BMR Mining Forum

Hi Anth, do you think that I'm a paid deramper, as claimed by the ramping crew?

lol, physician heal thyself. you're just as persistent at 'de-ramping' as the rampers are at 'ramping'. they do it because they are shareholders and have the misguided notion that what they say on BB's will effect the price.... why do you do it, I wonder? either you have a lot of time on your hands or you have another reason

A new 4 year low, every PI with unbelievable losses, and BMR staring at a funding crisis...but still the ramping team want to tell us all that this is a great investment. Staggering...

Bugle, perhaps you are crediting Masoud with too much nous...a cursory glance at his other businesses where he has apparently lost big chunks of cash, suggests incompetence rather than cunning!

The final eia submission wasnt until May 2013 nearly 4 years after they started. BMR are already at the final approval stage

The process started in 2009 and finished in 2013.

Environmental Permitting Process The Company commenced its EIA studies and approval processes in 2009 with a public consultation meeting attended by over 130 people. Initial terms of reference for the EIA were submitted to the ZEMA for review and were approved in November 2009. Baseline studies were subsequently undertaken during 2010 and 2012 to establish positive and negative impacts from the proposed development and to provide enhancement and mitigation through management plans. A Public Disclosure meeting to inform stakeholders about the EIA findings was conducted on site in September 2012 and was attended by 95 people. This allowed further local community concerns to be taken into consideration prior to the submission of a first draft EIA to ZEMA at the end of 2012. After consultation with ZEMA a final EIA submission was made in May 2013 with the accompanying fee of approximately $US74,000. ZEMA requested additional information specifically in the areas of, water balance, HIV/Aids management, surface rights, assessment of adjacent settlements and a groundwater assessment. This further information was submitted in the form of an addendum to the EIA in July 2013. At a Public Hearing, requested by ZEMA, held at the site on 30 August an estimated 150 people gave their unanimous support for project development. In their letter dated 15 October 2013 ZEMA confirmed that they had formally approved the Company’s EIA. The principle conditions attached to the decision are that the Company re‐settle 4 families living in close proximity to the proposed processing plant and that Luiri provide an alternative borehole water supply to the Zambia Air Force base. The Company has already commenced the process of discharging these, and other minor conditions. In addition, ZEMA also stipulate that the project shall be implemented within 3 years from the date of the approval.

Bugle I think MA knew about it all along and has been working on it for several years. Check out luiri gold

Surely MA must have known all along about the ZEMA process. My opinion is that it was kept from pi's to keep them strung along. Maybe other investors knew and thats why the price fell from 5p the last time round with many pulling out at that stage. Seems something else has spooked them with this 25%+ drop from 2p. When the interims are published then I think we could be in for another big suprise. All IMO of course.

ljc, you have been claiming for a long time that the 'Chinese' are stake building here, so to take a further chunk of BMR surely they will be looking for a decent discount in today's SP? Do you think that this could pave the way for delisting as one possibility?