Following my piece HERE which voiced concerns that formerly AIM-listed BMR Group (BMR) had simply been executed by the oxymorons, I had a chat with the company to find out what comes next. My hope is that the company will release a statement in due course, but in the meantime what I can report is that it seems all is not lost. I can also report a little more on the loss of its licence in Zambia (which was subsequently restored).
I start this podcast by reflecting on my biggest investment mistakes of which selling some Optibiotix (OPTI) three years ago must be in the top ten. Stagging Argo Blockchain (ARB) hjas so far been a small mistake but I reflect on that too. Then I reflect on the bombshell by Nigel Somerville on BMR Group (BMR) which shows AIM Regulation not fit for purpose and opens up a mega scandal for WH Ireland (WHI). What happens next i ask, referring to good news on the claims against Cantor Fitzgerald re African Potash (AFPO)
I wrote a few pieces on (now formerly) AIM-listed BMR Holdings (BMR) back in February when its Zambian Mining rights were stripped away – the previous threat of which it seemed to know of the previous September (when it did a placing) but did not share with the market. That was eventually resolved and the rights restored, but this morning BMR was given the boot from the Casino. Perhaps we should not be too surprised, but I wondered what was going on here. What I have been told suggests an absolute scandal – but not at the hands of BMR…..
I am very excited by working through the most wonkish of data sets to show Channel 4 was serving up A grade fake news as it reported on the drought in SA last night. More on that HERE. I start with the BMR (BMR) scandal where i am an angry small shareholder. The problem is that this is not an isolated incident, I look at Telit (TCM), MySquar (MYSQ) and Sefton (SER) where crime really did pay. Then I look at an Optibiotix (OPTI) share sale and indicate at what point i will, again, be buying. I look at a share sale in BCA Marketplace (BCA) and why that is such a massive red flag compounding the thesis explained in my major report of last Autumn, The Big Short.
Further to my pieces on the BMR Scandal, we might note that BMR completed a Placing via those fine upstanding chaps at Peterhouse Corporate Finance to raise £0.8 million at 2p, as announced on 14 November last year. This was, of course, when BMR knew – but the market did not – that it had received a default notice regarding its Kabwe project in Zambia.
Well, well. Yesterday AIM-listed BMR ‘fessed up that it had received a default notice way back in September from the Zambian authorities with reference to its Kabwe project. The company didn’t notify the market of that until yesterday, when it ‘fessed up that it has now been stripped of the license. So what of its joint venture partner, fellow AIM-listed Jubilee Metals Group (formerly Jubilee Platinum, JLP): what did it know?
AIM-listed BMR updated the market at 1.15 this afternoon: it has been stripped of its Zambian Mining right and the shares are now suspended. And it seems the threat was known back in September, but the company didn’t bother to mention it.
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
In this video from the storming success that was the 2017 UK Investor Show, in the 'Dragon's Den' companies have a 60 second pitch to the Pizza Hardman Darren Atwater, Tom Winnifrith and Steve Moore for three £1,000 investments. This fourth round features Big Sofa (BST), Ariana Resources (AAU), BMR Group (BMR), Versarien (VRS) and W Resources (WRES).
In this video from the storming success that was the 2017 UK Investor Show, Alex Borrelli, CEO, and Jeremy Hawke, Mining and Operations Director, of BMR Group (BMR) are at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
This is our fifteenth show and, I think, that this is the 6th that the Pizza Hardman Darren Atwater has been involved in. But at last he has agreed to make a main stage debut and it is not to talk about pizza. For what you may not know is that Darren is a trained journalist and, as those who read Notes From Underground every Sunday know quite a funny writer when he wants to be. And so he is on stage.
Ok, WH Ireland employs a good selection of total tossers and it is Nomad and Broker to BMR Group (BMR) so its research is not impartial. But the news from Kabwe yesterday was good and, as you know, I am a fully paid up member of the Alex Borrelli fan club. Borrelli has saved BMR after the former chairman stole all its cash and is one of AIM's honest chaps.
No great surprise after the Metal Tiger (MTR) / BMR Group (BMR) takeover debacle but this morning, Metal Tiger announced wholesale changes to its Board as I felt it was inevitable. Worth taking a closer look and trying to understand what it means for the business from here.
I realise that there are some out there calling for the head of Alex Borelli after the failed merger attempt between Metal Tiger (MTR) and BMR (BMR), two companies where he is the CEO. I admit it all looks odd. But my initial position is based on the assumption that Borelli saved BMR, going in after the previous boss stole all the cash. Fundamentally he is a good and honest man so surely he would not do anything dodgy. Having dug around I put to you another hypothesis.
Following the strange goings-on last Friday, which I covered HERE, with the disappointingly low offer for Metal Tiger (MTR) by BMR Group (BMR), it has all come to a quick end with a couple of announcements on Monday and Tuesday this week, but surely Borelli’s position at Metal Tiger is now untenable.
An astonishing RNS late yesterday detailing a potential shocking offer for Metal Tiger (MTR) by BMR Group (BMR) has left me, and many of their respective shareholders, scratching our heads. Alex Borelli is the CEO of both companies – what the hell is playing at?
I have no idea why Malcolm Palle of Mining Maven organises the events he does. He charges companies far less for his seminars than other folks so, after hiring a pleasant venue and providing booze and food for all as well as paying his own train fare down from the grim North he won't be making much. But all credit to him for putting on fun evenings. I commend him for his Saintly community spirit and reckon that more folks should pop along as I did last night.
The second Dragon's Den session at UK Investor saw myself, Steve Moore & Gary Newman invest £1000 each. Our choice was Xtract Resources (XTR), Berkeley Energia (BKY) and BMR Mining (BMR). Watch for the claim made by Jan Nelson of Xtract.
Alex Borrelli has brought BMR Group (BMR) back from the dead.As such he is one AIM CEO I am not going out to bash. At UK Investor Show he explained the past and future of his company.
The Sith Lord Zak Mir will be leaving the rebel alliance for good on Sunday. As of now this site is (with the exception of the miserable froggie Thierry who has penned a great piece today) fundamentals only, no TA nonsense. We will do some buy tips but not of that ramping shite Bulletin Board Morons love - this site is becoming more critical and bearish. In terms of the market I comment on the joke that is ISDX in light of Nigel's great article today then onto MX Oil (MXO) - explaining market abuse & insider dealing for Wildes and other morons - LGO Energy (TOAST), Koovs (KOOV), UKRProduct (UKR), EG Solotions (EGS), Webis (WEB) and BMR (BMR)
The next video interview from Gold & Bears is with my old pal Alex Borelli, the Chairman of BMR Mining (BMR) who has saved this company from the extinction it faced thanks to the way its former boss stole all the cash.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares of BMR Mining (BMR), Frontera Resources (FRR), Plutus Powergen (PPG) and offer some share price targets.
Featuring shares of BMR Mining (BMR), Castleton Technology (CTP), New World Oil & Gas (NEW), Quindell (QPP), Teathers Financial (TEA), Water Intelligence (WATR), together with some share price targets.
Featuring shares in BMR Mining (BMR), Cap-XX (CPX), Edenville Energy (EDL), Golden Saint Resources (GSR), Independent Resources (IRG), UK Oil & Gas (UKOG), with some share price targets
Once more I find my attention diverted from Berkley Minerals (BMR) because of news from Bushveld Minerals (BMN). The wide spread on Bushveld’s share price seems to have sent Mr. Market to sleep, but that is inexcusable. The news released today is massive and if identical news was released by a company like Rare Earth Minerals (REM) then the share price would be up 30% or more. It is up 3% and this is a stonking opportunity
Masoud Alikhani, veteran chairman of Berkeley Mineral Resources (BMR), is celebrating the belated approval by environmental authorities in Zambia for its $18.7 million (£11 million) lead, zinc and copper tailings project at Kabwe in the heart of the central African country’s mining district. According to the AIM-quoted company, first tailings production could start ‘within days’ following written approval from the Zambia Environmental Management Agency (ZEMA), which also triggers the second half of a £1 million equity financing of Berkeley at a lowly 1.4p a share through Park Lane stockbroker Novum Securities.