KBC, do you still think that massive dilution isn't inevitable?
KBC, it will only be bought if it is delisted and stripped down...it won't be pretty. The takeover scenario is more or less the only string left to the ramping team's bow...they have been wrong every step of the way, so I'm not sure who would take any notice of them.
I'm still surprised that PIs on the boards are willing to speculate wildly about anything, unless it is the inevitable requirement for dilution! Why is this? Is it the eye-watering numbers that will be required, or is it a basic misunderstanding of what awaits us (in the same way the GG totally misunderstood the ZEMA process)?
Good morning. Doesn't look like I missed much yesterday...just the usual dross typified by Ritter's post this morning claiming that Masoud has deliberately got everything wrong!!! Beggars belief that whether it is the ZEMA processes, understanding what resources BMR actually has, the challenges of securing funding, the difficulties of the selling the dumps 'as is', allowing BMR to go to the brink cash wise etc...Masoud just gets it wrong time after time. Many PIs have now seen him for what he is, but there are plenty on here who just won't be told!
That's it from me today...not about at all tomorrow, so catch up with you all on Wednesday.
KBC, if they have been working so close together why didn't Masoud and Dennis know what the ZEMA process was?
Anyone got an answer? How much money will be left in May? Enough for BMR to be a going concern if there is a delay? Enough to meet technical conditions from ZEMA?
Scotch, have you decided to hold on to what you have until the news in May?
Good morning Scotch, did you get any sort of apology from the ramping crew? They seem to have turned on you for being off-message.
So...given that the ZEMA feedback will probably be given in May...how much cash will they have left by then? Will this be enough to satisfy the very likely conditions and further delay?