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Hi Bring
What was his sarcastic comment on Twitter?
oh , he's still a live then ! Does he know what the definition of Imminent is ? well ? '' Its about to Happen '' that does not mean months - years .
Well, we've managed to get Borrelli to dust off his computer, log onto Twitter, and post a sarcastic Tweet for shareholders - he must have been gritting his teeth when he wrote that.
I'd still like a response on the letter I sent to JLP. I'll be chasing up via Email if I don't...
Thanks to all those that took part in sending the letter. Thanks to Merlin etc. who suggested it in the first place, and a special thanks to aim-sickness for taking the time to draft the letter for us.
TBH I'd be more than happy with 10p
"A most welcome & positive update i hope for all shareholders Crossed fingers looking forward to seeing the news asap"
Positive?! Someone on twitter has very low expectations, lol
Just issue an RNS instead of a tweet saying you're going to issue an rns lads... coming up to 10 years since I invested in this pile of poo
Blimey. £1 here we come! HOOOOOOWWWWWWWLLLLLLLLLLLLL
https://twitter.com/bmrgroupplc/status/1293937779689295874?s=21
Any reaction yet to his letters for mails??
Sell the Royalty to the listed Co for shares. Ok, you could do that, and you still get to retain the Royalty in the Co you own shares in... But then the Co can do what they want with the proceeds, potentially using it for exploratory work. Basically the money could be wasted and we still see no value.
On the other hand, if you held the Royalty in a separate Co on its own, we can all benefit from the proceeds, and potentially sell it for a much higher price at some point. All cash would go to BMR shareholders, not towards Director salaries and drilling costs.
You sell it to the listed company for shares in the listed company
If it's as valuable as BMR/JLP make it out to be, then why even sell it. Keep it and return money to shareholders over time.
So you really think JLP will want to pay out on the Royalty for the next 15-20 years? They are likely to want the Royalty gone, which would mean making an offer to BMR. Why do you think BMR have recently registered their office at the same address as JLP's London office? I don't think it's a coincidence that JLP are looking to exit from BMR and the Royalty is due to be triggered shortly, once our licenses and assets transfer to JLP.
Our shareholder value is in the royalty. If the royalty is sold to the listed company we get shares in the listed company. I hope its a fair deal and a company that has real potential
I don't mind having a listing or reversing into another Co. as long as it's a fair deal for BMR shareholders. I'm assuming Borrelli won't be involved in any new venture. In fact, I doubt he'd ever be able to run a listed Co. again given his track record. His career should be over after what he's done to BMR and its shareholders.
Apparently we should all be thanking him for giving away our prize assets in return for the Royalty - how can we thank him when JLP have quite clearly done everything in their power to ensure BMR shareholders see little to no return from the Royalty for the foreseeable future. Don't forget JLP originally said they would fast track the Kabwe project. The only thing that was fast tracked was buying Sable and every Copper dump they can get their hands on in Zambia... Talk about getting robbed by two sets of Companies.
Jubilee have delayed any progress at kabwe to destroy bmr shareholders . Jubilee imo were hoping to bankrupt bmr into handing over the royalty for little to nothing. The royalty imo will be used to smooth over a deal with an already listed aim company. Not with jubilee. This will be the last deal offered now. Failure to vote through this deal will ultimately lose any chance of getting anything back. I look forward to this new offer. I hope it is satisfactory to all but i would doubt it.
Not sure what you mean by that question? If you're referring to shares, I thought Borrelli sold all our JLP shares... We still own 24.6m shares in GLR worth £197k.
How much money do you think bmr have in jubilee and galileo
Just 2 points if I may.
Firstly, what is the reference at the head of the letter?
Secondly out of courtesy anyone sending the letter should add the extra "r" in the name Borrelli.
One might be tempted to ask why anyone should be courteous to him but hey it's only polite
Thanks to all who have put this shareholder communication together - will respond as requested
Cheers aim-sickness, I've responded on BMRW. I think we can get this circulated for the weekend. Hopefully letters and Emails will be going out to BMR/JLP next week...
JLP RNS says they plan to build a new Copper processor in Zambia within 4 months. Somehow they can do this in a short space of time, in the middle of a pandemic – yet they put the Kabwe Zinc project on hold apparently because of the pandemic . Just goes to prove they have dragged their heels on the Kabwe project for good reason. They didn’t want BMR to benefit in any way with the Royalty.
Just to point out JLP have an RNS out about new copper projects in Zambia.
Not a word about the Kabwe tailings. At this rate, there will be no capacity left at Sable to process them anyway.
According to JLP, the Kabwe licence was being renewed end of July. I would have expected an update by now – perhaps they are waiting for the licence and assets to transfer first? The 2 year deadline for acquiring EML is up in a matter of days. Once the licence and assets transfer from BMR to JLP, the 11% Royalty must be put in place.
Zinc is starting to recover strongly back towards $2,500 a tonne. Lead is also recovering nicely and Vanadium is slowly moving back up from lows. Surely JLP have no excuses but to get the project going this year. I can only see metals moving up strongly over the coming years.
Borrelli Tweeted almost 4 months ago saying BMR were looking at certain exploration opportunities with a view to establishing a re-listing. Judging by the silence, can we assume they have failed to find a suitable deal, or are they waiting for the Royalty being put in place so they can do a deal with JLP or another party?
I think it’s time we get this letter finalised and ask all BMR shareholders to send it to Borrelli/Bird/JLP etc. We won’t be forced to accept a poor deal. Shareholders will clear out the Board and take control of the Company if necessary.
Thanks for the kind words, looking forward to joining the fleeced at the eye of the weasel event this summer. We might be able to use a substitution and carry out the Boris “Whack a mole” during the more subdued parts of the event. It should raise spirits and any over exuberance will lead to calorific glee as participants join in with government themes to fight obesity. If has been suggested thar Borrelli loose 7lbs of unsightly flesh, I’ve reminded those attending that he’s been a headless chicken for a number of years and we don’t seem to be able to align his energies with a work ethic involving value creation. It seems that his destructive qualities in the financial sector are akin to those of Fred Dibner in demolition, now it’s there, now it isn’t.
I have deliberately not looked in here for a while as it is too painful a memory .
Sorry for your loss Fireball.
If there is an AGM this year I will try my best to attend as I want to look the weasel directly in the eyes so he has see the contempt I have for the man.
I have written BMR off to be honest - I committed the cardinal sin of investing in the warrants issue etc so my average is a lot higher than some. I could kick myself at times, however, it is only money.
To be honest back in 2010/11 thing looked like a whole lot better with Alikhani - the SP was all over the place and I am sure many made a killing with trading - I and a lot of others on the other hand just did not want to be out of the sure fire winner.
Sadly I recall folk talking of getting all of their familes investing in BMR and some taking out loans as it was such a sure fire winner - I recall the days of Zedd and Razor with his toot toot quotes. Happier times only to be shattered by a couple of shysters.
Hope you are all keeping well - stay safe. Bryn