Not looking to pick fault, I think you made a error on ammount of money AB spent on shares.
In addition Alex Borrelli (Non-Executive Chairman) purchased 2,500,000 MTR Shares for a total cash consideration of £12,500. Following this share purchase, Alex Borrelli is interested in 4,900,000 MTR Shares representing 2.67% of the current issued share capital of the Company.
The one thing that is scary about an EGM is that it's into the unknown, I'm not sure the market would like the uncertainty and that would no doubt have an adverse effect on the SP most likely to the downside, this share doesn't need any help moving any further down but I think some who are not wanting to go down this path or want to wait as long as possible maybe looking at it from a damage limitation perspective.
I personally would prefer an AGM, if we have to go down the EGM route then something is probably seriously wrong. My share holding is in as I prefer action to inaction and agree that long term we should try and get unity amongst shareholders and try and at least ensure BMR are acting in our best interests at all times.
Your joke was far from rubbish, I was a little tipsy but the mix of the imagery of wily old MA doing a coin flip for every RNS and too only find out he has the same options worded differently on each side tickled me.
Accountability is the least we should of asked of the previous team, were the two executives Mark Wainwright and Horacio Furman asleep on the job whilst Masoud Alikhani just played the puppeteer with shareholders and company funds alike?
Are we now trying to get money back for ventures that are now non starters? Truth is we cannot become a multifaceted metal producer over night, and certainly not without some serious financial help. Just how big a weight this 'material concern' is around our throats currently nobody knows, only that it was serious enough to suspend the company from trading. I have a feeling ambitions will need to be reigned in, simplified and more concentrated. We currently own masses of land, some unexplored, a mine, infrastructure, bountiful amounts of Lead and Zinc tailings and a Copper Plant also very little cash, no debt mind. It doesn't add up.
I sincerely hope that Alex Borrelli along with Mark Wainwright and Horacio Furman are working towards bringing BMR out of suspension with a clear direction in which they plan to take the company, if they can. If none of the Copper ventures happen immediately jeopardising any income stream I hope they are able to decide affirmatively that Lead & Zinc is the way forward and are able to give a reasonable timescale in which they plan to achieve it. Maybe we can agree some terms with someone interested in the supply? Remember accordding to MA there are many interested parties, have been for 4 years, nothing every agreed though, hmmm.
Copper seems a little more complicated than we thought, given we don't really have the volumes of Copper on site at Kabwe like we do for Zn & Pb. We have a plant though, that needs 'substantial expansion'...
Also West the below point you made is what's starting to seep into most holders mind sets and not before time...
"Our money ...our investment...our right to know what is being done with our investment."
So let's hope we come out of this mess with a new impetus and direction, with a real plan and not more misdirection and carrot dangling.
Billy, I have every sympathy with anyone who is down on this share whatever category they fall into. However I cannot abide people who think they in some way know more about the situation than the average joe and then blatantly prove they don't. dufc/stu if you are reading - Ndola/Chingola a smokescreen? you don't say, I worked that one out all on my own without even picking up the phone lol. Well done Sherlock. IMO obvoiusly
I do not, I have been completely open with what I want to achieve.
Who are the "most" you are referring to? Why are they not being vocal? Are you their mouthpiece?
Why are you against shareholders trying to take more control of their investment in BMR? If anything sounds dodgy, it is that right there.
You are promoting not being prepared, I am promoting being prepared.
As for AGM/EGM - I do not understand how it can be damaging.
You have reminded me (thanks) that once the pool is large enough, I need to ask what deadline they want for an AGM announcement.
If no AGM is announced by that deadline, then I will ask what they want to do and when. As I have repeatedly said, it has to be a consensus.
Remember that I now feel the game is bigger than AGM/EGM anyway. Ultimately the game here is to have enough of a following that if BMR do try anything underhanded to leave current holders with no value, I believe current shareholders should be in a position to do something about it.
I am actually finding it quite amusing that a few out there appear to be frightened of shareholders having power! Shareholders having power is exactly how it should be, we own the company!
I will not stop this for as long as I am invested here. My ultimate goal is to have a shareholder based oversight committee that wields real power (hopefully >50% of shares in circulation).
As ever, I desperately want BMR to succeed. But I will not be suckered into a false sense of security or confidence. I want a powerful shareholder group waiting in the wings to act if they have to.
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