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Berkeley Minerals (BMR)     

3 monkies - 27 Jan 2011 19:37

Has anybody seen that RHPS has recommended 3 sells one of them being the above? Can see tomorrow being a disasterous day!!!!!!!!

mentor - 04 Apr 2017 23:03 - 45 of 47

Third time lucky? How this miner can double - By Alistair Strang | Tue, 4th April 2017 - 10:19

BMR Group recently blotted its copybook but, strangely, we're not yet ringing alarm bells. But we are perhaps justified in wringing our hands together in frustration as the share price has crashed, once again, through its historical glass ceiling. Or perhaps its flat trend line in pink, but "glass ceiling" sounds more techie.

The issue arose following the 10:1 shuffle with BMR's share price, as immediately afterward a glass ceiling at the 7.15p level appeared.

The first time the price broke above this level in October last year, it was permitted a few days in the sun before being trashed for a while. The second time it bettered this level in February this year, it experienced nearly two months in the glow of misplaced optimism before the price was manipulated once again below 7p.

Presumably the company managed to extract some bad news to spoil the immediate potentials.

On the basis that third time will be the charm, if BMR somehow manages close above 7p we'll be fairly comfortable it intends some proper movement as an initial 10.25p makes a lot of sense with secondary, if bettered, at a longer-term 12.25p and the need to re-calculate its potentials as things start to get a bit silly in the growth potential stakes.

For now, we're basing our optimism on the red uptrend line on the chart below.

The share price completed March with a plunge below this red line, perhaps an early warning this trend could be broken. But, importantly, the downward spike happened right at the open courtesy of a manipulation gap and price down spike.

We like down spikes at the open as they "generally but never always" presage some coming upward travel. When they are prefaced with a gap, the subliminal message is a bit Theresa May.

As the closing price inset highlights, it appears the market was keen not to allow BMR to actually close below the uptrend as this would take it into the region of 4.35p initially with secondary a very probable bounce point at 3.85p.

But hope can be taken, as it seems we're not the only folk with a red crayon.



BMR Group technical analysis graph

Chart.aspx?Provider=Intra&Code=BMR&Size=300*350&Skin=GreenRed&Scale=0&Type=2&Cycle=MINUTE1&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0Chart.aspx?Provider=EODIntra&Code=BMR&Size=610*350&Skin=RedWhite&Type=3&Scale=0&Cycle=DAY1&Span=MONTH2&OVER=&MA=&IND=;&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

black bird - 14 Jan 2018 14:24 - 46 of 47

bramofitch buying ? short stock ? what is the truth, hold long term, await developments, or buy more. s/p 2.42 to buy.BB

HARRYCAT - 03 Aug 2018 13:24 - 47 of 47

03/08/2018 - 7.00am

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM - XLON

Pursuant to AIM Rule 1 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.

BMR Group Plc - ORDINARY SHARES OF GBP0.01 EACH, FULLY PAID
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