Berkeley Mineral Resources PLC

Berkeley Mineral Resources PLC issued an interesting RNS today stating they have a Memorandum of Understanding with a Chinese company to enter a Joint Venture to process the lead and zinc tailings at Kabwe! On the face of it, it is really good news which goes some way to explain the rise in sp yesterday! However, the sp has fallen today when you could be forgiven for thinking that it would have continued to rise  on the RNS. Just goes to show how many investors are very sceptical about investing in BMR when so many of them have lost money in the past! I had out go out this morning before the market opened so I put in a sell order only to find that when I returned some hours later the sp had gone down!
Yesterday there was a massive decline in VOG shares and the sp closed at 2.7p! I tried to sell some of my TSTR shares to buy more VOG but my Kill and fill order got rejected! Today the sp has gone back up to 2.79p so I would have been in profit! That's the way it goes I suppose!

Berkeley Mineral Resources PLC

Great RNS this morning from Berkeley Mineral Resources PLC which values the tailings at Kabwe at $1.4Billion!! So definitely a good RNS and yet the sp hardly moved!! It is likely that there may be some more RNS in due course but the level of trading is still too small to trigger any holdings RNS, very strange!
Tristar Resources sp started moving this morning and was up to 0.9p and it can't be too long before an RNS arrives. On no news it is up 5% and it is possible that it could be over the 1p mark very soon. Makes my decision to sell a few and buy some EDL shares on Friday look a little silly! 

Berkeley Mineral Resources PLC BMR

At the AGM of Berkeley Mineral Resources PLC, Masoud Alikhani stated that an RNS would be issued covering a JORC for Kabwe by the end of February. So by this time next week we should have an RNS telling us the % mineralisation of the dumps at Kabwe. All things being equal, this should raise the sp. Then in March, there should be another RNS telling us about the sale of slimes as these are supposed to be sold in Q1 and again this should have a positive impact on the sp So in the next 5 weeks we should see a change in the sp of BMR and who knows, possibly new highs. However, if the sp gets anywhere near 9p I will be happy.

Berkeley Mineral Resources BMR

At last this morning we have received an RNS from Berkeley Mineral Resources BMR!! The only question is "Why has it taken so long to reach this decision?" The company needs money to progress and it had a pile of money sitting there for  months and only now have they decided to do anything about it! I feel that the company needs to change its management for someone with more dynamism!!

The Greeks have certainly made life more difficult in the markets and if this is not sorted out before January  15th 2012, all I see is markets drifting down an global meltdown getting closer!!

Berkeley Mineral Resources BMR

Well they finally issued their RNS this morning on the acquisition of Kabwe and as I suspected there was not much reaction on the sp. There were 22M shares traded in the first 15 minutes but the sp moved only 0.3p!! The RNS announced that there would be a placing of 145M shares at 4p next Tuesday and with each 2 shares there would be an excisable warrant for 6p a share. In other words more dilution! There won't be a JORC RNS until the end of July so I don't see much upward movement in the sp before August. I still have my sell order and it runs out on the 1st August so it will be interesting to see whether it is triggered!

Update: This morning the sp has fallen to just over 5p as many shareholders have got fed up and are selling to use their money elsewhere. I have thought about selling and buying in at a lower price but I am afraid I am afraid I might get caught out if the sp rises! I see that this is going to fall to around or even below 4p next Tuesday but I am still holding and may top up to lower my average price if it goes lower. Difficult times on the AIM market at the moment but there should be news on some of my shares in the next week!

Berkeley Mineral Resources PLC (BMR)

Berkeley Mineral Resources PLC issued and RNS this morning which was not quite was expected. Basically it said that the Kabwe Due Diligence had been completed and they were moving towards completion of the deal! It also said that BMR are not going to proceed with the acquisition of another business in Zambia which would have advanced their plans by 10 months as it was too expensive.

So they raised money via dilution they didn't need and have put back production by 10 months. The net result was that this morning the sp fell by 7% and dropped below 6p. The sages! on the BBs think that this is just getting bad news out the way before a good RNS next week!!! Perhaps they are right but I would like to get out of this share quickly and put the money back into Viridas.

TOO LATE Viridas up 46% this morning!!