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If that's true then it sounds like the Kabwe project is a complete flop. What do BMR shareholders have left then? Are we really going to accept a new listing with a few billion shares in issue, which will wipe out most of the value left in our shares? Sounds like we've already lost everything... is there any point in continuing? I've got a feeling I'll get more money back by taking legal action against the board.
There mincing about with low amounts of copper
Jonah i know people on the ground at kabwe. Kabwe is a mess. Building plant has stopped.
All the resolutions that were voted on passed. That is public record the BMR website.
The decision not to vote on the 2nd set of resolutions was down to Colin Bird, who was present via speaker phone, spoke about changing the terms of the 2nd set of resolutions when he started talking about changing how the royalty would be paid out. This was unprompted and came as surprise to both AB and AGH.
The 2nd resolutions were no longer valid as the terms had changed. The decision not to proceed with that vote was agreed by all present.
Nothing to do with the accusation of drunken shareholders.
You and others will be in court if you place bmr into administration. You guys need think through your actions with facts. Im sure bmrwatch will pay your the legal fees.
Watching this discussion from the sidelines. It's news to me that JLP have stopped work on the zinc processing circuit at Sable - can you tell me where that came from Fellow? I know they were thinking of having a system by which they could switch metals fairly easily to make the best of prevailing commodity prices.
PS. How about 'they're about to lose their investments?' Picky I know.
Lead is a nightmare and zinc only 2k a ton and thats not concentrate or process pure copper. I know which one i would go for. Jubilee just want control of kabwe and sable zinc. Forget the vanadium. Do they want the headache of lead and zinc at this point of time. The chile idea is my view. Stop thinking i speak for borrelli. The bmrwatch are loaded up in jubilee are you not
Yeah, that makes perfect sense. Leave all the Lead, Zinc, and Vanadium where it is and focus on Copper. Sounds like a brilliant business plan to me. Real diversification lol.
If it’s JLP’s intention to use BMR to raise money for exploration drilling in Chile, you can count me out. They should put a fair deal in place for BMR shareholders, or they can stand up in court next to Borrelli.
Lol. Why have jubilee stopped building zinc plant just at the time you and your drunk mates voted down the agm resolutions. You are hurting shareholders not helping. Walk away from bmrwatch your doing a crap job. No point in looking at zinc when revelo deal voted down so no zinc. Great. Jubilee start pushing the copper out. Bmrwatch want borrelli out. Colin bird lol great the bmrwatch are doing our dirty work. Administration here we come jubilee get everything for nothing. Great plan guys
Making****** up and not backing any of it up as always.
No im not a committee member. Its up to you as it falls back on you. You dont want to relist. You think placing the royalty in a safe place for many years is the right strategy. I dont see jubilee processing zinc for years. Copper is where the money is. I would be fuming if this was jubilees plan all this time. Take sable zinc and process copper while keeping the environment and world bank depts happy that no more zinc and lead will be polluting the air and water
The royalty is worthless imo. If they dont process zinc or lead its worthless. I can only see jubilee focusing on copper. There are still issues with zinc and lead. 2 years and still nothing processed.
The onus is on you to prove that is the case. Should be easy enough, seems a very specific rule so I would imagine you can provide me several points of reference?
Lol administration doesnt get your money back. Jeez. When you have responsibility for a group of shareholders you need to think through your actions. There about to lose there investments. Klueloss have you still not found out about the 3 year directorship for relisting yet.
No. The royalty has nothing to do with Copper or Sable Zinc. The royalty as i understand it is to with zinc/lead. Its my opinion jubilee have no intention in the short term to process zinc. They have stopped building the plant and are concentrating on processing copper at sable zinc. They want copper to process through sable zinc. Yes they can buy copper concentrate in zambia but not enough. Bird is the one that is running the show. Borrelli is puppet but by removibg the puppet bmr go into administration. Do u think stratford would transform bmr. He cant be bothered with his shares either. The bmrwatch need to reset there strategy and kick out the rogue committee members who dont even consult with there members anymore
if you are really borrelli fellowship.
what you really oughta be doing.
is stop bad mouthing bmr watch posters and try and get them,they're/my money back
that would be more helpfull
Stuee, you have lost the plot. If BMR goes into administration it will be AB’s decision, not ours. We just want an update from BMR/JLP. We can’t be held responsible for what the Directors do. Try taking legal action against the Board and you might actually get some where.
So basically this new Company is being set up to serve the needs of JLP? Any Copper that’s found will be shipped to JLP’s processing plant in Kabwe. Leon will be CEO, Colin is on the board of the licence holder Company, Revelo.
If they don’t find Copper, the Co. will go bust and whatever Royalty or percentage share we hold in Kabwe will be gone forever. Isn’t it safer to keep BMR private and reap the benefits from the Royalty over the longer term?
Borrelki will squirm his way out. You wont as you have been warned. Go ahead and remove borrelli. You know the company will be placed into administration. You and others will face the consequences. They were looking to export from zambia to china yep thousand of miles away.
That’s quite a bold statement to make... Not only will they find Copper in Chile, they will ship it over 6 thousand miles across the world to be processed in Zambia? Who’s going to be the new CEO of this Company? Is it Leon Coetzer by any chance?
As for legal threats – there is a queue of shareholders waiting to take legal action against Borrelli. If he liquidates BMR he will find himself in court.
If by your actions you place bmr into administration and lose every penny of your own members there will be litigation. Your actions will only help jubilee and this maybe your motivation. You have given up on your investment. Others have not. You cant represent your members if you dont believe in bmr. You can do what you want but be prepared for the consequences or just sit back and wait and get behind the relisting.
But the you and the gang get to take us to court with your ‘lawyers’ and get your investments back because an EGM was called? That’s how this works isn’t it?
Klueloss lol. You cant even work out if borrelli goes bmr go into administration. Your the only group that punishes its own members. Your a disgrace
You’re an actual joke Stuee
If bmr go into administration because of the actions of a few committee members on the basis you remove a director which will not allow the company to relist which you know is the case you will no be any better than alikhani /borrelli. Maybe you and stratford have given up on your bmr shares but others haven't. How can you represent bmrwatch when you have given up on your shares. Unbelievable