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Cheers Vig. Good post. Time will tell what occurs, but I don't feel that JLP could make a worse job of things than BMR has. The Board member from JLP still leaves a lot to be desired though, in my opinion. I've had a bit of previous with the Birdmeister. Lol. We need someone with shareholders' interests at heart to keep an eye on everyone!
Hi Bring At this juncture i do not have strong views on a potential takeover or how it would be finance. My original post was simply to clarify the use to which JLP finance fa ility could be used.
Hi Vig. Yes, it would be good if there were significant changes, naturally for the better, and particularly in terms of a short timescale for ramp-up from the 5tph processing rate. Also, a change of personnel at BMR is badly needed, in my view. I don't wish for JLP to swallow up BMR though, because it appears to be a company which deals with the acquisition of the distressed, lol, and obviously it doesn't do that by paying through the nose for its asset grabs. My concern remains for the BMR shareholders, with any takeover, in view of the Borrelli factor in light of the unbelievable ease at which he's given away so much already, in return for the yet unproven. On we go, let's see what unfolds, but it would be a surprising and pleasant change for something to go right for us. Let's face it, the alternative to it not doing so would be disaster. Possibly the end. In my eyes, JLP remains enigmatic, until it implements and delivers on its plans for Kabwe. I won't accept hype from Leon or Colin, the evidence of action or otherwise must and will speak for itself. Good luck to you Vig, and to us all.
When it comes to takeovers you have to think realistically. Let's say JLP made an all share offer, firstly BMR holders would need to approve it, that would likely result in an EGM being held. The same would apply to JLP holders, for example if JLP were to offer 2 shares for every one BMR share, that would require JLP to issue circa 500m new shares which would dilute JLP holders, would they want that? Would BMR holders want to accept such a deal? I wouldn't. My thoughts are that an offer would have been made by now if that was their intention. From what we have been told things are going ahead according to the plan. Also when you consider that we have 3 private investors willing to stump up, up-to �2.6m between them, add on the �2m worth of JLP shares we hold, and we will be able to raise debt financing once we start producing, it begs the question why would we need JLP to make us an offer when we can finance ourselves? I'm happy to keep BMR as we are and reap the rewards when we enter production...
I am not as clued up as other people on here but there seem to be a number of possible permutations. BMR are facing significant dilution with new investors paying 3p for the new shares and 7p for warrants in six months time, wouldn't it be better to cut out these new investors and either offer BMR SH cash, a mix of cash and shares, or a merger (in which case I'd prefer the shares in JLP to be consolidated) Perhaps AB would like to be shut off BMR but at a price and is saying to LC, we can fund our share of the project, but make us an offer. On one of LCs presentations he alluded to increasing his share in BMR perhaps this is what he has in mind. Considering the potential of Kabwe LC could easily fund a takeover, with a quick pay back time, plus impress and increase his influence with the Zambian government.
But in Scotland our MUP laws ensure temperance to an unholy degree.If Jesus came to Scotland tomorrow and turned the water into wine it would have to be non alcoholic or he would be banged up again
Possibly why JLP only took up 29% of BMR shares then, not opting for more, as in, a greater percentage would have then triggered a takeover process. If I'm correct. If funding isn't meant for takeovers, only projects, then it could be why JLP stuck with the magic 29. Lol. Both companies need this to come good now though, JLP appearing to have jumped in with both feet. Perfect! Cheers Rosie.
Thanks for that info. I was suggesting the TO would be shares in JLP but yes, you are right, my attentiveness of the details here have been somewhat lapse. Mainly overshadowed by the necessity to track down cheaper and cheaper sources of alcohol.
Just to clarify. JLP does have access to finance. It's use is restricted to project finance. It's use does not cover company takeovers. This has been stated on a number of occassions in RNS, interview and email. If a takeover were to happen (unlikely) then that funding would have to come from another source
Is this time delay really about JLP negotiating with BMR to take over the entire company? It makes sense. BMR holders (my average +/- 20p) will be offered JLP shares @, I hv no idea, about 3p. A potentially very profitable enterprise is then owned by one entity that has financial resources to do the job. JLP then tells Z Govt they will up the size of the plant, also extract Vanadium and the Z get a bigger revenue and JLPget a tax break for the first 5 years etc. I think after 5 years or so of having a significant percentage of my portfolio in this company I can admit that this company is incapable of getting into production and the Enterprise needs to be taken over by somebody who can. From where I sit at the moment I would bite the hand of anybody who offered me my mountain of lichen covered BMR shares with jLP shares at 3 p
it can be summed up with any one of these words UNCERTANTY - ADMINISTRATION - SUSPENSION
Lol. Good old Alice. Nursing home sounds mint.
Eric - I think the way things are going with BMR, by the time the share is reinstated I will be past the rest home scenario - full scale nursing home for me. This post reminded me of an old Alice Cooper Album - From The Inside and I was going to post a link to Nurse Rozetta in keeping with the nursing home theme (Though in reality it was From the Inside of a Lunatic Asylum) and then I remembered a song which reflects my investing history https://www.youtube.com/watch?v=VXB_5AspI1Q
Sounds like we are all ready for the BMR Rest Home.
Absolutely agree with you and Aim about simplywall st. Load of cut and paste crap that is a one fits all load of ******. It's like reading posts by Banjomick on VOG board.
Just an interest read https://simplywall.st/stocks/gb/materials/aim-bmr/bmr-group-shares/news/what-you-must-know-about-bmr-group-plcs-lonbmr-major-investors/
I'm just thinking small at the mo. Maybe a smashin' tin of Baxter's soup.
If I get my target price I might be able to buy a gold plated sextant by Xmas haha.
While out in public, I always venture forth wearing only a coconut half over my old plums and shaft. A few stares from strangers perhaps, but nobody dares ask any questions, and I find that because of that, I'm able to carry on walking unchallenged down the street, without having a care in the world. Whether I've invested in BMR or not, people only remember the coconut half, and there is no shame in that. Good luck with your own strategy.
I'm not sure using a sextant is appropriate in this case though Bring. :-)
.....and that leaves me just trying to work out whether I will ever to be able to pull my pants up. Never mind what price readmission will be. I will be happy to be able to walk down the street without hiding my shame having told folk I was onto a winner.
Lol, well I'm working it out by using a target price, then I know roughly how many I'll get.
Pmsl. You can't possibly work out how many shares you'll buy, because you don't yet know what the readmission price will be, or then in which direction the sp will travel. But you carry on pal. Lol.
Needs to be before 7 August or the listing gets cancelled. The only risk to that is if JLP are unable to renegotiate the timetable. I expect that the suspension will be lifted during June. A positive update from JLP will probably be the earliest indicator that it is on the way.
JLP have to complete a construction plan, "decide" if they are going to go ahead with it, and present it to BMR by no later than 14th June. Once that's done the share subscription can take place and then we apply to reinstate trading on AIM. I reckon we might get news by the 8th and then lift suspension by the 14th June. Even if it goes to the wire we're probably only talking just over 3 weeks until we resume trading. Whilst the clock ticks I'm working out how many shares I can buy on readmission...