The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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. 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.
That was me just being careful. Lol.
I can't stand that little rat - sorry not holding back he's done nothing for shareholders and I hope he trips up. Conflict of nterest with Bird etc and would love a forensic examination of what's gone on here.
"and perhaps a little naughty. In my view."
Always the master of understatement Eric, lol
Yes, if he gives our assets away for nothing he is not representing our interests is he? Dereliction of duty. I would say he's flying pretty close to the wind as it is, with the Blue Square payment and the lack of disclosure to shareholders prior, that our mining licence was in danger of being revoked.
He's been bad, very bad indeed for us, and perhaps a little naughty.
In my view.
I think the ‘mid-Sept’ should be taken loosely – we could be looking at an update by Friday, we’ll see…
I’m thinking we are in for a major shafting. Borrelli will backtrack and say the Royalty isn’t worth as much as originally thought. In reality, it doesn’t even exist and may never exist. It was probably mentioned just to keep us thinking we got a good deal for gifting Kabwe to JLP. I doubt JLP ever had any intentions of paying out on it. Borrelli will try and sell it or give it away cheaply, just as he did with our Zambian assets.
The above scenario would cause many problems for Borrelli. Not only does he risk losing his BMR board position, he risks facing legal and regulatory investigations. I hope he’s covered his back, because there will be a huge target on it if he shafts us at this stage.
ALGU, there isn't an update yet. Not unless Borrelli has posted it in the wrong place.
Howl.
The dick. Lol.
Yes 3card. He said an update by mid-September, so he should have mentioned something before now, even if there's a delay.
He is business useless. Lol.
Let's face it, he doesn't need us anymore. He'll be too busy counting the millions he is making on his ggp share options.
Aye, no year mentioned. I bet Bozzer's a-hole is pure custard right now, after JLP drafted in the new warlock to try and give us the super-shaft.
Good timing to bring in a new guy with seemingly fine deal-making credentials, while Bozzer flounders about supposedly on our behalf.
Bozzer is shark chum.
Bring/Eric. There may possibly be a valid reason for the delay in updating, but the fact that Borrelli couldn't even be arsed to post a one line tweet explaining that, shows what utter contempt he has for the long suffering bmr shareholders.
If there's an update could someone post the link pls? Can't see anything on the website...
Borrelli's understanding of the word 'imminent' is anywhere between 2-3 years. When he said "mid-Sept" he probably wasn't referring to Sept this year.
His version of mid-September is obviously the same as his version of 'imminent'. Meaning in reality actually neither mid-September nor imminent.
A class act.
Nice one Alex
Good to know you've still got our backs!!!
Fireball - ironic that if Borrelli hadn't de-listed us he would now be in breach of his own update promise.
Well no further excuses from Bird and Borrelli. The license in place and a seasoned M&A guy. The royalty agreement should be bought out and we can leave with a few pence per share. I'd be looking at a one for one with Jubilee as a minimum and that would be a result for JLP. We should hear something very soon.
Your setting yourself up for disappointment
I see the BMR Twitter account has a mere 275 followers. Somewhat less than members of BMRWATCH. Says it all really.
I see the BMR Twitter account has a more 275 followers. Somewhat less than members ofBMRWATCH
Let's see how much Borrelli wants to protect his "reputation"... If he doesn't deliver £15-£20m of value for BMR shareholders - he has failed miserably.
I'm only going on what I was told by Borrelli last year when I was sat opposite him and the other bunch of incompetents at BMR.
Thought I read it on an old holdings RNS. Must have misread it.
Must admit I was startled at that number bearing in mind it was only 100+ millions post consolidation. In that case, 5p here we come lol
I’m not sure where you get that figure from 3CB? BMR has 335,710,864 shares in issue – so at 5p we are valued at £16.7m. From what BMR Watch have been told, the Royalty is worth more than double that.
Whilst 5p or 7p would be great and I could almost wipe my face at 7p, we have to be realistic.
Last time I checked we had 1.3billion shares in issue. That would equate to a t/o at either £65m or £91m. Can't somehow see JLP swallowing that though
Could we now possibly get this IMMINENT statement ? , i would settle for JLP buying out the Royalty at a fair price, if 5-7p offers come in , i would accept and move on , however can't see this valuation being that high ?