BMR issued and RNS yesterday which said they were issuing 145M shares to raise money to buy a company to process the material and that it would save 10 months production!! Net result was the sp went down! They seem more interested in purchasing other companies than in getting on with the job of getting lead and zinc from the tailings dumps. On the BBs there are lots of people ramping the share and shooting out sp projections of up to £1 but I can't see tht happening for many years if ever. The next ramped figure is 27p by end of June! That is four and a half times the current sp and it is not going to happen. If it gets to 10p by end of June I will be amazed.
I was going to do a top up of BMR yesterday but changed my mind and topped up 34000 share in VOG as I see that as a nobrainer. They have the licence, they are laying the pipes, gas will be supplied before the end of the year. If this gets to 10p then I will be making some nice profits. I have £8000+ of VOG shares and if it got to10p then they would be worth £14000+ so I would be well on my way to my £25000 year end target.
I could have bought BMR for 5.59p yesterday and sold at 6.25p today making £200 profit and then bought VOG today!! Hindsight is a wonderful thing!
I was going to do a top up of BMR yesterday but changed my mind and topped up 34000 share in VOG as I see that as a nobrainer. They have the licence, they are laying the pipes, gas will be supplied before the end of the year. If this gets to 10p then I will be making some nice profits. I have £8000+ of VOG shares and if it got to10p then they would be worth £14000+ so I would be well on my way to my £25000 year end target.
I could have bought BMR for 5.59p yesterday and sold at 6.25p today making £200 profit and then bought VOG today!! Hindsight is a wonderful thing!
