I can not believe that Berkeley Mineral Resources have dropped 28%!
Stock-holders need to shake their heads. They are being manipulated out of their stock. The current news regarding the license is just a fly in the ointment and todays massive over-reaction is being fuelled by day-traders dumping stock which in turn has caused a run on this sp. A classic case of mass Lemming syndrome! What’s the betting that a recovery begins to take place in the next few days? The company is telling you that,
“Completion of the acquisition is not now expected to take place until early in 2011.”
Investors need to realise that nothing in business ever runs smoothly there will always be hiccups! Especially when you’re negotiating with third world countries . Berkley will bounce back read what the company are telling the market 26th November 2010
The Company acquired an option to secure the rights to process the remaining stockpiles of lead and zinc at Kabwe Mine, Zambia in June 2010.
· The stock piles are estimated to contain approximately 7 million tons of high-grade lead and zinc tailings.
Highlights post year-end:
· The Company continues to work to complete the proposed acquisition of the tailings dumps at Kabwe, Zambia.
· The capital costs of the planned processing plant and working capital to commence operations are funded.
Nothing has changed here other than the time frame!
A very good punt and currently at bargain basement levels!