KL - Not sure how much was paid out to Ascot or whether they did their work in lieu of profits from the processing. I do find it sad that at the time when Metorex were selling out of Kabwe BMR were pushed aside from obtaining the Zn/Pb plant, only for it to have a change of use. Perhaps a bully boy tactic, knowing full well that the issue in Kabwe was pollution caused by the Zn/Pb tailings. So Glencore squeeze out the possibility for BMR to immediately process its tailing assets and of course now, they have almost abandoned the site again using bully boy tactics.
Hopefully management can get a hold on the present situation and even if it means selling out some of the assets at less than market value to bolster the coffers then so be it.
Shareholders have (or should I say some) been waiting far too long for this to pop. It has taken a few people out financially along the way. It is time we were either put out of our misery or fill our pockets. I am a glass half full.
What i think might be a good idea is to ask AB straight if the RNS issued were all correct and true and if all the infomration on the website is still correct and true. This should atleast give us the idea that BMR will still be a going concern.
fsst - I too believed we had the facilities, however, it seems a number of folk have posted over the past months that we do not. There have been no further photos added to the website, the company has not issued any statement to suggest otherwise. Another comment on the website "It is currently verifying these and has launched a Copper processing programme at its Industrial site near Ndola." suggests there may be additional processing resources near Ndola.
Now if these statements within the website were untrue or no longer valid - would they still be there? If there was a hint it was not then surely they would be required to alter that information as it would be deemed misleading.
KL - do we know for sure that we do not have the equipment? They could utilise mobile processing equipment which can be leased short term. The profits from the sales of whatever comes out at the end will be more than enough to cover short term or even longer term costs. There will be a lot of second hand processing equipment available on the open market too.
That said, there was already a solid base for processing at the original site which may require tweaking and forgo the necessity to lease.
Personally I have never visited the site or to be honest Zambia, so the above is mere speculation. I know there have been a number of posters here who claim to know people on the ground, however, until I can see them, touch them, smell them - then they are anonymous and perhaps mythical creatures.
All I do know is that I have invested several thousands of my hard earned in here, I have read independent news stories suggesting BMR are able to produce, I have not read any news suggesting otherwise. The company website states BMR IS A MINERAL PROCESSING COMPANY - though if also states post title intro:-
Using highly efficient processing techniques, BMR is planning to extract valuable metals from the tailings it has secured at former mines in Zambia.
The Company specialises in the extraction of Lead and Zinc from the vast tailings deposits at the world-famous Kabwe mine and Copper from former mine sites in Northern Zambia.
So unless someone can point me in the direction of tangible evidence telling otherwise I have to believe that the company will move forward.
I have mud on my face from listening to MA in my limited conversations I have had and others that I have read about.
I also notice AB has a history as MA had. To drag this story out for so many years without production is very odd, however, surely some journo would have picked up on something to knock the living daylights out of the company if available.
I should add, by requesting a meeting I think the response would be very telling so IMO at least it would be interesting to get to a point whereby we can see whether they are dismissive and have no interest or whether they would like to better an ever growing poor relationship and reputation it has with a select group of private investors.
Obviously some of you are willing to 'pick up the phone' and accept whatever it is you're told on the phone, it's not working and everyone who has called has got the same limited information.
As a group we would be much stronger and coherent.
If anyone is still anxious about the future with BMR and has the time and will to commit time and energy to try and speak with the company and the directors formally please contact bmrwatch immediately and make your interest and availability known.
I do believe that it will be wound down if Laffer does not see an interest in his idea to form a committee, I can see his point and with only a few of us willing to commit time and energy to help try and develop communication with the BoD we will look very lacklustre if we do not come together and unite for the good of the group.
Reality is we probably can't force an EGM or an AGM, however we can contact the BoD and try and arrange a meeting to try and get some answers, it's not the strongest play but it's better to try and fail than to not try at all. Surely?
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