BMR Mining Forum

Razor you couldnt make it up lol

Some people beggar belief lololol

Surely putting panic as a rating doesnt help any other possible investors buying shares. If i had 10 million shares I certainly would be putting ratings like that

I am having my own little panic..

Scotch why do you think its time to panic after rating it a buy the past few months?

apologies for typos

No news today from MA...So here are some thoughts from me after reading and re-reading the EIS as downloaded from the ZEMA site. We have 2 projects to approve: Wsh Plant Tailings and Leach Plat Tailings (requiring $11m investment) and the Copper Processing Plant (requiring $465k investment)....Let's assume we get ZEMA approval in the last 2 weeks of April (and best case is a straight yes, with no added conditions that might slow progress from here) we have $11.5m to find to get things in place. A couple of questions and considerations arise: 1. Where will we get $11.5m from vs market cap of $43.0m? Well there are £2.292m of 2p warrants outstanding. Maybe Hunan will buy new shares and at current prices this would give them a 30% - 33% depending on how preferential a buying price they secure. This could be a reason why the Board aren’t buying, as they may think it sensible to hold off until the associated shakedown and price drop occurs – and pick up new shares at 1p – 1.5p? Who knows, pure speculation. But if not Hunan, from where? 2. It is of course, entirely possible, the money will form some type of loan against off-take agreements – but again, this is speculation 3. An $11.5m build doesn’t feel like a fast piece of work, so how long does it take from a ZEMA yes, to full on processing of the tailings? Increasingly this looks like 2015 for me – although the CPP at just $465k may come on stream much faster What are the implications (for me?) 1. I have stated I am reviewing my buy stance. My position was that any price under 2.5p was a bargain. I need to revise this. In the absence of clarity and reassurance from MA – his silence over my questions is louder than I like, and the lack of clarity as to how the $9m shortfall will be met, I now see the short-term risk profile being too great. 2. As a result I believe caution and liquidity are sensible short-term options – at least until the long term funding position is clear

That's it from me today...not about at all tomorrow, so catch up with you all on Wednesday.

Yes.....looking like another MA/harley spin job

KBC, if they have been working so close together why didn't Masoud and Dennis know what the ZEMA process was?