BMR Mining Share Discussion Threads

[99jeremiah] 23/3/2017 10:35

FB - I've noticed a lot of interest in getting onto the investing in Uranium bandwagon lately, but to quote from the Safehaven "Death of Uranium and Renaissance of Vanadium (in Energy Storage)" article -

"In the battle over uranium versus vanadium as an investment, I am picking vanadium – there is no contest.

Billions of dollars have poured into VRB research and development in the past decade with inevitable mass utility-scale VRB adoption. Thus, the long-term vanadium price trend looks promising, making for increased interest in miners that produce the metal vanadium."

"Lastly, vanadium accounts for 30% to 50% of the cost of VRBs, making it essential for VRB manufacturers to secure vanadium supply."

They should be queueing up for offtake agreements etc. once the V starts being churned out.

[qsmeily456] 23/3/2017 09:53

I AIM to please....glad you take it in the spirit intended LOLsss

[kryptonsnake] 23/3/2017 09:51

Lol, you do make me laugh QS.

[qsmeily456] 23/3/2017 09:41

Slippery glowworm must be dark and smelly up there LOLsss

[kryptonsnake] 23/3/2017 09:34

Well said bookwormrobert, I agree.

[kryptonsnake] 23/3/2017 09:32

I realise there might be problems along the way, but for now I would rather just stick to the facts and not speculate. Based on progress so far we should start processing this year, and that's being realistic with the information we have been given.

Yes, 2018/2019 is when they will be making a lot more money, but there is plenty of growth to be had before then. As I have said before, I am not too bothered about the current share price As long as we get to production this year, I will be happy to wait 2-3 years for the bigger rewards.

You obviously have your opinion regarding further delays, but just because you were right in the past doesn't mean you are right now. I don't see the need to keep posting like you are a resident deramper. We can only wait and see but I have confidence in the BMR team to deliver.

[bookwormrobert] 23/3/2017 09:30

I never had the experience of MA and the old regime, but I understand it was pretty unpleasant. I regard BMR as essentially a new company, and I think the new management have done very well so far (with the exception of the Metal Tiger takeover brainfart, but no harm was done there). No, the company won't make huge profits for a while, and any money it does make will be reinvested in expanding the plant. But the share price will respond to news of production and sales and cashflow. And, honestly, the mcap right now is so low that - barring the unexpected - it can only go up.

[qsmeily456] 23/3/2017 09:12

Hey slippery glowworm

There's a difference between bad mouthing and transparency of debate and discussion. You'll find me challenging and straight even when others don't want to really believe because it might temporarily hit their investment. I was right about MA and the old BMR all along and about what these guys would do....write down the assets get in cheap then revamp. I have no problem with this I'm in for the journey they are on and will ride along side. Just be realistic. It's not going to be a smooth ride to 50p and they are not going to be making buckets loads until 2018 at best LOLsss

[kryptonsnake] 23/3/2017 08:29

Why would you bad mouth your own investment unless you are looking to gain something? More likely you're not even invested. Further delays would likely tank the share price and you know it.

I'm confident that processing will begin before the end of this year. At the moment we have been told Q3 for this, and that's what I'll be going on unless we are told otherwise.

[bookwormrobert] 23/3/2017 08:12

As a mining engineer, actually, yes I do. Quite a lot. There are usually delays and problems with commissioning new plant, but this is a dump and tailings operation, so it should be easier. Also power supply (a typical problem) is already sorted.

I don't know Zambia. Only South Africa and Kenya. But Zambia by reputation is a reasonable place to work.

I remain optimistic that BMR can pull this off on time (or nearly on time) and on budget - at least as regards the lead and zinc circuits. The vanadium circuit may not cost a lot more, but its approval may take extra time.

Yes, there are risks in this investment. But IMHO they are reasonably well controlled.

[qsmeily456] 23/3/2017 07:58

Library slug

Wrong assumption. Now take off those Rose tints, deal with the facts and address the issues and question LOLsss

Do you have any idea about building testing commissioning sign off and ramp up etc etc and in AfricaPMSL

[bookwormrobert] 23/3/2017 07:50

Smelly, this is getting tedious. It's not good form to deramp because you've sold out and you're looking to get back in cheaper. Especially, when you're just spreading rumours about like muck.

[qsmeily456] 22/3/2017 22:19

What's on track for Q3 PMSL try define that LOLsss

Series production will not happen until 2018 LOLsss

[kryptonsnake] 22/3/2017 16:53

If you're looking for a delay it's already happened. Wasn't we supposed to be producing by the end of last year?

AB recently said everything is on track for Q3. The only thing that could cause a delay is ZEMA, but that's only speculation.

[qsmeily456] 22/3/2017 16:47

People flooding in to buy this dog I see, even at these 0.7p old money levels.

No processing this calander year except testing perhaps LOLsss

[qsmeily456] 22/3/2017 13:32

Which year.....dream on 2019 LOLsss

[kryptonsnake] 22/3/2017 09:09

It's annoying sometimes when you see companies with large market caps, and they don't even have any revenue.

By the end of this year we will have revenue, and big profit margins compared to standard mining companies. That's when the big move in the share price will happen.

[fireball xl5] 22/3/2017 08:58

BWR Bushveld added another £2.5 m this morning. It's quite staggering that we are where we are. Either we have been missed, people are steering a wide birth, keeping their powder dry or are simply non believers. It's amazing that we were hanging around in the 40p to 60p's with promises and assets which were at lows compared to today's commodity price levels.

[fireball xl5] 22/3/2017 08:50

BWR, it's all interesting commentary and gives an insight as to views held out there and disruptive tech. Agreed with Bushveld and an awful lot of capital to be raised in what are still speculative and volatile markets. Not sure about Nuclear but take his point on the accelerated drive into wind and solar. All the latest nuclear projects have been beset with cost overruns and delays.

[bookwormrobert] 22/3/2017 07:40

Hi Fireball! IMO, take care with Bushveld (BMN) - I'm sure the stock is spiking right now. Also, they have a lot of potential problems which everybody seems to be ignoring, not least the ever increasing difficulties of being any kind of miner in South Africa. You'll also notice that we (BMR) possibly have more vanadium than Bushveld, and at equivalent/better grades, and that we don't even need to dig it out of the ground. So, yes, yet again we come back to the point that our mcap is way too low on fundamentals.

Not sure about the death of uranium, either - the article doesn't seem to consider the huge number of reactors being built in China, and India, and so on. Westinghouse's troubles are trivial in that context.

[fireball xl5] 21/3/2017 20:37

Bushveld MC now £50 million

[fireball xl5] 21/3/2017 20:35

Death of Uranium and Renaissance of Vanadium (in Energy Storage)

[qsmeily456] 21/3/2017 16:23

It's up....just, but enough about my troubles balls LOLsss