BMR Mining Share Discussion Threads

[markjwal] 26/5/2017 16:58

Listen BWR, please go away and wait for your libellous comments to come back to haunt you sooner than you might like, you've called AB dishonest and a fool published on a public bulletin board, but I know it's not the first time you've ended up in court Gary!

[kryptonsnake] 26/5/2017 16:53

Something tells me you lossed a fair packet here. Maybe when the consolidation happened? Could explain why you have a grudge against Alex. If you buy in now you might just make your money back one day.

[kryptonsnake] 26/5/2017 16:41

When you buying back in smelly man? At the bottom again? Lol

[kryptonsnake] 26/5/2017 16:37

Whatever wormy, how much selling did we have after that RNS? What's actually changed from the last update? You keep wishing away.

It seems like you have something against the company. Did you lose a lot of money here by any chance?

[bookwormrobert] 26/5/2017 16:33

RNS -

BMR in hopelessly weak position. Clearly "other" deals do not exist or are too awful to contemplate. So AB plays "extend and pretend" on ACI. Pathetic and dishonest.

This share price is strange (so many LTHs nursing 90%+ losses), but in normal circumstances I'd expect to see a sharp plunge on Tuesday morning.

I don't know what can be done to save this company from here. And I certainly don't understand how to make any money from this share.

[markjwal] 26/5/2017 16:25

And still we wait, to be honest there must be some hold up out of their control otherwise why do they keep giving assurance and why does Alex and Jeremy keep accepting that assurance, I am still hopeful but it's less than satisfactory!

[kryptonsnake] 26/5/2017 16:09

You've not sold out on us already have you smelly? You bought at the bottom and sold at the top. That's always the story lol.

[qsmeily456] 26/5/2017 15:39

You proper bellend how is buying at 4 selling at 5 a loss? PMSL

Now naff off with you're guessing and fantasies LOLsss

[fireball xl5] 26/5/2017 15:10

Starters, we don't need Star, there is money in the bank already, £2.75m would do. If ACI wanted the deal back then, when Zinc and Lead prices were 20% off today, then there will be those wanting it now. Zinc stocks are at an 8 year low and a tightening market. We now have a large V resource. ACI found us, I'm sure AB will have an alternative if the contract is broken.

[bookwormrobert] 26/5/2017 14:02

Who the hell is Gary Carp (genuine question!)?

[bookwormrobert] 26/5/2017 14:01

So $2.68m + $1M + about 500,000GBP for PLC & office costs + something for working capital whilst positive cashflow from plant is being established. Call it around 3.75m GBP. You can do the precise maths from there, but on my fingers it equals a dilution to shareholders of about 40% all in, (if this money is raised as new equity). Less bad, but still pretty bad.

(Forgive me, but I am thoroughly enjoying how QSmelly is about to lose money, despite having being tipped off by an insider that the company was in trouble. It's priceless! Very sorry for all other shareholders).

[ljchandler] 26/5/2017 13:55

Bookworm aka gary carp!!!

[qsmeily456] 26/5/2017 13:51

Jeez this thread is getting more like LSE everyday.

Look bell end is a complete guessing fantacist so ignore the idiot.

LOLsss

[banking_losses] 26/5/2017 13:47

Trading facility is/was US$5.2m

Star Zinc $1m

Plant aggregate cost $2.68m with standard industry deviation of -30% and +50% (bare in mind the company has made savings, reported in RNSs)

So the trade facility was to cover the worst case scenario of £4m because you said 'quid' I assumed you meant '£'

Will be interesting to see what we hear later today.

[fireball xl5] 26/5/2017 13:45

More like £2.75m to complete the plant including Head office costs.

[bookwormrobert] 26/5/2017 13:30

Hi Banking Losses! Honestly, I'm going by memory, but I believe 5m quid is about right if you include the cost of buying Star Zinc (part of the mining plan), working capital for the operation's start up, and enough money to keep the PLC going for a year.
If you know a better figure, please correct my above post accordingly. But the implied shareholder dilution will still be horrible (and entirely unnecessary if the BoD were halfway competent).

[kryptonsnake] 26/5/2017 13:25

Blah blah blah, 5 million is utter rubbish! If you are going to post here at least stick to the facts!

[banking_losses] 26/5/2017 13:08

bookwormrobert,

Just because I'm a bit thick and only go off the figures we've been presented can you please explain to me where BMR have ever said they require £5m to get the plant built and functioning. A link would be appreciated as I've searched all RNS for the figure you've given and it would appear it doesn't exist.

[bookwormrobert] 26/5/2017 12:57

Let's just assume that ACI are not going to pay - I think more than likely now. BMR market cap is approx. 10m quid. According to current plans, BMR need approx. 5m quid to get the plant into operation and become cash flow positive. How to raise that 5 million and at what cost?
Route 1: equity (if indeed it were possible to raise that much money from the markets). This would have to be issued at a discount to current share price and with warrants and a fee payable - all in all the operation would probably result in about a 50% dilution of current shareholders.
Route 2: unconvertible debt. I think very hard to obtain without an offtaker deal in place and a better business reputation. I just can't see this happening, even at a very high interest rate.
Route 3: Joint venture deal with partner who finances the plant and manages its construction. Possible, but the partner would drive a very hard bargain, and probably insist on about 50% of the profits. (I.e. it comes out as something similar to route 1, except that BMR might gain access to some valuable expertise from the JV partner).
So, all in all, I like the idea of a JV best, if it can be done. But I don't think we'll get one today. Nor do I think it possible to raise 5m quid in new equity money now. Rather, I think we'll get a "keep the lights on" placing for about 500,000quid at about 3.5p with some dodgy financier like Darwin. In short, a disaster for current shareholders. I hope I'm wrong, but I don't think I am. AB really should do the decent thing and resign.

[kryptonsnake] 26/5/2017 12:08

I've no need to lie, unlike some on here...

[qsmeily456] 26/5/2017 09:09

Slither

Another lie.

You'll recall and I'll remind you just how wrong you've been time and time again.

I've been the one saying all is not right re the funding and it would test 5 when it was above 6p and it's all on this thread with an unremoved audit LOLsss

[qsmeily456] 26/5/2017 09:03

It was a question to you lot tongue in cheek.....and NO LOLsss.

As for bellend

I can assure you he know sweet FA about ACI the deal or the 2 other financing deals so ignore the idiot LOLsss