Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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If you type BMRWatch then a dot then the word Shutterfly and then add another dot then com
''Borrelli is probably already 2 steps ahead of us .'' Agreed.
AB was getting Bring to give misleading information for months to keep PI's happy and now has Bring advising the action group what to do. He is not daft and will get away with it.
How long will the money last to pay him?
BMR is still around if you look
So the board has disappeared from the main LSE Watchlists
Hi all
Not been on here for some time (years!!) ....However....
Sorry to be out of the loop, but whats this BMR Watch Pool?
Been a holder for 8 years (losing badly, obviously) and now this calamity looks like the end.
Would like to get involved as I'm guessing the more of us involved the better. Please advise.
Looks AB, has started implementing his exit route, we are playing catch up .
Its catch me if you can senario now .
Still can't believe how we have come to this - lies - deceit - mugged ............................
Ruman99, can i suggest you go onto the BMRWatch site and ask your questions there. There is no point discussing any strategy here on an open forum. Borrelli is probably already 2 steps ahead of us .
We now have over 12.5% pooled together , i think we need act soon , as we may miss this opportunity to get the answers we all want ? what are the next actions ?
Thank you.
Doubtful engineering delisting to facilitate this deal could be viewed as beings in (the majority of) shareholders interests.
...the curse of the Broken Hill skull, having wreaked untold pain and misery, passes on to JLP and its unsuspecting shareholders...
Voluntarily leaving AIM does require shareholder approval. However, a company needs to fulfil certain obligations in order to maintain their listing, one of which is having a NOMAD. So, no NOMAD, no listing. Seems to me that the delisting event was engineered.
BMR is still a PLC (as far as I am aware), but just not listed on any exchange. The directors are free to do anything that they think is in the interest of creditors and shareholders. Tough to prove that this isn't in shareholders interests.
Most things requiring shareholder approval relate to things like individual class rights, and indeed switching from a PLC to a Limited company. As long as certain shareholders are not getting preferential treatment (which seems unlikely) then I doubt AB has done anything wrong.
Does leaving AIM and becoming a private company not require a shareholder vote/approval? Does governance not
change as a private company, such that AB wouldn't have the authority to agree this deal without shareholder approval?
Jubilee Metals Group PLC
Jubilee gains full control of the Kabwe Project
Project Highlights
· Jubilee gains full control of the Kabwe Project increasing its interest to 87,5%
· Option to acquire 100% of the Kabwe Project while BMR retains a maximum of 12,5% of generated earnings
· Jubilee retains its 29,01% shareholding in BMR and therefore a total effective beneficial interest of approximate 91,5% in the Kabwe Project
Leon Coetzer, Chief Executive Officer, says: "
I am delighted by the execution of the updated shareholders' and operating agreements with BMR. The agreements ensure that Jubilee takes full control of the funding requirements and execution of the Kabwe Project.
We have been able to ensure that the success of the Kabwe Project remains independent of the financial position of BMR with the option to acquire 100% of the Kabwe Project.
The expertise of our technical and project execution teams have led to the development of an enhanced process flowsheet for the recovery of both zinc and lead. As previously discussed, the enhanced flowsheet allows us to implement the zinc recovery circuit independently of the lead recovery circuit which provides our technical team with the opportunity to continue refining the lead circuit design without delaying the construction of the zinc circuit.
I am confident that the team will conclude the enhanced circuit design and project financial parameters by the end of Q3 2018. "
to see if i have any Sicilian relatives
Corporate Business at work guys, the strong managed ones swallow the weak managed ones that's how they grow.
Not always a clean fight and being delisted was like tying our hands behind our back - hard to prove it was manufactured even harder to get redress. It would have been a bit easier to bear if our leader had negotiated a 1 for 1 to make a civilised takeover.
The story goes that Dennis Bailey introduced Alex Borrelli to Masoud Alikhani. Borrelli was getting into the business when Alikhani fell ill and the rest is history.
Klueloss - I also accept hindsight is very easy. I don't know when the PI shareholders would have had a chance of correcting the situation, if ever. Who chose AB anyway?
When Atc delisted investors asked to be still able to post on lse,which they can via the search bar,i don't know how long this blog will be running for,but i think we need to ask the administrators to let it continue.
Borrelli i'm sure would want these blogs to dry up sooner rather than later,starving investors of information.
Indeed sidebar.
The Boz-weasel put Jubilee at risk with the mining license.
From then on BMR was a dead man walking.
Rofert nobody has been elected to do anything. It probably is too late to take action. In hindsight we should have taken Borrelli to task as soon has he arrived but it was only right in most people’s eyes that he was given a chance and he has taken that chance hasn’t he.
Me feel sick to my stomach, and nothing I can do about it
Sidebar - I think you just hit the nail square on the head.
Hmmm.
Wonder how close we are to recovering money from the last bunch of C####?
Messages not posting?