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Am i right in concluding that JLP can now exceed a 30% shareholding in BMR and no longer be forced into a mandatory bid under LSE or Aim rules?
Cyber Gents, I really do think your dialogue has run its course .
A shareholder group consisting of as big a percentage of the BMR share free float seems to be the immediate first step here. It is voluntary and not the kingdom of any individual. Let us move on.
"Let the lawyers handle it."
"Borrelli will be prosecuted, and you will be the main witness"
Are you saying that you or someone you know has already initiated legal proceeding ? and are you talking criminal proceedings (proof beyond reasonable doubt) or civil proceedings (balance of probabilities)? If so then it is in your interest NOT to publicise ti here. Join BMRWatch and speak about it behind closed doors.
Or are you just bluffing in an attempt to instill fear and dissuade shareholders from taking action?
I don't think a Court of either type is going to pay much attention to private informal conversations which took place during a period of suspension when the repeating of those conversation here or elsewhere could have no influence on the share price, nor on the actions or inactions of BMR shareholders.
Statements made by Borrelli in RNSs pre-suspension and during suspension will be much more pertinent and relevant, as will statements made by Leon Coertzer - the latter perhaps more so since JLP have been trading all this time and any inaccuracies, exagerations and untruths on his behalf will be relevant and WILL have directly influenced JLP share price and investor sentiment.
If you are going after Borrelli then expect LC to fall too
You're right, Rofert. Maybe you should take the reins?
Bring: so 'nobody has lost any money here at present'.?
I hope the shareholder group see that you are the last person that should represent them in a discussion with the company.
i am already a member , but for some reason cant log onto the site. I now have 213179 shares.
It all adds up, AdJsahare. We just need everyone else to think along the same lines. Why anyone would want to be stubborn enough to not even sign up to BMR Watch is beyond me.
Edzi, nobody has lost any money here at present. We are still a going concern as a company. I doubt very much JLP would want us to go bust as they hold 29% of BMR, that would mean JLP lose a part of their assets which wouldn't look so good for them.
At this point in time nobody is looking to take legal action, we just want answers and some resolutions, and that's easily achievable via a share holder action group, which is well underway to being set up.
Joined today. I am hopeful that 5% of shares are held by posters here. Also hopeful that as a group, we have less chance of being steamrollered into giving our shares away for a pittance. My 60K odd shares are insignificant alone but as part of a group holding 5% (or that 5% joining any large investor, if there are any) is a group that will need to be involved in any deal brokered.
I would urge people to join BMR watch group and aim for a long term solution where BMR shares annual dividends (no matter how small) on a producing plant could be converted to JLP shares or similar solution.
I have said before that I am so sorry that you all seem to have lost monies in this venture.I have also read everyone's posts. It is a new situation if as someone says that WH Ireland did something that they should not have done, I would also offer a suggestion that you use the word alleged as making comments like this could get you into serious trouble.
I also would advise that in all the RNS notes it says that advisors have been spoken to. I have been in a similar situation some years ago and tried with others to get clarity to be able to consider making a claim. It is very very difficult and at the end of the day nearly impossible to get anywhere unless you have deep pockets and are very patient. At the end of the day it is a lesson learnt, and this is the bad side of dealing in AIM stocks.
I also advise that no one make spurious comments about JM and BMR being a concert party and have colluded in doing this, that again could get you into trouble. Everyone has a right to be very angry but at the end of the day you will find that Companies involved close shop and you don't get anywhere. Proving negligence in this case is almost impossible as I can see no gain for you. I am very sorry that it has come to this for you. I have no shares in BMR but I am holding in JM and am well down as well, that is the game you play in the markets
Also getting to use your votes on crest is not that straightforward
You have to get the nominee to vote and we would have to do it in concert.
I still think AB will keep the company going. Give 60% over time to JLP to fund the build. He will then get investors in who want a long-term dividend possibly sell 10% to 20% for cash (like Red Rock Resources did with Tshipi nickel) and we will get to share 20% of the dividends year on year. How much of that 20% we get is questionable but I think JLP will push to maximum to get cash out of us.
i.m not defending any bod,ime just saying they always tell you what you want to hear.
take bird for example,he you watch his videos from when glr's concordia was on the go,you would think it was the next solg,but six months later the drills uncovered very little and the project was abandoned and all bods say "we are fully funded" in the blogs,then they dish out more dillution,months later.
that's why you ALWAYS sell on or before news,on oil and mining explo's......dillution always follows,unless they have a huge cash pile(which is rare.
hence why you never see big institution,investing in comps that just do exploration,unless theyre trading it.
anyway,yes,they pay themselves to much,or most of them do....but ime sure he tried his best whether you think he's a cowboy or not.
red rock res,that was a shocker from 2010,he gave out promises of big things for years,only to dillute the sp down 95% 3 times a year and there was always a few that believed his emails.
when it comes to dillution,bird and lenigas arnt far behing andrew bell.
.
best stick to production or pre production comps,at least they have income or expectations of income.(even those can lose you money,if you invest at the wrong time of the cycles)
Hi Troajan my friendly trader, well said.
I have always questioned these phone calls to Borrelli since I resumed posting on here a couple of months ago. Yet I don't bear Bring any grudge. For one thing we have been suspended for 6 months, so no one could act on anything that Bring said Borrelli said anyway! That is why I thought the phone calls were pointless. We are all grown up here and responsible for our own thoughts and reactions.
3card , I hope you change your mind and join BMRWatch. a new user name and anonymity. What have you to got to lose?
For everyone's information you can access the BMRWatch site on your moile phone by downloading the Shutterfly 'share sites' app available on IOS and Android. If you are registered, just log into the app and it should take you directly to BMRW The Android app is pretty rubbish. I believe the IOS one is better. But unless we move to a new web host it is all that is available.
You strike me as being fairly pragmatic but on Borrelli you’re totally wrong. He told shareholders right at the beginning that to have someone at the helm of his calibre he should be paid 4 times as much as the salary he has awarded himself. A man with his ego and experience doesn’t just make the kinds of mistakes he has.
dont worry about it m8,ive been in aimers since 2010 and they all tell you what you want to hear.
they have to,if they all told the truth,then half of aim would be gone in a jiffy.
i dont think bozzer was a cowboy,he just took over a cash starved comp with too much history and so his job,was more or less an impossible task....but ime sure he gave his best shot
There was never any 'attention seeking' about it. I thought I was doing shareholders a favour by sharing the information. Evidently I have pi55ed a few people off on here, perhaps I gave some hope and they all feel it's now been dashed.
The truth is, the company has slowly been going downhill for the past couple of years, and it's the guys at the top who are responsible, not me. We should have done something about it sooner but here we are. Sometimes it takes losing something for people to wise up and take action. If we all just sit on our hands we could lose everything. Don't waste your ammunition on me, put it to good use and try to make a difference here.
Oh Rofert, You're another one that recently called my phone calls "fictitious". Either I make them up or they are real, make your mind up?
I think I proved my point yesterday when I said I was no longer going to post information on here that I obtain from AB. I have joined BMR Watch and I'm happy to let them do all the talking with AB. If I'm needed I will also join the BMR Watch committee, but any communications through the Watch with AB will only be published on the BMRW website, and accessed only by members.
Are you a shareholder, or are you just here to make a nuisance of yourself?
Bring - how are you going to convince people that you are not just an attention seeking company stooge?
Abertawe, the report wasn't written by me, it was by a guy called Nigel Somerville of Share Prophets.
He got it wrong about BMR suspension. He states that we went into suspension as a result of WHI resigning, but in fact we have been suspended since 7th Feb. He's obviously not done a very thorough job when it comes to his research on BMR. Looks like he's mostly used information that's been given to him, perhaps by an angry shareholder.
Abertawe, I would suggest that we continue posting on here for a while but only to encourage other shareholders to register on the BMRWatch site. Any discussions about our strategy as a group going forward should be kept on the BMRWatch site where only genuine shareholders can view it.
Maybe WHI chickened out of the scam before it all came to the surface again, and word got out and no one else would take the position, JLP obviously see some value in the tailings or do they, maybe it is still a scam and the only way to avoid an African jail is to carry on. Build a shed, call it a plant, have a fire, go bust, walk away with shareholders money, and all is rosy. As for vanadium, that's just made up as the copper assets were found to be bull****. More vanadium in my back garden. Brolly should be arrested for fraud, most of the evidence is in all the RNSs on this sight, piece of ****.
Exactly Bring......Borrelli should have sacked them and taken legal action against them.
Congrats on your investigations and report. An eye opening revelation. Talk about a can of worms. Legally how do they all stand?. Have we got a case?
Assuming AB reads all the comments on this board he must be concerned especially when we get the 5%+ (which it appears we are not that far short now). Once obtained the 'committee' will be able to demand an interview to obtain answers for the share holders.
Those who have yet to register PLEASE do so now so we can strike whilst the iron is hot.
If memory serves me right many years ago we asked share owners to list their questions/conerns to be put to MA when he was in charge. Have we still got that list for I suspect many of those concerns could be relevant now.?
Do we need to keep looking on BMR watch for updates rather than on this BB?
Keep up the good work and thanks
It's just a shame that WHI left before we resumed trading on AIM. Unless it was all part of the plan. Why did we keep a Nomad that signed off on imaginary Copper assets in the first place? That really came back to bite us in the ass, didn't it?!
Looks like Borrelli's bull**** litigation tale didn't include one of the main culprits.