BMR Mining Share Discussion Threads

[knowing] 17/2/2017 15:30

I'm getting palpitations.

[stav5001] 17/2/2017 01:31

V is for Victory!

[knowing] 16/2/2017 16:23

Increase to 20..............clear

[knowing] 16/2/2017 16:11

Give it a few more Joules

[wiggle1] 16/2/2017 16:08

Ha ha, that did it !!

[wiggle1] 16/2/2017 14:21

V for defibrillator ! we've flat lined !!!

[qsmeily456] 16/2/2017 08:51

The NED gave assurances at the AGM re dilutions and acquisitions.

AB wants more cash and I can see and understand why. I'd rather see a loan or an institutional stake LOLsss

[fireball xl5] 16/2/2017 06:29

19p lol and the rest as we close in on our goals.

Trends and Targets for 16/02/2017
By Trends and Targets | Wed, 15th February 2017 - 23:11
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BMR GROUP (LSE:BMR) This has been proposed as an ISA candidate and we'd guess something has changed with which shares qualify. We last covered it a month ago, proposing closure above 6.612p would bring growth toward 7.8p with 8.8p secondary.

Guess what, it broke the trend, 'proved' the trend since 2011 was probably real and celebrated by doing very little since!

The current situation appears to have a glass ceiling forming at 7.15p and it seems sane to suggest any near term movements above 7.15p should continue to 7.8p initially with secondary still at a probable 8.8p. The thing is, our demand for Higher Highs suggests closure above 8.125 is now absolutely critical for this lots longer term future as it moves the price into a big picture range which allows for 12.25p in the future, maybe even 19p if BMR start producing good news.

For now, it's pretty visually encouraging and the RED line advises the price would need slink below 5.5p to allow for panic, along with 4p and hopefully a bounce. The implication of 4p breaking is a pretty unpleasant 0.58p.

[fireball xl5] 15/2/2017 18:55

V for hydrogen powered cars?

hxxp://dailycaller.com/2017/02/15/toyota-recalls-its-green-hydrogen-powered-cars/

[kryptonsnake] 15/2/2017 17:47

I agree Stav. The less shares in issue the better. Surely we have enough access to cash to see us through to production and beyond. Certain expenditures can probably wait until post production when we have the revenue stream.

[stav5001] 15/2/2017 16:54

Personally I am happier to see less dilution and I am on the record for saying so at the AGM, and here.

If there is more financing required, I am sure we have better options than more dilution at 7p!

At 7P It's like a fire-sale.

All we need is production and then many more doors will be open

[kryptonsnake] 15/2/2017 14:58

No probs, yes it's $1m plus taxes. We've already paid $130k in deposits. I'd recommend having a read of the full year results RNS, it will give you a good overview of what's been going off over the past year or so.

[bookwormrobert] 15/2/2017 14:41

Thanks, kryptonsnake! Do you know how much the Star Zinc purchase is meant to cost?

[kryptonsnake] 15/2/2017 14:03

Not fully funded for the plant build as such. We have a $5m loan facility with ACI which we have not yet drawn down.

Last info we got was, we intend to draw down from ACI to pay for Star Zinc acquisition, and pay for long lead items for plant build.

We know that the ACI facility will cover SZ and plant build. I would assume we have already paid for a bulk of materials out of the cash pot we already had. Not sure what the final figure of plant costs will be, but we have been told we are within budget.

[brynjon] 15/2/2017 13:55

QSmelly - The ACI deal seems on the face of it a no brainer, in that they fund us short term and repayment in the main is by way of off take at market prices.
As the deal appears not to have been not fully signed/sealed/delivered perhaps there are other moves afoot.

Strangely I keep getting deja-vu moments lately.

May have to dig out the birch branches again.

[bookwormrobert] 15/2/2017 13:45

Hi! Quick question for those who have been holding this share for longer than me...
Is the Kabwe tailings plant fully funded until production later this year?
Or does management still need to raise money, either as loan or equity?

[kryptonsnake] 15/2/2017 13:37

Can't see why not. The loan facility is a good deal, cheap money and easily repayable.

Even if all warrants were taken up, I doubt it would have covered all expenses.

AB, stop being tight and take that ACI cash with both hands!

[qsmeily456] 15/2/2017 13:20

Don't think AB wanted to tie us into the loan supply agreement. Warrants have forced hands unless there's another way LOLsss

[qsmeily456] 15/2/2017 11:57

Cannot get to Edinburgh today unfortunately so it's a no from me.

It's a jigsaw picture that could look amazing LOLsss

[kryptonsnake] 15/2/2017 11:42

Anyone attending the presentation later today?

[fireball xl5] 15/2/2017 09:10

QS - as ever straight to the point lol's. Must say that we are now in position, whereas a couple of years back we didn't even have much left after the Alex Axe fell. Time can be tedium but whilst those who wait contemplate. The jigsaw somehow takes more time as the pieces fit slowly into place, especially as the subject keeps adding to the pieces that need to be placed lol's.

[qsmeily456] 15/2/2017 08:44

Those guys on that LEE are as thick as sh*t with the odd exception. They all give it large, few attended the AGM this or last year and they just moan and expect Rome in a day LOLsss