BMR Mining Forum

smoke and mirrors on the finance, brave call that raz

Your post has also covered both scenarios lol well worded ...it's great when you can't be wrong

What are you on about I am being straight and also giving you logical not pie in the sky answers ....you are the ones that seem to know what zema do and do not need

Why can't you be straight razor? I think that it's very likely that finance will be conditional on approval (hence the massive dilution we will see here), but ZEMA will be putting themselves in a truly precarious position by signing this off on the basis of a promise by an external party. In my experience, organisations like ZEMA want to see the bank balance (with an audit trail) and not an i.o.u. in advance of signing it off.

KBC I said that yesterday although the cravat is there that figure may rise ..this also may be bmrs part as I think money is available from WB

So Schand if that's the case can you concede it's not an issue

raz do you think the elephant in the room is how much it will cost to leave the site "clean" $1.25m is a joke.

For all we know finance could be conditional on zema approval with Hunan or even WB ..zema would be aware of this

Just because bmr have not borrowed money it doesn't mean they can't

Come on Razor, address the point I'm putting to you. If you think that ZEMA isn't bothered about the cash situation to enable BMR to exist, just say so!