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Excellent credentials for yet another rinse and repeat. Where is the transparency, where is the Royalty agreement. Where is our value. I see conflict of interest and appalling choices of partners in crime is the only open and honest part of the tweet. Who is ring fencing the Royalty for BMR shareholders Mr Bird. I'd rather have the Bird in hand and rupture a few organs.
3CB - Can u post the link to new message ?
From Company Check
Raju Samtani holds 3 appointments at 3 active companies, has resigned from 10 companies and held 5 appointments at 5 dissolved companies. Their longest current appointment spans 19 years, 4 months and 21 days at LION MINING FINANCE LIMITED
The combined cash at bank value for all businesses where RAJU holds a current appointment equals £66.8k, a combined total current assets value of £132.3k with a total current liabilities of £144.7k and a total current net worth of £429.9k. Roles associated with Raju Samtani within the recorded businesses include: Company Secretary, Director
Looks like he’s part of tiger recourses fireball another one of Colin birds companies.
Clear as mud.
Looks like whatever happens to BMR, Borrelli is being allowed to walk away scot free. Will he keep his millions of cheap/free shares/options, unlike Alikhani?
He needs to be made to answer for what has gone on. Is there no regulation whatever in the city?
No. Bird mentioning the support from JLP, no mention of the Royalty agreement and the option to buy Enviro Mining , which I believe expires this month. I thought they would bring some sort of closure instead of granting Borrelli and Hillman Gardner parole. Another period of string them along. They should be making these agreements transparent not creating a further conflict of interest. Researchers, who is the new chap and does his CV carry the correct convictions for another fleecing?
WILL ANY INTEGRITY BE SHOWN TO EXISTING SHARE HOLDERS WHAT SO EVER THIS TIME AROUND.
Looks like we are coming back from the dead for another bashing soon
I checked Mr Casson's links and Luther Banda cropped up. He is shown as senior metallurgist at Sable Zinc since May 2020.
His previous role was Metallurgist at Enviro Processing Ltd from June 2016 up until he started at Sable Zinc.
There are two other profiles on LinkedIn which I cannot view - one being a director at EPL and the other a General Manager at EPL.
...what has happened with the wholly owned Zambian subsidiary Enviro Processing Limited? Being a Zambia limited company do they have to submit annual reports etc?
Who are the directors of that company? Geoff Casson is still shown as General Manager of EPL on his LinkedIn profile so I dropped him a message.
Last I can see is from 2017 http://www.daily-mail.co.zm/zema-elates-kabwe-company/
I think we know where your coming from 3C, I suppose it's a question of who first?
I give up. Bloody censors
"****g him off"
Almost tempted to buy one share in GGP just so I can attend next AGM and **** him off
How long do leave it for these two to do the right thing and give us some closure? I just don' t get how Borrelli has been left unchallenged to sort this out and him supposedly working for BMR shareholders - it's got to be time to get rid and I for one want to know what he has being doing and spending!! Another waste of time post just fed up with the unfairness of this. Sorry!
The turd must be well and truly polished by now. The extra prep time is so that Bozzer can have it delicately placed in a presentation case.
Anyone got any thoughts about why it takes 3 days and counting to prepare an RNS/TWEET?
Must be proving hard for directors of all 3 companies to get their story straight I guess.
It would be simple to just give BMR 11% of "everything - it might be even simpler if they just buy us out of the Royalty"
Bring, it would be nice if they would just have the common decency and courtesy to tell us anything, as promised.
But then Slipperelli doesn't do common courtesy does he?
It could get very complex, Fireball. We are supposed to get an initial 5% payment until JLP recovers their costs, once they recover project costs plus interest, it goes up to the full 11%. Like you say, they are currently or are soon to be producing Copper and Cobalt - then we also have Star-Zinc to add to the mix at some point in the future.
How do you go about calculating what BMR are owed when there’s so much in the mix? And that could also complicate JLP’s project capital costs. It would be simple to just give BMR 11% of everything - it might be even simpler if they just buy us out of the Royalty.
We still have no idea of the structure of Kabwe Processing Ltd and the material flow or those products generating the revenues on which the royalty payments are calculated. It does not appear to be the input of product as the JV owned the tailings thanks to the Borrelli deal. On that basis the royalties might be on the processing plant in which case we should be applauding and collecting from all metals produced including copper and cobalt. If only we had sight of the JV agreement which morphed into a royalty. As we have to forego royalties until the capital repayment is made it points to all revenue generated from Kabwe processing which includes the Sable plant as no other has been constructed.
If I had a clue how to I would. I still use skype
It’s almost hard to believe that BMR lost the mining licence supposedly due to inactivity at Kabwe, yet JLP took full control of the project over 2 years ago and still haven’t touched the tailings. Conditions were attached to the licence when we first got it back, they were dropped, now conditions added again on the renewal. I’m hoping this might force JLP to pull their finger out, but I fear most of the damage has already been done.
I can’t help but think JLP have taken full advantage of the situation by going after Copper first to give themselves near-term revenues. By not going straight for the Zinc and Lead, they have deprived BMR of the initial 5% of earnings and has likely kept the value of the Royalty as low as possible. This puts us in a weaker position right before the Royalty is due to be activated (or so we are led to believe).
Sounds like a Panorama expose "Slickers in the City". The South African, the Italian, the Vulture and Pastor Michael of Blue Square. How the man that forgot lead to the man that took us from an A listing to a safety deposit box holding agreements no one has seen.
Here's the Twitter link to the article. Feel free to retweet and tag BMR/JLP in it.
https://twitter.com/ShareSocUK/status/1306247715509227522