I have just received a reply from AIM which suggests there is nothing automatic about delisting after six months. Whilst they have not confirmed BMR will or will not delist at six months, there is enough in what they do not say to suggest that the info I have been given suggesting BMR have and will take longer that the statutory six months to relist. Make of it what you will but I am posting here exactly as I received on my email. From what I have gathered Alex is doing all in his power to have something positive to release along with the accounts and is determined not to just allow this to tank as would happen if no other news were forthcoming. I am still inclined to give him the time to get on a do just that. Perhaps we will get an update this week, but nontheless I believe we still have time
Good morning. I am a berkeley mineral resources shareholder. The shares are currently in voluntary suspension. Usually this would mean bmr have six months from voluntary suspension to relist or face delisting. In bmr's case there seems to be extraordinary circumstances. I.e the former chairman had been diagnosed with alzeimer's disease. How could I get reassurance that bmr may have special dispensation that due to extra ordinary circumstances an extension would be granted if necessary?
Dear Mr xxxx
Thank you for your email.
As you may be aware, AIM Regulation is the department within London Stock Exchange that is responsible for the regulation of AIM and provides guidance to nominated advisers and AIM companies on the AIM Rules for Companies and AIM Rules for Nominated Advisers.
We understand shareholder concerns surrounding the Company's notified suspension. However, you will appreciate that we are unable to comment on company specific matters.
From exprince Bmr will need to unsuspend within 6 months of they will be automatically delisted and will need to spply again MA wad a exprinced game player IMHO using the company as his personal Toy and cash cow
I think when and if there is a RNS the news will be bearish in the short term mainly thanks to the despicable MA, but with rather better prospects in the future. Hopefully when the share is unsuspended there will not be panic selling as I believe there is a reasonable prospect of a decent rise when things settle down
As a shareholder of BMR I would like to say that am very unhappy with your proposed course of action.
It seems to me that, if we have been played, it would have been before AB came on board. He has got £1.2m in the bank for us so we are not going to bite the dust anytime soon. Ok he maybe could have got a lot more, we'll never know, but I would like to think that the decision was made to cut our losses and take what we could and as quickly as we could for the future of BMR.
Please let the guy get on with what he is doing without distractions from BMR Watch. Any action by BMR Watch will only hinder any progress that he is making. Nothing you can do will assist, that's for sure.
The longer this goes on in suspension, the better I feel about the situation. I know you disagree.
I am not going to argue on this BB with you. It's my opinion, I'm entitled to it and I'm sticking to it, just as you are with yours.
"I am working closely with our streamlined accounting function on the draft financial statements and expect that the final results for the year ended 30 June 2014 will be announced at the end of February/early March.
Following receipt of the Settlement Funds, the Company will proceed to finalise as soon as possible its accounts for the year ended 30 June 2014, which will include further information on the write down of assets. It is anticipated that the suspension imposed on trading of the Company's shares on the AIM Market will be lifted on publication of the accounts. A further announcement in this regard will be made in due course.
RNS 19.02.15 there was no date given,so we could get news end of this month or could be in April 2015.
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