So many questions and not enough answers...if this activity is the warrant holders selling as soon as they can, it really doesn't augur well...perhaps Rofert is right, perhaps he isn't, but there is an uneasy feeling about the current trading pattern that should be putting PIs on high alert. Take care y'all and I'll catch you up tomorrow all being well.
If Rofert's theory is correct and the warrant holders are off-loading the warrants before or at the same time as getting them, it doesn't augur too well. Surely the warrant holders will have the inside track, knowing what is going on here, so why would they want to get rid for a small profit, if they 'knew' that they could get more in a few weeks' time? No doubt, Masoud wouldn't care too much, all he needs is a solution to the funding crisis to keep BMR as a 'going concern'.
I'm sure someone will be along shortly to say that he has evidence of warrants being put through as trades higher than the value (what are the chances of SXX being mentioned?)
KBC, why are they pretending that the 1.4p trades are the warrants being exercised?
The nature of the posts today are very reminiscent of BMR days of old...the same days that dragged people into here believing the £1 by Christmas malarkey and now stare at staggering losses. I urge prospective investors to stick to reality, ignore the fiction, reflect on why the SP is on its knees, and look at the cash position. The board's intention to shift this away from 1.25 with little buys, is wholly unconvincing. All being well, I will catch you tomorrow.
A very reasonable post by Tom over on iii, has brought out the team to ridicule him. Problem for the rampers is that his thoughts reflect the concerns of many BMRers...I have been raising these issues for some time. People claim that ZEMA approval is the key to great riches, but if they open their eyes they will see that ZEMA approval will be followed by a massive dilution that could leave many PIs in big trouble. Let's try and have some balance to these discussions chaps.
KBC, ZEMA told me and others that BMR must be able to demonstrate financial viability in order to gain approval...it is part of their fixed criteria. Starting this work and then have it suspended would be catastrophic in terms of the environment, given the disruption to the 'almost like concrete' dump resources. This isn't gold they are dealing with, it is highly toxic materials
They are loading up the machismo and emotive language to ramp up the intensity and sense of urgency (as demonstrated by Lewis, "stop touching cloth and grow some balls"). Masoud is desperate to get this away from 1.25p so he can offload the warrants and keep the company afloat...
Hmmm...I see what you mean KBC. I'm not sure how many will be fooled by this desperate attempt to trigger the hype again. You are right about LSE...I'm expecting to see a series of 'top-up' claims...such a shame that they don't show their sells too. BMR remains in big trouble and a few bob being spent by directors really doesn't amount to much in my opnion.