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What I don't get is, I was the one that posted about the new Nomad visiting the site at Kabwe. I also posted over two weeks ago that an RNS would come from BMR on 3rd August.... All of this confirmed by the company and others, yet you still call BS on my posts.
If you continue to try and shoot me down I will just put you on filter. Unless you haven't noticed we have a fight on our hands and I haven't got time to bicker on here with anyone. Do yourself a favour and join the fight, if you have the balls to stand up to AB.
I wrote a few pieces on (now formerly) AIM-listed BMR Holdings (BMR) back in February when its Zambian Mining rights were stripped away – the previous threat of which it seemed to know of the previous September (when it did a placing) but did not share with the market. That was eventually resolved and the rights restored, but this morning BMR was given the boot from the Casino. Perhaps we should not be too surprised, but I wondered what was going on here. What I have been told suggests an absolute scandal – but not at the hands of BMR…..
We know that WH Ireland (WHI) – the erstwhile Nomad – resigned and BMR’s shares were suspended a month ago as a result. I still haven’t established why, or when notice was given. But we also know that BMR told the market a month ago that it was in advanced discussions with a replacement – so why was the company given the boot this morning?
I got on the dog and bone to make a few enquiries and a source has come forward. What follows looks terrible for the Oxymorons of AIM Regulation….an absolute scandal.
What I have been told is that a Nomad was indeed lined up, and had even been out to the Kabwe site in Zambia to inspect the site. So discussions were indeed advanced.
However, I have also been told that the dead hand of AIM Regulation stepped in and at the last minute told BMR its suspension would not be lifted. They refused to discuss the matter with the proposed replacement Nomad – because they had not been appointed yet – and the replacement couldn’t take up the role without the suspension being lifted. AIM wouldn’t lift the suspension because BMR (formally) had no Nomad and so via a peculiarly circular route, BMR was given the elbow. Nice!!
I am told that BMR’s financial condition is fine, and if it needs cash it has around 4% of AIM-listed Jubilee Platinum (JLP) it can sell. I am also told that an alternative trading platform is being sought.
This looks horribly like AIM Regulation ordered a straightforward execution.
But worse follows – and this is about former Nomad WH Ireland.
I have been told that Ireland went out to visit the claimed £4.6 million copper asset at Kabwe promoted by previous management in 2015 – and which has since been shown by current management not to have existed. But it signed off on numerous statements saying that it did exist. Oops.
So perhaps it is not completely surprising that WH Ireland would have wanted out – and not entirely surprising that BMR wanted them out as well.
These really are serious allegations.
That's not including who may have signed up recently
The tally so far is 13382445
We need a minimum of 5% to enable us to take some actions. We have 335,710,864 shares in issue - 5% of that is 16,785,544 shares.
Just mine and aw2414's holding's gives us over 9m shares lol, that's just two people! We should smash 5% easily, but 10% would be even better... Get involved!
Simply create a free Shutterfly account (www.shutterfly.com) then send an email (using the same email address you setup your shutterfly account with) to bmrw.pool**********
The admin will then send an invite for you to join the BMR Watch site. Once you accept the invite the admin has to upgrade your access to full so you can participate in discussions etc. this may take a little while.
It couldn't be easier! At this stage we are not asking for proof of share holding.
Why did we choose Shutterfly to host this site? At the time (early 2014) it was the easiest option to get a site up quickly. We are investigating alternatiives.Thats the symbol at gmail .com for the e-mail
I have done very well on stocks in the last few years, just not in BMR! big loss - I will add my hold to the group
We must nearly be there with AW2414s holding
i assume the the figure 7,298,407 pooled shares is now considerably higher ? i have noted more share holders have joined in.
it's called a 7 year bear market m8....a bad one that started in 2011
so i have about 8 delisted comps in the pf,crushed by no money.
brill
Hope Eric is ok he he hasn't posted since thursday..
i'm not giving any advise but why can't we(the ordinary shareholders)park any differences aside and stick together by joining the group-what do we have to lose?
its tough, I have a hold here and lost plenty, I was in when we were suspended under old management, and again now. I too have other delisted shares. I have to move these from my ISA to my trading account. This has been a dog! Probably my biggest loss ever here.
Another shocker I had was also to do with JLP - it was BRR Braemose resources. 16 of them became 1 JLP - that was a 95 percent wipe out.
Luckily I have shares like VRS , ARS, EVRH that all multi bagged.
AB - WTF - I do not understand how it has come to this!
Re: Leader of the sharegroup:
Firstly, there is not going to be any leader(s) of the sharegroup. The BMRWatch group is already a well established group with committee members in place. Anyone wishing to put themselves forward as a committee member will be voted in by the PI membership. The committee members will then be expected to act as representatives for all the PI membership. If a meeting is organised with Borrelli it will be the committee members that will attend, on behalf of the PI membership. The questions they will put to Borrelli will have been formulated and agreed beforehand by PIs, certainly the scope and topics that need to be covered.
Re: 3cardbrag -- Allianz re court of law - 'We both know that's not going to happen don't we? '. Yes I agree that this will not happen, because it will not be required. All that will be required to deal effectively with this situation is a strong shareholders group. Also, Borrelli is the last person that will want the catalogue of disasters that he has resided over aired in open court. Where all e-mail correspondence and communications between Borrelli and ACI, MTR, JLP will be held up to scrutiny.
Re: bandit1 - 'I will resist venting here any more and will engage on the JLP board in a more productive manner to save others from having to read my musings.'
Re: 3cardbrag - 'I will not be joining any shareholder group run by Bring.'
I hope that as many PIs join the shareholders group, including bandit1 and 3cardbrag. I do not understand the point in attacking BMR or Vig. If you are angry with the current situation, then venting your anger on another PI simply lets Borrelli off the hook! Help establish a shareholders group, by becoming members, that will hold Borrelli to account.
In this unfortunate situation, PIs should act in a measured, cool, calculated and forensic manner. Especially when dealing with Borrelli. Getting angry and venting frustrations again lets him of the hook.
A very disappointing turn of events. If you are content to sit on your arses and do nothing and watch whatever value may be saved in your investment in BMR disappear, then do nothing. If on the other hand you want to try and recover something then I suggest you join the watch. No time to be coy, I have joined and have thrown the weight of my 8.55 million shares behind it.
AW
All, I don't post often but am fed up with losing money on aim with what seem to be crooks as CEOs, I've had ABH, BHR, XEL and now BMR that have gone belly up. I've got over £20K in BMR and will register for bmr watch in due course. Really frustrated and feel there's more than meets the eye with this, Borrelli and JLP have planned this for bigger gains down the line. We'll end up with very little to nothing
I will keep reading the board and hopefully learn from another aim disaster.....and I thought this was an investment that would recover most of my losses from the last 10 years!
You don't need a 5% shareholding to report illegal happenings. Just ring the police or the fraud office with whatever evidence you have
What bull**** would that be then? If you think you can prove me wrong over something, be my guest...
Suit yourself 3card. As you're also a JLP holder it would probably be a conflict of interest if you joined anyway lol.
Perhaps you'd rather just come on here moaning instead of standing up to AB.
It's not about whether or not he likes you. FFS he doesn't even know you. He's just, as I have, seen through all the bull*****e
It doesn't matter who the group is run by. The main thing is that the group achieves it's objectives.
Am I correct in assuming that we will require 17 million shares (5%) to have the power to demand a meeting and answers. Or is my maths wrong!
3card - not run by bring - this has been going for years in fact since AB took over.
At the end of the day we have limited choices as individuals - as a combined force we may have little chance BUT if we do not bother then close the book on your investment.
When BMR Watch started it managed to get a face to face meeting with the board at the time - of course they were different times back then. As the old adage goes "United We Stand - Divided We Fall."
All a personal choice and no one should criticise either way.
We both know that's not going to happen don't we? It's all bull**** and I will not be joining any shareholder group run by Bring
re "Andy, it says this at the bottom...
"Shareholders will be kept informed of further developments through the Company's website www.bmrplc.com."
Yeah just like they were whilst we were still listed right?