BMR Mining Share Discussion Threads

[kryptonsnake] 31/3/2017 09:27

QS, we were told Q3 that's why I said that. I am perfectly aware delays happen and I accept that.

We get that you were right about further delays, there's no need to keep rubbing it in. We know the risks of investments but a delay doesn't worry me.

[qsmeily456] 31/3/2017 09:19

Slippery snake PMSL you need to educate yourself LOLsss

[qsmeily456] 31/3/2017 09:15

QsmeIly45622 Mar '17 - 13:32 - 28361 of 28422 0 0 E

Which year.....dream on 2019 LOLsss
QsmeIly45622 Mar '17 - 16:47 - 28362 of 28422 0 0

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

kryptonsnake22 Mar '17 - 16:53 - 28363 of 28422 0 0

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.

QsmeIly45622 Mar '17 - 22:19 - 28364 of 28422 0 0

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

Series production will not happen until 2018 LOLsss

[sleveen] 31/3/2017 09:03

Placing ahoy!

[qsmeily456] 31/3/2017 08:50

QsmeIly45627 Mar '17 - 10:45 - 28386 of 28420 0 0 Edit
6p anyone? LOLsss

QsmeIly45627 Mar '17 - 15:43 - 28390 of 28420 0 0 Edit
The selling Will continue until they come clean LOLsss

[kryptonsnake] 31/3/2017 08:35

It will probably bounce between 5-6p for a while. As BWR says, if you are holding for the long term then it's a case of waiting it out, maybe top up. We can see AB and the team are fully focused on making this happen. Patience is required...

[fireball xl5] 31/3/2017 08:35

Well from the January update we have maintained the status quo, apart from the production slippage which has increased. So all in all nothing has happened and we have lost two months. Perhaps neither February or March are in the BMR calendar.

No V JORC, no update on V recovery. No WKS movement. No ISF test results JORC. Costs yes and Finance costs. Did we pay the facility fee up front or have we been borrowing from another source?

After an upbeat AGM and all the news flow that has been intimated it's nothing but a damp squib. Very dissapoining couple of months in the head office. Has he something brewing on the primus stove? I do hope so. I must admit I was expecting something better than nothing, not something that walks us backwards.

Tailings of hardship and sadness, no comfort and joy.
Half Term Report.
Bozzer, could do better, lacks concentration, makes off topic bids, Portuguese not up to scratch. He eventually completes his task in his own time. Distracted by external activities. Blames his tardiness on others.

[bookwormrobert] 31/3/2017 08:29

Never thought I'd be able to buy in the 5s again. Too good to miss - so I did.

[cyberbub] 31/3/2017 08:12

Increased volume but hardly a stampede for the exits, so far at least. I think the 2 x 100k trades might be a bottom-end rollover as well?A buying opportunity for the brave?

[cyberbub] 31/3/2017 08:04

Getting into production in mining is always subject to delays, especially in developing countries.I am not too worried about a 6 month delay, as long as they continue moving forward.The cash position is the more concerning for me, but as krypton snake said, at their cash burn rate they should be totally out of cash by now so why hasn't there been a.placing yet? Are they being allowed to use the ACI loan as working capital?Let's see what happens. Clearly the share price is going to fall a bit in the short term.NAI

[banking_losses] 31/3/2017 07:56

*waits patiently for the professional BMR excuse makers to perform mental gymnastics to spin the delays as positive*

[bookwormrobert] 31/3/2017 07:54

I'm probably a contrarian here, but I don't think the interims are all that bad. In fact, I think they show serious progress towards a working plant, even if things are moving a little slowly. But then, I'm looking at this investment with a 2-3 year timeframe. And I guess the impatient may well be selling today. In which case, if the price goes down to a certain point, I'm buying.

BTW, the best news is tucked away in the sentence which states that the vanadium comes out in the acid brine leach, and that its extraction is simple and doesn't require a full plant redesign. That means a lot.

[qsmeily456] 31/3/2017 07:47

So now you idiots recognise I was right....delays and they have come clean. And now you even think 6p PMSL....and even agree cash is an issue....it couldn't be funnier

TIMBER LOLsss

[kryptonsnake] 31/3/2017 07:39

I don't agree with that. The plant was not due to be completed until Q3 so it's not 6 month delay, probably closer to 3. We might not have much cash but we are now drawing down on the loan to meet costs. A placing would have been done by now if it was needed.

[cyberbub] 31/3/2017 07:26

Looks like a 6 month delay on the plant unfortunately. But progress is still ongoing at least.The cash position is weak, plus they owe a net £500k-odd on the trade payables. The good news is that their cash burn seems remarkably low at only £600K per half-year.I expect we may need a placing soon. But raising a further £2M at say 6p would still be only 30M shares more, which is not a big deal in the scheme of things.Any comments?NAI

[kryptonsnake] 31/3/2017 07:24

Another 2-3 month delay for production. Some things moving slower than expected. At least we are still on track and no mention of having to raise further funds this year. First drawdown of the loan has now taken place. Just gotta hope we can make production this year.

[cyberbub] 31/3/2017 07:20

No comments on the interims yet?

[qsmeily456] 30/3/2017 17:19

Closed period so no incentive to look after you lot LOLsss

[kryptonsnake] 30/3/2017 16:37

Well if there's no decent update it will probably drop. It might give me chance to tuck some more into the ISA.

Hopefully AB will muster up a positive update. We know he's not very good at bigging the company up though!

[qsmeily456] 30/3/2017 16:31

Because its going to fall LOLsss

[kryptonsnake] 30/3/2017 15:26

Not sure why people are selling now. Tomorrow we are getting the update of the year lol

[fireball xl5] 30/3/2017 14:25

For every seller there appears to be a positive buyer. 7.24 a good price IMHO, well better than I got the other day :(

[kryptonsnake] 30/3/2017 14:03

Agree cyberbub, I think everyone is expecting / hoping for an operational update. It's overdue now.

[cyberbub] 30/3/2017 13:47

The key is not the financial figures, but the narrative about progress on the plant construction, and to a lesser extent the Vanadium permitting.