on what is now known as "the group" is this. All shareholders are within the group as us shareholders should be kept abreast of any situation which results in a massive profit or a massive loss. We are as "Huggy Dave" and his band of egotistical public school chums keep telling is "We are in this together."
As for any power from shareholders, it is always best applied using the leverage of a "group" rather than a bunch of individuals. By laffer pulling together the 10% plus of private shareholding then leverage can be applied in a well co-ordinated way IF and that is a BIG IF it is required.
So in my very humble but honest opinion - should Laffer et al decide to request some sort of update then it would be a combined and therefore powerful request. It would only take a single response rather that a few score to individuals. All the company needs to is to update the website as a going concern detailing what plant we actually have (as stated in RNS already) and a few photos etc.
Was the cash position known? Did you know the company was spending £250k a month to not get into production, interesting point of view I must say.
AB, I would hope you're correct, however it would appear he wasn't fully versed on everything BMR and according to some who claim a better knowledge of the inner workings of BMR AB was recruited specifically by WH Ireland, whom I would imagine would've had a knowledge of the current company position?
I sincerely hope your point regards DD by an interested party are proved to be correct as I would hand heart stand and say that I've been incorrect with any negative assumptions I have made but your claims seem quite baseless and if it is the case the parties of interest have made their bids and are getting into the finer detail then when is the information going to be revealed to shareholders, I'm sure other companies would be shouting from the roof tops about interested parties who are actively involved and interested in the companies future progress.
The full £4.3m is unlikely to be totally written off, however the items that have lead to this revelation are not likely to yield a positive outcome now are they?
I know I come across as an epic bore with my negativity but I just think its all got the better of me.
It's all well and good accepting I've invested too much and hence its become emotional but it all just feels truly like its been orchestrated to this point. Come the new year we'll have gone from a August ZEMA approval thinking the future is bright, to realising we're in a suspension with an ever decreasing cash position and a new chairman who's history is not exactly littered with success at least IMO, by the new year we'll receive an update but it'll have taken over 8 weeks of uncertainty about what they have found, I hope that this delaying tactic is to soften the blow or secure a satisfactory market pleasing outcome from what appears to be a negative situation caused by dear leader MA.
Am I asking too much for the company to come clean and make right any misrepresentations from the past? We wait, we hope.
Foggy posted some really good ones the other day, one of the jokes was about land mine mats in Afghanistan. The strange thing is, reality sometimes stranger than fiction or jokes. Nothing to do with BMR situation. Just foggy reminded me of the guy who was found to have committed fraud.
The ADE 651 is a fake bomb detector produced by ATSC (UK), which claimed that the device could effectively and accurately, from long range, detect the presence and location of various types of explosives, drugs, ivory, and other substances. The device has been sold to 20 countries in the Middle East and Far East, including Iraq and Afghanistan, for as much as $60,000 each. The Iraqi government is said to have spent £52 million ($85 million) on the devices.
Back to trying to value,WSP slime & leach plant tailings, very good grades.
That short sentence may just sum it up, yes. I am prepared for anything now though Klue. Maybe some take the lack of definitive news as bad news, while we are suspended. Fair enough. It isn't a pleasant time, but I still think we'll be ok, because it's possible we would have folded before now, if MA was ill. I hope we still have a future and that's based on us not being told that we haven't, and also the stage at which we were at prior to the suspension.
Hi Laffs. I am under no illusions here, I don't feel comfortable with the suspension. I have accepted it, but I have also seen that there has been no bad news since. That is what I'm holding on to. Call me naive perhaps, but the Company has not told me that my investment here is finished. I do not however have my 'it can't happen to me' rose tints on, because it has happened to me, in BHR. I have lost 17k for certain there, which is a massive blow. I am therefore only trying to retain a balanced view, based on what I know to be the case, and not on a potential situation that my mind may generate, a situation which may not be correct in reality.
I am looking at the Company's position here before suspension Laffs, whereby we were well placed to progress. As far as I'm aware, nothing has changed. We are temporarily suspended, pending the investigation of, and accounting for, a financial discrepancy in the accounts. Many posters here now are consumed by the negatives it seems, in spite of there being no further evidence since suspension, either from BMR or via the press, that we are definitely on the ropes.
I need to see further evidence Laffs, before I mentally discard this share as not coming out of the woods. Can you maybe understand that?
I am as concerned as anyone here, I have much to lose, but until I am informed otherwise by AB, I will continue to believe that this will not fail. I am not trying to stop the group, I am not saying don't approach our Company to liaise, I am only concerned about the timing of it all, while we remain suspended and while AB is trying to iron out any issues.
I don't feel as though you read and digest my posts properly at times.I have also said that you've done a good job with the group, which you have.
If you feel I'm wrong with my opinion re the timing, then I'll accept that. You are entitled to your view, as is everyone. As you are the mouthpiece for the group though, promoting it here on LSE, I feel that you do have to also take the responsibility for feedback on here from other investors, myself included, who are not in the group. I am not an outsider just because I have yet to join. I am a fellow investor who has held these shares for over four years. It isn't a case of the group versus the rest, I certainly don't want that, and it shouldn't be so. You are a good guy Laffs, we just differ in our ways of thinking.
Listen, if I'm wrong about the Company, in spite of the no current bad news situation, I'll be the first to hold my hands up. Similarly, if all turns out to be ok and we progress as planned, those who are not seeing a way out at the minute should equally hold their hands up.
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