I think that the $11m figure to get into full Zn/Pb production mentioned by Keith et al, is way short of what is required. For once, it would nice if Masoud was just straight with investors and tell them exactly what is required and how it will be paid for. Not hard to see why he's not saying how much need to be raised...
I don't think he wants to debate with you now KBC. Even after the massive fund raising, it will take a h*ll of an effort and time to get to Zn/Pb production...it will not be in 2014 that's for sure.
KBC, it seems incredible to me that investors still don't know where the money is coming from for all of the big plans. Investors have been expected to put up with a disintegration of the share value and STILL have not been told how the company will develop the wherewithal to get things moving...a further kick in the goolies via dilution awaits.
KBC, they are going to need a fair bit of cash to get this side of things moving...cash from the yet to be announced dilution. There is a lot of excitement about the copper production, but the numbers are very small
Bugle, have you had any more thoughts about when the dilution will be announced? Approval spike, followed a week later by the bombshell...or at the same time?
Good morning, I can't post much today, off to catch a train. Scotch good to see you posting today, I'm guessing you didn't manage to execute your plan to sell up your full holding when the price dropped quickly (as you posted here that you wanted to do). You have posted your 'buy' ratings before on here and been very wrong...good luck.
Looking at the four year chart, it appears that this flat lining / market indifference is the longest such period in BMR history. Not a popular concept on these boards, but scratch beneath the froth and bubbles and you will see that this is reality.
It's that parallel universe again KBC, where 1.35p is a sign of significant success and staggering warrant discounting, is a show of confidence.
Spirits seem a little low across the boards...is it the concern/uncertainty about the coming dilution? The MMs are putting sells though as buys, so I would think that will cheer some.