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He has just placated shareholders and some have realised later than others that he has duped pretty much every shareholder. Some still support him and accept every ever evolving excuse he has made to drag the co. to this point.
He has worked from within against shareholders interests. We had very little chance, he withheld the info about the licence being in doubt and we were only made aware of it once the gov. dept. revoked the licence. To me, that is withholding financially sensitive information from the market, WHI say they were not fully aware that the licence was under threat - so AB took this upon himself to withhold from the market. Now I think ACI were, are and always were too good to be true but they may have withheld money because they were aware of the forthcoming licence issues.
A +$2billion asset given away for £500,000, some shares sold in the buying co. and giving them an almost controlling stake in the co.
Accord has to RNS releases the process that JH put in place had been independently peer reviewed. Yet an increase 4-5times in acid prices could not be counter acted by the discovery of Vanadium with on ground value that supposedly doubled the value of Kabwe. Hmmm.
Don’t think anyone could survive Alikhani and then Borrelli. Just wish more of us had trusted our gut and got out once the smell of BS had engulfed the nostrils time and time again.
Thks BMR I have been in touch with AB since i went to the AGM 2016. he has always stated to me to be patient and that all would work out fine for shareholders, i have saved all the messages . This is the last message sent to me 26th may 19
Thanks for your support-without my involvement ,i believe all might have been lost. Instead we have the Royalty which i am ring-fencing for shareholders and we have a great deal to present with a new CEO-circular in readiness but we need our JV to complete first.
So that was another lie , another message states we have a valuable Royalty agreement 12/12/18,so why is it now worthless.
All the money that man has wasted to get us to this point. It would seem every RNS was full of lies. I remember stating to him i would like to fly out early 2017 and have a look around site after i said to him the work on site to date amounted to very little progress, Probably 4 weeks work and they were at it over a year, he very hastily said there was no point as i might have problems getting to the site. AB a man with so much to hide and full of SH@T, what have you ever done for share holders except take money , and now Chile , really, that has to be some sort of weird joke .
I don't think we have any corporate legal professionals in BMR Watch, but we do potentially have members that know of some... If these resolutions pass, they will just do what ever they want with the Royalty and any proceeds from it.
Do you have any legal people on the BMR watch. Borrelli needs stopping he is nothing more than a charlatan. How can the Royalty be worth little when we have been cajoled into this position. We must ring fence our Royalty .
I agree with 3card. I have always stated my distrust of Bring and was surprised that he was allowed to hold a position on BMR Watch. Any positive benefits from all of his posts? Can't see any.
3card, here’s the simple answer… When the licence was lost and we got suspended, it became apparent to me that something wasn’t quite right. In the months leading up to suspension, I had spoken to Borrelli on numerous occasions and I posted up what was said to me on here. There was no agenda behind those posts because it was impossible for people to buy or sell at the time, and I didn’t necessarily believe what I was being told, I was merely posting it up for other shareholders to see.
When we were de-listed and Kabwe was signed over to JLP, I knew that it had been planned all along. Thinking back, it was obvious that Borrelli knew we wouldn’t re-list, and it was the plan all along to sign our prized asset over to JLP. Since then I had hoped he would do the right thing by shareholders and ring-fence the Royalty, but once again he is doing what’s best for the Directors, despite telling us that they believe they are looking after shareholders’ interests.
This hasn’t been a sudden turning point for me. I made my opinions known on here after we were de-listed. Since then, I have tried to avoid posting my personal opinions on this board. If you were a member of BMR Watch you would have known a lot more about me and my opinions.
The only resolution I would of voted 'FOR' is for AB to be strapped to the next satellite to be shot in to orbit, but that was not an option unfortunately.
You appear to be having something of a Damascene moment Buddy. Time was you would be pumping us up with the latest offerings direct from Ponzirelli, although you seem to now accept was a total ******* we are dealing with.
I'm not gloating BTW. I'm glad you appear to have accepted the inevitable. Just wondered what the actual turning point was for you. Cheers.
I have also voted against the resolutions as I feel enough is enough
Merlin, you have every right to rant. If we don't now retain the royalty, just what will we shareholders have actually received by way of a return from our $2 billion asset?
All at the hands of Borrelli and Bird, who are representing our interests.
Yeah, of course they fooking are.
Typos galore from me lately. Sorry.
Well said! Like many others I feel we have been robbed of our investment and this cosy relationship clearly is not in our interests. It really sickens me the way this has been orchestrated and playing down the value of the company - there is no justice with some of these companies. Sorry for my rant as its so common with the cesspit of the AIM.
Bring, fair comments. The royalty is worth a percentage of future revenue profits on a $2 billion asset, so although it is only currently a agreement, because JLP is not yet producing at Kabwe, this does not mean that it is worth very little. It's a point worth noting I feel. Should the royalty be sold perhaps back to JLP, a fair price must be considered, based on future profit projections when in production, and not what is presently pre-producton nothingness.
Only my thoughts. Borrelli or Bird cannot justify saying that the royalty is worth very little and should not offer peanuts for it in return. Even though they possibly will. Couple of twats that they are.
All in our interests of course.
Bring - you have summarized nicely. I hope these Questions are directed at the BOD at the AGM !!
I strongly recommend Shareholders to attend , this is virtually everyone's last chance to have Face to Face with BOD.
There are happy taking your hard earned money and flushing if down the Pan . Sad state of affairs for a investment which has been ruined by incompetence of the Highest Order.
It's a bit late for that now. These are the proposals we are faced with and we either accept or we don't. The outcome will be based on shareholder votes. It usually takes 50% of over all votes to pass ordinary resolutions, and 75% for special resolutions.
There was a plan to ring-fence the Royalty but that has been discarded because they want a listing, and without the Royalty going into the listed company we won't be able to re-list. Even though apparently the Royalty is supposed to be worth very little in its current form. It's not been activated yet so technically no Royalty even exists and the lack of details surrounding the Royalty is shocking.
In the event that we don't re-list, there appears to be no plans for ring-fencing the Royalty either. It will likely be sold off cheaply along with our existing assets and shareholders will be lucky to see a penny in return. I'll give you one guess as to who the buyer of the Royalty will be... Basically this is daylight robbery. What a bunch of legalised crooks we are dealing with!
Vote yes as long as Royalties are ring fenced ?
Can we shift royalties in a separate limited organisation:
I still feel that the royalty info should have been emphasized in the circular (that I didn't receive, lol) and not just shoved into the Annual Report.
Anyway, I can't trust Borrelli or Bird, so have voted accordingly. I don't believe they have ever ably represented our interests, and I can only see this continuing. Based on all evidence to date and the awful position we are now in, a position precisely because of the decisions taken by them so far.
My mistake. I see that the royalty is mentioned in the Chairman's Statement on page 10 of the Annual Report. So it isn't being ring-fenced. Sweet Jesus. If we don't relist though, then surely it can at least have a chance of being ring-fenced, instead of this future revenue being swallowed up into the Chilean melting pot.
I'm just about done with this crap now. Lol.
Good luck to us.
I have voted against all proposals except for the one where we see the accounts. I never did receive anything via the post from BMR, but contacted my broker, Interactive Investor, and was able to vote online.
What I picked up on was that the intended split of shares into ordinary and deferred shares is simply due to the "idea" that our ordinary shares are not currently worth their par value of a penny. But why they aren't is not explained at all. I don't find this acceptable. Also, if they aren't, my biggest problem is that the deferred shares and not the proposed new ordinary shares are to be valued at 95/100 of a penny, our proposed new ordinary shares only deemed to represent 5/100 of their former par value status of a penny. A twentieth. Why isn't it the other way round? Notably, the deferred shares can also be dispensed with at the drop of a hat. Taken off the table, without any shareholder intervention. It doesn't sit well with me, any of it, so I'd rather we didn't relist and, of course, be open to then potentially flooding the market with up to 3 billion new ordinary shares at this heavily reduced value per share, in order to raise up to £1.5 million. (Resolution 2 mentions).
Unless I am wrong. And just why is it that the proposed value of a new ordinary share is 1/20 of its former par value?
Crucially though, the royalty has not been mentioned anywhere, and it being so vital for existing shareholders to preserve, Borrelli knowing this too, I feel he has simply neglected to inform us of his intentions in this area, purposefully. To me, and this is only my view, I believe the royalty money will be frittered away from us, used on the new venture and/or other projects.
So I've voted against the proposals, which, I feel, are more shocking than if we don't chase a new venture, issue billions of new shares and spend yet more money, including possibly the future royalty cash.
How much would our holdings really be worth if we relist?
The royalty can be ring-fenced now and we can receive a future return. BMR placed on care and maintenance only. It isn't beyond the realms.
Only my thoughts.
Good luck all.
Tiger Resource Plc announces that it has been notified that Mr Colin Bird, Executive Chairman of the Company, has purchased 1,000,000 shares of 0.1p each in the Company ("Ordinary Shares") on Friday 31 May at a price of 0.34 pence per share.
Following this transaction, Mr Colin Bird holds a beneficial interest in 20,180,750 Ordinary Shares representing 10.68 per cent of the Company's issued share capital.
I did the same yesterday. I decided to vote online rather than at the AGM. The deadline for voting is looming... There's probably only a couple of days left now to vote through your Broker, and Proxy forms must reach Neville Registrars by 1pm, 21st August. How many shareholders will actually bother to vote or turn up to the AGM? Some were making a lot of noise about the whereabouts of the Circular and have now gone very quite.
I couldn't bring myself to support any of the resolutions. We've been forced into a corner by JLP, and they pull all of the strings. Borrelli is like a puppet dancing to their tune. When you own more than 25% of a company, you have a lot of influence and sway over decision making etc.
Ultimately the board will want another listing to enable them to rinse and repeat what they did with BMR. They will also rinse shareholders of their money and long term holders will be wiped out. A company name change is needed so they can sucker new investors in and hope everyone forgets about BMR. Borrelli has the audacity to make threats on Twitter about selling the company if we don't support "their" proposals. It's doubtful we will be put into that situation because these proposals have the backing of JLP and the board, and most shareholders either won't vote or won't even be aware of the impending AGM.
Having not received anything in the post, I logged on to Barclays Smart Investor, started a web chat, told them the Company and date of the meeting and how I wanted to vote, and they are sorting the rest. I would recommend all to do the same with your broker if not attending the meeting to vote.
Because, comeonvog that would be serving the interest of the long suffering shareholders. Truth is JLP want to be able to sell their shares at some point and they need us to be on the market in order to do so. They’re not bothered about what happens to BMR and neither is Colin Bird, he has got what he wanted for both his companies and when the time is right they’ll be able to sell their holding making back some of the £500,000 they initially paid in order to obtain a 29% holding in BMR, the right to acquire EML and the Kabwe Project.
That is the most sensible proposal so far from comeonvog.
I see that we are back to rampers talking about vanadium and potential, while the company is still run by a useless Board who failed to deliver and caused massive dilution. AB will be the only person who does well.
Why can we not just lock in our royalty entitlement for the next two + years , get rid of AB and just freeze everything. Or give the Royalty back to JLP for shares in JLP.