The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thats what ive said. Its about going forward and you dont go for the puppet do you. Go for jubilee and bird and you might get somewhere. Borrelli has given bird full powers to our future they are majority shareholder. Borrelli as when the license was revoked is idolly waiting on bird
Fellow. Can't disagree with you about Bird's influence but Borrelli as chairman and CEO was equally culpable in my opinion.
He's hardly a shrinking violet is he?
Bmr Alex borrelli and Jeremy hawke are guilty of intentionally destroying shareholder value resulting in delisting. They both did not carryout the duties required as Directors of a company in Zambia. They gave up at best at worst they both were playing for a different team. However bmrwatch have done a lousy job for there members. They have never understood what was actually going on in zambia during the revoke of the license or prior to the revoke. The whole affsir is a disgrace . Again bmrwatch turn to Alex b in some kind of war drum beating. When will you get it. Colin bird is in charge not borrelli. If you dont understand that pack up and go home. One question i have which was fundamental is why did we back out of the sable deal so quickly. None of you realise the importance of that decision. Colin bird is running bmr into the ground and the bmrwatch sit back and moan about borrelli. What a waste of a Group
Same Eric, I spoke to AIM and didn’t get any info, then decided to talk to WHI. They were fairly tight lipped, but they told me one of the reasons they resigned as NOMAD was due to lack of comms from BMR to them. I think they were alluding to the licence being revoked, and the fact that BMR did not make it public knowledge that they had received a warning letter over the licence potentially being revoked.
Regarding a GM, if one is called, he has two choices; EITHER he turns up and faces the music OR he resigns. I don’t think he will resign, let’s put it that way.
Bring, I just feel we are fooked. I tried to get info from AIM re the circumstances around the delisting, but because I was only a shareholder (even though I could also prove that) and not the BMR CEO, the AIM officials would not allow me any information, as it's not their policy to do so. Even though we may have legitimate concerns as shareholders. It's a closed shop. It doesn't matter that we own the company.
Borrelli has got away with putting in the worst shift in the history of shifts. What I'd like to know is, because JLP has done little to nothing with Kabwe since it took over the operation from us, why doesn't the mining cadastre revoke the licence again?
I smell fish at every turn.
Good luck with your investigation and questions to Bozzer. He won't want to turn up at any GM. Certainly not a BMR one.
Only my view.
Cheers Bring.
Oh yes, he’s gaining alright. The Directors are still paying themselves handsomely. Apparently they are looking to do a deal for shareholders and get a premium listing. I’d like to see some evidence of this or Borrelli should be walking, considering he’s the one to blame for all of this.
We’re now approaching 2 years since we were de-listed from AIM. In that time he’s managed to come up with one very disappointing proposal, and that disappointment was voiced at the AGM by shareholders. They have made so many promises and failed to deliver time and time again. The biggest Joke of all was Colin Bird telling us he would come up with a proposal to pay us dividends from the Royalty.
I’m wondering if BMR are just being kept solvent until the mining licences are transferred from BMR to JLP, at which point they will look to liquidate the Company (job done). Directors will get their salaries of course, and there will be nothing left for shareholders. Either that or JLP have deceived BMR over the Royalty deal – these are my suspicions.
It seems JLP have gone completely against the plans for Kabwe. They told their shareholders that Kabwe would be producing Zinc by mid-2020 – they have conveniently used Covid-19 as an excuse for delays. If they were actually on target to bring the project online, they would already have all the equipment onsite, and they would have begun commissioning of the plant. How do these Directors get away with telling shareholders one thing and doing the opposite?
Can you believe BMR have also used the Covid-19 excuse? I’m pretty certain all their meetings happen remotely anyway, so there should be no excuses for deals not being discussed and worked on. As you also know, we have tried to requisition a GM with BMR and it was shrugged off by them. They are evading accountability, but it will catch up with them if they don’t do right by shareholders.