BMR Mining - Approval price... - speculation is rife across the...

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14:50 02/05/2014

Rife?

13:09 02/05/2014

speculation is rife across the boards with talk about the price level that will be achieved after approval. Okay, we can laugh at the ludicrous estimate of between 200% and 300% rises posted up elsewhere, but realistically on the day of the announcement where do people think the SP will be? I believe that on this day, it might get somewhere near to 2p, but perhaps just below...who knows, it could even be that the approval will bring a much more modest market reaction (given BMR's consistent inability to be transparent and hit deadlines/targets)...but the real spanner in the works might be any conditions attached that could bring additional costs and potential time delays. Lots of unknowns, but one thing is certain, buy into any spike at your peril. On a positive, what are your estimates for the approval day maximum price?

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