web analytics

11 Nov | Purchase – More Berkeley Mineral Resources

When you’re on a good thing…

Following on from last Monday’s purchase of 21,712 shares of Berkeley Mineral Resources (BMR.L) at a little over 4.53 pence, we’ve gone back for more, stocking up with a further 23,777 shares at 6.23 pence last Friday and again this Monday with another 18,646 shares at 5.28 pence.

To cut a story with a lot of numbers short, we’re now averaged into Berkeley Mineral Resources at 5.38 pence for our 64,135 shares.

Since our first Berkeley buy, management have come out with RNS update on their planned acquisition, stating:

Berkeley Minerals Resources plc, the AIM listed company that is primarily engaged in processing mining tailings, wishes to update the market regarding the acquisition of tailings dumps at the Kabwe Mine in Zambia.  The complex legal and other documentation required to complete the acquisition is continuing to be finalised and the acquisition is expected to be completed in the next three to four weeks.  The Directors will make further updates in due course.

Berkeley bulls continue to outnumber the Berkeley bears as she now trades just south of 7 pence. The scene is set for an interesting run up to the next update from Zambia. Stay tuned.