London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I totally agree. Unfortunately if you speak to Borrelli he will confirm to you without hesitation that he and the board have done a good job and are yet to put a foot wrong. He can’t understand why shareholders would be concerned and believes we’ve never been in a better position. That’s what we’re up against.
Also upon getting him removed we don’t know what we’d inherit given the delay of the accounts and him and others supposedly foregoing payment for sometime.
We gotta challenge him and get shareholders to form a group to demonstrate our unsatisfiion- the problem all along is that there people running companies are not made accountable for their actions I know I am banging the drum here it's just watching your money/going down the drain and these people do not care he should not be running a company I'd no share holder confidence.
More Borrelli saying one thing then doing another.
100% Kabwe > 60%/40% > 15%/85% > retain 15% royalty for shareholders > ???
??? is anyone’s guess but if AB is anything he is a man looking to destroy any potential return long term shareholders could make. Much easier for him to pass the assets onto someone else then further liquidate shareholders by exchanging our royalty for shares in an exploratory/new co. and let the new co. benefit from investments made by shareholders over the last decade.
Klue, you mean the circular info could be mutton dressed as lamb? Surely not. Lol.
Yet as I type we are still alive and kicking as BMR. A real feat, all things considered. This on the back of a year without a trading platform.
Let's see what the news is then.
Good luck to us all.
3card, as far as I know there are no institutional investors in BMR, certainly nothing large. You've got JLP with 97m shares (29.01%) after that there are only 37 holdings of a million or more shares, and majority of those are individuals (including AB). Private investors own the majority of the company, so to say we don't stand a chance is not strictly true. We only need to outvote JLP, they of course will be in favour of the proposals.
Eric, just to clear things up a little, when BMR Watch last met with the BMR board in March, I was there, and we didn’t just sit there talking about the weather. So you can safely assume I know more than the average shareholder. However, as KlueLoss aptly pointed out, what we get told and what actually transpires is usually two completely different things.
It doesn’t matter what I do or don’t know, or what you do or don’t know. All you need to know is, you can’t stop the proposals that are coming “imminently”. As I said previously, you’ll have the option to vote against if it’s something you don’t like. The only thing to do at this point is wait...
All the best,
Wouldn’t be Borrelli and/or BMR if what has been stated doesn’t come to pass.
9/1/19 on BMR Twitter states ‘demerger of the Royalty into a separate company’ I genuinely won’t be the least bit be surprised if he isn’t going through with this and will no doubt dress up whatever it is he does decide as our ‘only’ alternative.
3card, good post. I agree with that, unfortunately, but the information contained within the circular could determine whether some of us look into matters further.
I would suggest.
Only my view.
Whether or not Bring has access to all sorts of inside info or not, and I believe the latter, I feel that whatever proposals that come before us will have been agreed with the more recent institutional shareholders.
They will undoubtedly vote for whatever is on the circular and the result will be pretty much like your average AGM where "all motions carried".
Our destiny long since ceased to remain in our own hands.
Right. I hope these posts are only your opinion though Bring, not factual, because all shareholders should be privy to the same information, and you are giving the impression here that you are in receipt of more information than most of us.
In my opinion.
allthatguff....... Not one word
Does anybody believe any of this? Astounding. Charade.
Eric, it won't disappear as such, it's just that the plan for it might have changed. Originally it was to be hived down into a separate company, but now it might be moved into the listed company instead.
I guess the new company will be made up of current cash, the Royalty, GLR shares, acquisition asset, and company merger?You'll see all the details in the Circular when released. If shareholders don't like the proposals, they will have the option to vote against. We will know more when full details are released, hopefully not long to wait now.
Klue, good points.
Bring, please tell us more of what you may know about the royalty now potentially disappearing.
Is it just your opinion or not?
If not, it means that he'll have handed JLP a $2 billion asset in return for almost nothing. Not representing the interests of BMR holders. I feel we must keep close tabs on this.
Death by a thousand cuts. Working from the inside against shareholders best interests slowly but surely weakening the investment case for the co. whilst taking his wages and even giving himself an increase for his efforts.
‘He hasn’t taken a wage in months’ is that the worlds smallest violin I hear? Are we somehow meant to be tricked into thinking he is shouldering the same burden as shareholders left in the dark without any knowledge of what else is transpiring, until it’s no doubt, too late. If the royalty goes I can only imagine it will be exchange for another ‘gamble’ for shareholders who have already been completely rinsed. And he plans to step aside having completely wrecked everyone’s investment.
Why should we trust someone with a personal exit strategy with the future of the direction the co. takes? Oh, I forgot AB would always uphold his fiduciary duties as he has throughout the bonfire of the last 4-5 years. Nothing like Alikhani though, apparently.
'Unfortunately'? I would say 'criminally' is more fitting...
We are supposed to be re-listing by the end of the year, I’ve been told it’s still on track. Obviously we’ve suffered long delays for the shareholder Circular, mostly down to JLP and the delay continues…
Unfortunately we had 335,710,864 shares in issue before we were de-listed and on top of that there will be more shares in issue when we eventually re-list. It’s difficult to say what the SP will be upon re-listing, I’d be quite happy if it’s around 2p and can grow from there. Although, aim-sickness might be about right with his guess of 1-1.5p??
As for the Royalty, unfortunately (a word that can be applied a lot with BMR), I fear it will be falling through those slippery fingers…