Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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You receive a voice recording of the Italian character from 'Allo 'Allo. "I knowa notheeng!"
Ok, cheers. I do seem to remember it from the past, with it being on Shutterfly. I just don't want anyone else shafting us poor sods for even more money. Some of us are already way underwater.
Pmsl
Lol. For my postal order will I receive a sample of copper in the post? Or will MA get confused and send me a stool sample?
I don't know much about it mate. I think it's more of a shareholder force than a BB. You just sign up by Email and probably state your BB name and holding? Not sure how it will help exactly. Surely if we're going to get shafted any further it'll happen anyway lol.
So what can BMR Watch do that can't be done on any bb Bring? Do we have to pay to join it? Seeing as you posted info about it. Cheers Bud.
"Hello All, Yes, I am back from the dead.......... and yes, I am still invested in BMR........ Spread the word (without getting banned from the various discussion boards!), BMR Watch is waking up and wants shareholders help to try and protect all those invested. It really is time that Shareholders hold directors to account and if necessary, force directors to act in the best interest of shareholders as opposed to themselves. Apathy kills your investment. Doing nothing kills your investment. Listening to detractors kills your investment. Participation in BMR Watch may help protect your investment. What are you going to do? Nothing? Or the right thing? Visit www dot bmrwatch dot shutterfly dot com Shareholders should.... no..... need to hold directors to account. After all, they work for us! Don't be naive and assume directors act in shareholders interest. They don't, especially on AIM. With little involvement or effort, we shareholders can collectively ensure that directors act in our interests and not their own."
Yeah that would be nice. Hopefully it won't be long before we are back to those levels, considering the warrants at 5p and all that.
Sorry, no that was warrants, but presumably you get my point.
re "Although the placing is at a 50%+ premium to our last recorded buy, as Klueloss pointed out, the last placing we had was effectively at 2.9p, so it makes sense to make it slightly higher." Maybe the placing should be at 7.1p in that case to give a little succour to all those poor bustards, including me, who took the previous placing.
bjlabuk, I was first told that the investors would subscribe at 3p once the JV was signed. After that happened I was told it would be after the plans were approved by BMR/JLP. Although the placing is at a 50%+ premium to our last recorded buy, as Klueloss pointed out, the last placing we had was effectively at 2.9p, so it makes sense to make it slightly higher. AB won't be putting anymore money in which is a little disappointing, but we have the likes of CB and LC who might buy some in the future. As we know CB already owns around 2.5m shares in BMR.
Moneyhawk, Thanks. If I had a spare £200k I would certainly want more info, assurances etc etc before I subscribed for shares at 3p. Would be nice to see AB put his money where his mouth is and buy a substantial amount himself.
Hi Klueloss, Thanks, take your point about JLP not being happy if shares were offered at less than 2.9p.
Bjlabuk, my take on it is that the BoD believed that there would be huge interest in the shares following the JV and licence being restored, and that they could get enough interest in the placing so issued the statement without actually having the placing sorted out. Perhaps they were rushed into it by JLP making the announcement about the licence. But I think they underestimated the damage to investors confidence caused by the licence being revoked and circumstances surrounding it, and perhaps also investors confidence in JLP being able to deliver on the time scales imposed by the new licence conditions. JLP isn't suspended, and had a higher market cap and SP before getting involved with BMR, which gives an indication of the value the market is placing on Kabwe at the moment. Added to that, the plan for a 5t/ph plant is very small scale, and there doesn't seem to be much of a plan at the moment setting out how and when it will be expanded to a size to process the amount of tailings at the site. JLP also moved the goalposts somewhat, and BMR may end up having to raise more than �1m to maintain a 60% share if the costs rise beyond the amount already agreed on. But hopefully any additional cost will be to expand the capacity of the plant so it would be worthwhile expenditure and see a good return. So I would assume that until the plans and costs are finalised, and its confirmed that it can be done in time to meet licence conditions, there won't be many people willing to commit to the placing as its a bit unknown at the moment what they would actually be investing in.
JLP holding should've been 29% not 40% but my point stands.
In theory if JLP return with a 'positive' outcome on whether they decide to build the plant and we return to trading then it's not inconceivable that AB believes BMR would be valued much higher than it closed at. Also the JLP shares were worked out at 2.9p so given they're a 40% holder maybe they wouldn't be too happy if AB gave away �1m worth of shares for less than that? Just my opinion of course. RNS 15.01.18 "The overall average subscription value per BMR Subscription Share is approximately 2.90 pence" It's definitely not all it seems and all hinges on JLP returning to BMR with a positive decision on the JV. If they don't come back with a positive outcome it doesn't bare thinking about but the timing of it all and our current precarious financial position along with no known plan b doesn't fill me with positivity.
I need help clarifying the following: RNS 1713K 06/04/2018 - "In light of the re-instatement of the Kabwe Licence, the Directors anticipate announcing shortly a subscription of �1.0 million for 33,333,333 new ordinary shares at 3 pence per share together with warrants over a further 33,333,333 new ordinary shares exercisable at 5 pence per share for six months thereafter, whereupon BMR will apply for trading in its shares on AIM to be restored." 18/04/2018 - Re Update "Q: What's the hold up on trading being restored? A: Hold up is waiting on the placing, it's all private investors that are putting money in. It should be done 'imminently' then we should resume trading. It will depend on how long it takes and if the Nomad is happy with it. There is a possibility that we will wait until the JV is signed off but he's eager to get back to trading once the placing goes through." RNS 8205M 2/05/2018 - "Finally, the Directors anticipate that the �1.0 million subscription, first announced on 6 April 2018, will be delayed until Jubilee has notified BMR of a positive decision (on whether to proceed with the plant development) by 14 June 2018, whereupon BMR will apply for trading in its shares on AIM to be restored." Anyone make any sense of the above or clarify the order in which things are going to happen? The 18/04/2018 quote is from Brings transcript of a telephone conversation he had with AB, so is not an 'official' comment and should be treated accordingly. Also, I have spent the past couple of weeks trying to figure out why anyone would subscribe to this offer. The closing share price on suspension was 1.90p. Why would anyone want to subscribe for shares at 3p when they could wait until trading is restored and buy at circa 1.90p ? And if the sp started going up you could buy more shares at less than the 5p warrant price. I would only view this as an attractive offer if I was assured that BMR was going to be re-rated upwards of 3p on restoration of trading and that my 3p per share investment was going to immediately put me in profit. Am I missing something?
Additionally......not Afditionally.
Thanks matey. I was gutted with my spelling mistake in that post, but my eyesight is rubbish nowadays. I had 20/20 vision when I first invested. Screwing my eyes up in disbelief at our RNS releases has done it. Lol.
Good post. Regs 3c
What you need to understand is that processing the tailings and bringing in enough cash to cover our debts will not likely surge the sp up into the twenties. Cos thats what its gonna take for a ton of peeps to break even given the years of lost profit they could have got investing in a simple savings account. We will cheer up when we are good and ready. In the meantime Vij watch this space for the next twist or turn. I am expecting shenanigans. Thats the best way i can protect myself and if it all comes good then myself and many others can escape and maybe it will all have been worth it. It aint over until the fat lady sings and she aint got fat enough yet. ATB G
Yes all us LTH remember the photocall with the Hunan mob, the announcement, the signing of documents - ZILCHO!! we are battle hardened old campaigners on the BMR road to nowhere.
As you should know full well Vig, we long-term holders need to see the evidence nowadays, before even remotely thinking about leaping for joy. This share has been a case of the boy who cried wolf for a good decade. Unfortunately, it appears that only a long-term holder understands and appreciates that. Proof is what we need Vig, not merely the words of action, or, as you keep hammering home, the potential for this to really go places. We all know about the potential here, and that has been the problem for far too long. The absolute frustration of it. Nothing has ever occurred, in reality, to really get us off the ground. Close early last year, but so far no cigar. Afditionally, insofar as a working relationship with BMR is concerned, JLP currently remains unproven, and I feel we shareholders need to be satisfied that the two can walk the walk together. As Barno has mentioned, we also still have Borrelli in situ. Nothing can or should be taken for granted. It is apt to deal only with each piece of news as it comes then, and, as Bryn has touched upon, trust that the RNS information will actually now reflect an accurate picture of what is happening on the ground. By all means, you get excited, be as optimistic as you wish, but please accept that others are cautiously optimistic only at this point. You won't be able to change that, nor should you try. For the reasons mentioned. Best regards.
No inclination to dance with the blind or sojourn with the despondent . But you post and preach along side them . Mostly a load of old Bo**ocks
Don't forget the Borrelli factor..........in another 3 weeks or so, you may have joined the ranks of the despondent.