KlueLoss, I want an AGM too and prefer that option. I think if BMR do not announce one that is just as, if not more damaging than an EGM motion. That would be a volition of "We don't want to speak to you", the market would be asking why and assuming the worst.
IMHO an EGM will only be tabled for consideration if BMR do not announce an AGM.
Whoever calls the meeting, I want total transparency and honesty from BMR and want a full status/current situation review and then to know what the main plan A is, what dependencies there are to execute that plan and what other plans there are if plan A does not fall into place.
Another poster (can't recall who) recently mentioned all the MOU's JV's etc etc. Yes, what is the status of all those? Clarity please, that should be in the current status review along with all that we own. etc. etc.
Whatever the format of the meeting, we have to get these questions across, we holders should come up with an agenda and send it to BMR in advance, whilst some may argue that is giving them the heads up, I would argue putting them on the spot, they will not have answers for most of what we ask for.
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.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.