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Berkeley Mineral Resources Share Chat (BMR)



Share Price: 3.75Bid: 3.50Ask: 4.00Change: 0.00 (0.00%)No Movement on Bmr Mining
Spread: 0.50Spread as %: 14.29%Open: 3.625High: 3.875Low: 3.625Yesterday’s Close: 3.75


Share Discussion for Bmr Mining (BMR)


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lutonnews
Posts: 2,779
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RE: BMR AGM RESOLUTIONS
22 Apr '15
The question is do we trust AB to act with our best interests in mind or not ?.
If we do and vote all the proposals through . Will that be the correct course of action for our benefit or not ?.
Imo very many grey areas at the moment to have any idea what the best course of action for us will be .
If AB is batting for us then he should provide us with enough transparency with some detailed reasoning behind his thinking.
An RNS with adequate details of costs and expected revenues over time prior to re listing would help underpin the SP and give us some degree of confidence .
Imo this is essential.
 
REDORDEAD
Posts: 1,784
Premium Chat Member
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Tescos
22 Apr '15
anybody else see the similaraties?
woodpecker760
Posts: 238
Observation
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Price:1.08
bodg
22 Apr '15
Totally agree.
valencia
Posts: 10,940
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bodg
21 Apr '15
My opinion matches yours for now
bodg
Posts: 138
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RE: BMR AGM RESOLUTIONS
21 Apr '15
I am as disappointed as everyone else but we have to tread carefully here. If AB has deemed these resoultions as the most credible way forward and they are not passed then what? Are we sure he has a plan B? Where do we go if he throws the towel in because he can't raise funds to move forward? The writedowns are a bitter disappointment but with zero funds for development did he have a choice? Maybe they can be resurrected if and when we can finance those projects. Just a bit worried that in the heat of our frustration we pull the rug from under ABs feet and he loses the will to continue.....then what?
West
Posts: 287
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BMR AGM RESOLUTIONS
21 Apr '15
The Company is to set out resolutions in the Notice of Annual General Meeting in respect of the

year ended 30 June 2014 to be proposed as follows:

1. Ordinary resolution for the re-appointment of Alex Borrelli;

2. Ordinary resolution for the re-appointment of Jeremy Hawke;

3. Ordinary resolution for receiving and considering the report and accounts for the year

ended 30 June 2014;

4. Ordinary resolution for the appointment of Crowe Clark Whitehill LLP as auditors and to

authorise the Directors to determine their remuneration;

5. Special resolution for the change of name of the Company to BMR Mining PLC;

6. Ordinary resolution for the conversion of the settlement shares into deferred shares;

7. Ordinary resolution for the sub-division of the Ordinary shares of £0.01 into one ordinary

share of £0.001 each and one deferred share of £0.009 each;

8. Ordinary resolution for authorising the Directors to allot relevant securities;

9. Ordinary resolution for considering the action to be taken as the Company’s net assets are

less than half its called-up share capital;

10. Special resolution for the dis-application of pre-emption rights; and

11. Ordinary resolution for a share consolidation on the basis of one new ordinary share for every 10 existing Ordinary shares.
Hairywookie
Posts: 23
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voting
21 Apr '15
Hi folks, daft question probs but where would I vote for/against these resolutions? My broker is computershare so I'm assuming I'll be contacted by them?

As for AB im on the fence for now. It seems he has done a good job in bringing to light MA's discrepancies but now he needs to deliver some firm plans/objectives. I wouldnt be so bothered about consolidation, but I would only want dilution as a last resort. If we have money in the bank and assets (LPT etc) that can be realised why can we not go down the road of a bank loan or joint venture? Is there a reason why these options are not applicable.
mushty
Posts: 476
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AGM resolutions
21 Apr '15
AGM resolutions

I have considered carefully the resolutions that are being proposed for approval by shareholders at the forthcoming Annual General Meeting summarised in the Directors' Report within the report and accounts for 2014. These resolutions are contained in a separate circular (with a proxy card for shareholders to complete, to be despatched shortly), for the meeting to be held at 10.30am on Thursday 28 May 2015 at The Courthouse Hotel, 19-21 Great Marlborough Street, London W1F 7HL, and will also be available on the Company's website.

The Directors strongly recommend that shareholders vote in favour of all the resolutions which include: a change of name of the Company to BMR Mining PLC to reflect a separation from the past; a share re-organisation to reduce the par value of the shares in order that any new equity funds can be raised by the Company in due course as the market price on the commencement of trading when the suspension is lifted is likely to be below the par value; and a limited share consolidation to restore the likely market price to a level above one pence per share.

AB is talking about limited share consolidation, to restore the likely market price to a level above one pence per share.
Say the share price finds a new base of 0.50p so would the consolidation be 5 to 10 to get to level above one pence.
A few people are saying the consolidation,will be 1 to 10 is that if the share price falls to 0.10p or can it be done even say the share price is at 0.50p
Why would the share price fall to 0.10p,we have money in the bank,lead & zinc metal.

Anyone
West
Posts: 287
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BMR
21 Apr '15
NCK & frey

Good simple logic, I agree, we need clear factual information, then we can make our decisions based on facts rather than whispers or fear.
NatCoalKing
Posts: 2,492
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frey
21 Apr '15
That's the sort of thing I'm hoping for. We can plod on with a pilot plant for a couple of years whilst we drum up a few profits or we can raise funds, get a bigger and better plant and process the tailings more quickly unlocking quicker profits. The way I see it, AB won't get much support for consolidation/dilution until Zema confirm that leaching is approved. Once that has been approved though, then let's see what AB can offer and gauge that against short term loss in shareholder value. It's along shot but, if Zema can pull their finger out this time round, approval might even be available before the AGM.





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