportunity to clear dubious historic affiliates and not so bright board members LOLsss

[qsmeily456] 30/6/2015 11:52

Even hotter perfect for those shorts.

Balls no more hourly posts from you on ADVFN when MA was in charge. Your silence speaks volumes and tells its own story LOLsss.

[fireball xl5] 29/6/2015 18:15

He tried that App and the outcome was horrific, it stopped his alter ego Clowning around.

[markjwal] 29/6/2015 17:41

Oh no not shorts again Paul, you'll be saying Timber next! Lols

[qsmeily456] 29/6/2015 16:23

Down it goes as it should. What a great BOD timing and writing of an RNS that could have been so much more.

Great weather for shorts LOLsss

[satch12] 29/6/2015 14:46

Qsmelly, I think you spelt my name wrong