Berekeley Minerals (#BMR) SHOCKING - accounting hiccup is £11m not £4.3m, shares susp

Green light at last for Berkeley Mineral

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.

Exclusive: Berkeley Minerals – Zambia Decision Deferred? Sell

The much waited news for Berkeley Minerals (BMR) - would it get ZEMA approval for Kabwe? - is out (albeit not yet via RNS - we are ahead of the game) and it is the second worst outcome possible. Deferral. 

Berkeley Minerals – About to Take off?

Is the Berkelely Minerals (BMR) train about to finally pick up some steam? Shareholders are used to missed deadlines, last week was no different. Having been told that the Zambian Environmental Management Agency (ZEMA) would give its decision regarding the commencement of production at the Kabwe tailings operation by the end of the month, Friday came and went and no decision was forthcoming. 

Local support for Berkeley Mineral Resources

Berkeley Mineral Resources (BMR), the loss-making AIM company with ambitious plans to process millions of tonnes of zinc, lead and copper tailings in the mining region of Zambia, believes it has passed a significant milestone. It has won unanimous approval of its plans for the old Kabwe mine 130 km. north of the central African country’s capital, Lusaka, at a key public meeting of local people and government representatives.

Berkeley Minerals – Worth a small punt at 1.33p?

Shares in Berkeley Minerals (BMR) have slipped back to 1.33p after interim results which just did not have the sex and drugs wow factor small cap investors crave. But given how close this company is to material output maybe this is worth a small punt.

Berkeley Mineral Resources – speculative buy at 2.13p

The maths look compelling (even heavily risk weighted), the newsflow should be sparkling according to my sources but this is mining: it is all about the delivery. Even so, Berkeley (BMR) is worth a flutter as a speculative buy at 2.13p. I could see the stock hitting 3p in fairly quick order. But it is speculative.

Buy Berkeley Mineral Resources (BMR): A 200 Day Moving Average Break Targets 4p

Berkeley Mineral Resources has been requested by a ShareProphets user, and it would appear that it is a stock which currently has improving prospects, after an extended period of unwinding since the dizzy heights of 8p plus were reached over 2 years ago.