A week of worry and brittle concern...those of us who have been around the block a few times will recognise all of the signs for where BMR is going. I hope those who hold in hope will come out of this with and a portion of their original investment...and learning for future trading. Have a good weekend, stay off the boards...see you Tuesday!
KBC, I have said this is the past...worst scenario for the local population is that BMR starts to disrupt the 'concrete like' dumps, run out of cash and leave the toxic materials open to contaminate widespread areas. Will ZEMA be convinced about the financial model to ensure that BMR will finish the job? Will they stick in conditions? Had a decent chat with ZEMA about this during my chats. I still think that ZEMA will approve, but the issue of caveats will be interesting.
It seems that every time someone speaks to Masoud and reports back that he claims there is no problem and everything in the garden is rosey, PIs are comforted by his words. I find this staggering...he has been comforting PIs all the way down from 8p to this new four year low. Do any of you actually think that Masoud really has no idea what he is doing and will keep investors strung along until the bitter end?
Ticking down...a new four year low! What happened to all these corners people are convinced were being turned? There are a lot of people who have questions to answer on these boards. Looks like Masoud's amazing track record is continuing. Feel for holders.
Good morning, I see PIs are still focusing on ZEMA and not on the funding. Lots of angst and concern being expressed and it is not difficult to see why.
The proclamations of faith in Masoud always raises a quizzical eyebrow for me...what is this faith actually based on? Track record of disaster for investor in his other interests? My conviction of the massive dilution is based on real world experience...oh and common sense! It's a bit obvious what is around the corner...not too difficult to work out to be candid.
Good morning Keith, although it is very convenient for you to believe that Feilong was 'pushed', there is no evidence whatsoever to back it up.
As for your other question, I have answered that many, many times here in response to you and others.
So, now after turning the latest 'corner' we find ourselves at the 4 year low once again. We are still not seeing an honest debate about the level, size and impact of the dilution that will follow approval (nor the potential conditions that could be attached to the approval).
There is also no discernible discussion about the thorny, yet pivotal, issue of 'proof of concept'...as I said earlier in the week, if Feilong walked away because they were unconvinced about the proof of concept of the commercial viability re. recovery of Zn and Pb, where is the money going to come from make this happen?
and I'm afraid it is red once again.
Quiet day trading, but plenty of sells, and even quieter on the boards...perhaps this explains it:
[link]
I jest of course...I can't contribute to the board tomorrow with business travel, but all being well, I will catch you on Thursday.
Tick down to the 'flat line' level...difficult to see market confidence growing at a sustainable level until the funding conundrum is resolved.