Nevertheless, BMR is not a massive company. You know I'm ACA by profession. I spent 6 years in audit, both in practice & in banking. Getting to the bottom of thus company won't take long, we are tiny, with a small balance sheet. You could depth test each of our assets in a couple of weeks.
Really hope we get something definitive quicker than the spring! Cheers
Chimey - lol, now you're sounding just like my clients. They would first need to find out what's been going on with the old lawyers and accountants - 21 days for that is reasonable. Then, the new lawyers need to go through it - another 2-3weeks. They will need to ask qquestions, another 3 weeks to reply. Through Xmas, annual leave, sickness etc into themix and you are wwell into the new year.
They might all give it top priority, but why should they? I know how long these things can take, hence Spring for me. Hopefully it will come earlier, especially if they are going to have an AGM which would be a bloodbath without news, but you can see how time can drift by.
Think everyone is for giving AB some time to resolve the issues he undoubtably faces. That said, the timescale to resolve issues must be reasonable.
IIRC, you're a contract lawyer by trade. There can't be many agreements to review, so I would expect the external lawyers to be able to establish our legal position within a couple if weeks. I wouldn't expect the accountants to take much longer. Say maximum a month to investigate, a week to compile the report, early Dec latest for concrete news to shareholders. Spring next year is way beyond my expectations.
I had in the last few days an e mail from a resident who is in a business about 15/20 Km from Kabwe. They made the following comments." I have tried to find our what is actually happening with regard to activities of BMR without going myself to the site area, However no one in Kabwe seems to know anything about work or activities of BMR" I would have thought that somewhere along the way Kabwe traders would have an ear to any movements.
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