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3CB
"I admit to also being a jlp investor and sleep st night knowing that Leon helps keep colin in check. ".
I have been a JLP investor for a number of years and, without LC being there, I would not even consider being there. I would never invest in shares such as XTR or GLR without someone to restrain CB. CB is a posh Derek Trotter. A great deal maker with lots of contacts but no one in their right minds would ever invest in him.
3card ask why the committee dont come on here to discuss. Ask them why they dont discuss it on the bmrwatch. A small band of people are about to lose all our investments. The committee have been made aware of borrelli resignation and admistration will happen. They are happy to ignore that. Its a scandal and lawyers will be involved
If the bmrwatch committee do not understand that if there is a threat of borrelli resigning that colin bird will not sign off on the deal. Why do they not understand that. Why ask for an egm when coronavirus will be killing people. Why not drop the demand for an egm allow time for the deal to be announced and lets not allow borrelli to resign walk free and pick up aload of bmr assets.
WHAT THE COMMITTEE WANT TO DO IN RESOLUTION 1 IS TO REMOVE BORRELLI. IN RESOLUTION 2 3 AND 4 THEY WANT TO ELECT 3 MEMBERS FROM BMRWATCH ONTO THE BOARD. PMSL NOW LETS SEE IF ANYONE CAN SPOT THE SERIOUS FLAW IN THAT PLAN
3card. I can tell you all about me but we would need a week. I WILL SAY THIS AGAIN TO ALL LONG TERM SHAREHOLDERS. IF THE EGM GOES AHEAD BORRELLI WILL RESIGN BEFORE HAND. HE WILL PLACE BMR INTO ADMINISTRATION AND JUBILEE/BORRELLI WILL BUY THE ASSETS FOR NOTHING. JUBILEE SHARE PRICE WILL RISE AND THE COMMITTEE MEMBERS WILL MAKE MONEY. 3CARD THEY HAVE NO PLAN. THEY ONLY KNOW REVENGE. BIRD WILL NOT ANNOUNCE THE NEW DEAL AS THE COMPANY WILL GO INTO ADMINISTRATION BROUGHT ON BY REVENGEFUL HOTHEADS THAT KNOW NOTHING ABOUT COMPANY LAW
Hi Bring.
Thanks for the update. Whilst I'm sure you're not about to disclose your group's strategy for the meeting, can we assume you have considered all the different scenarios and have plans B dependant on the reaction of the board.
For example, if during an EGM the board resigned en masse, or, whether are you asking for an either or vote regarding Revelo and Mothballing, and where do you go if it's not given.
I'm assuming you are carrying your group with you.
Secondly, I assume from his comments, you know who Fellowship is. Are you at least able to confirm whether he is a completely new poster or a regurgitated one please?
Cheers 3card
Hi All, I’m writing this statement as I believe all shareholders deserve to know what’s happening. The BMR Watch Committee and other associated members of BMR Watch have decided to call an EGM, as per the rules of the Companies Act 2006. See this Tweet for more details: https://twitter.com/BmrWatch/status/1240737410549460999
As previously announced, we requisitioned and subsequently rescinded an EGM request in December 2019. Since then, we have given BMR more time to come up with a deal for shareholders. It’s been 7 months since BMR held their AGM on 23rd August 2019. We were promised news by end of January 2020, we were promised a listing by end of March 2020, and previously we were told by all Directors of BMR it was their plan to hive down the Royalty and sell up after 3 years – none these promises have come to fruition.
BMR have responded to our request by saying a deal has already concluded. This deal would need to be announced by the Company and other parties involved, before we are able to decide the correct course of action from here.
To clear up a few misunderstandings;
1. Several members of BMR Watch recently expressed an interest in supporting an EGM requisition.
2. We consulted with a professional who has a background in law – we are well within our rights to requisition an EGM, and no legal action can be taken against us for doing this.
3. Any personal details posted on LSE by any users will be captured as evidence and reported to LSE for removal.
4. We are not working in collusion with Jubilee Metals to bring down the Company.
5. The Committee are not necessarily against BMR re-listing – as long as the deal is fair to shareholders.
6. We have no evidence that the majority of shareholders would like a listing. However, we do know that a large portion of BMR Watch members would rather hold on to the Royalty for future value, and not have a listing at all.
7. We do not anticipate that Borrelli will be stepping down from the Company, there has been no formal announcement of this.
8. BMR can be voluntarily liquidated at any time, this however would require a shareholder vote, to which the majority would need to support in order for this to happen.
I think you have to stop believing what you have been told for 10 years. Have you learnt anything. Billion pound asset. Where were the chinese. The chinese buy everything in zambia. Did they line up at kabwe. No. If you remember the deal was jubilee receive a percentage of the profits then the license was revoked then jubilee started to screw us over delisted bmr. Yes colin bird the very same guy you are invested in at jubilee. You keep going on about revelo why. Do you know the deal on the table or are u guessing
And there we have it. You effectively admit that Borrelli has screwed us over by virtually giving away our billion pound asset, and yet you are quite happy to bend over and let him screw you again over Revelo.
Why exactly would you place so much trust in him?
Incidentally I believe you seriously undervalue the royalty to us in due course once in full production and costs covered.
I have considered the mothballing idea. In an ideal world yeah mothball sit back let jubilee do all the work . Split the profits and the royalty is worth a few million. That scenario is fantasy land. Will never happen that way. Lets get behind relisting. Let borrelli and bird deliver a deal that is satisfactory to all shareholders and then let borrelli resign and go.
Jubilee will want our 12%. They will not allow us a failing company on the brink to profit from the kabwe process. It simply will not happen. Production will not go ahead this year. We will be run down to nothing. Jubilee will process copper and star zinc. I personally think any proper mining will be littered with problems
Where are you Bring?
Re " Why do you think mothballing would be anymore favourable"
Simply because it is tangible with minimal associated cost, unlike the massively diluting fantasies of these preening directors living the high life at our expense and never actually achieving anything.
I admit to also being a jlp investor and sleep st night knowing that Leon helps keep colin in check. Sadly we would have no such brake on a Revelo, Bird, Borrelli set up.
As i said i dont particularly like the revelo and hope there is another option. On the whole I have helped worked with bmrwatch but i do not agree with removing borrelli at this point. Why do you think mothballing would be anymore favourable
Bring - what's your take on this?
And can you corroborate Fellow's history (in current or other nom de plume)?
If you've been around AIM as long as you claim, then the old idiom of "death and taxes" by Franklin and others will ring very true in your ear. Put together the records of Bird and Borrelli in this sector and it's easy to see that shareholders need very deep pockets to finance their largesse. Revelo will be no different.
No-one on the mothballing side expects to see any return for quite a while as they tuck their share certificates into the bottom drawer.. But that doesn't stop them feeling that this relisting will merely finalise their financial demise.
Borrelli can shut down bmr if he wants to. Nothing we can do about it.
Mothball the royalty is not an option. Jubilee will run us down to nothing in the bank. There will be no zinc production this year. Kiss goodbye to bmrvand the royalty for 10k. Relist and we all get something back.
Others have asked why the need to relist. Why not mothball the company and wait for the royalties to come in eventually?
There was enough money in the coffers to achieve this.
Whether a listed company or not, Borrelli still is obliged to act in the interests of shareholders, rather than give away the one remaining asset he hasn't already fXXXXd up.
Why would you say he owns BMR?
This is for you and every other. NO ONE LIKES BORRELLI. EVERYONE HATES BORRELLI but we need to relist.
Point 1. I was with bmrwatch on the revelo deal. I did not like however I was willing to consider it as relisting is my priority. The royalty will be used imo towards the new relisting. Imo a new fresh deal will be on the table as revelo deal did not go down well.
2. I can tell you borrelli responded to bmrwatch questions. In that he reiterated that the majority of shareholders want to relist. Guess what lots of bmrwatch members are communicating with him.
3. Borrelli owns bmr now technically we have delisted. You constantly harp on about how bad borrelli is . No one doubts that but most of us want to relist. Borreli has made it clear he will step down once we relist
Just a few points arising from your response:
1. What extra would be achieved for shareholders by relisting and going for this madcap Revelo scheme which Colin Bird is involved with as a director? Surely shareholders would lose certain protections viz the royalty and endure massive dilution with absolutely no guarantees of success on the new venture.
2. I find it strange that no-one in BMR Watch outside the committee would wish to see Borrelli punished for the shocking debacle he has visted on us when even an incompetent idiot could have turned this around after that crook Alikhani. The blame lies fair and square with Borrelli and he is fully deserving of being punished.
3. You are suggesting that only Borrelli can save shareholders from losing money whereas in reality, shareholders have already lost huge amounts personally under Borrelli's reign through supporting the company with rights issues based on detailed and optimistic plans and forecasts in RNSs. Whatever they retain in BMR is effectively worthless so not sure how getting rid of Borrelli could make things any worse. How many times have they built the processing plant using our money according to RNSs.
The whole thing is nothing short of a scandal.
4. Are any of the BMR Watch able to corroborate what you say about your dealings with them? Come on Bring let's hear it.
5. " Borreli will go when we relist." Of course he will. His work will then be done.
If the actions of bmrwatch result in all shareholders to lost there money or get a crap deal from colin bird there will be repercussions. Borreli will go when we relist. Pull together and show colin bird we want the best deal. A great opportunity exists now if we use our brains
"terrified to speak up" You really must be more melodramatic in your posting next time Stuee.
Keep your chins up. We'll get through this.
I have been invested in bmr for just as long as you. I have been in numerous groups since. Bmrwatch expelled me from the group for disagreeing with there actions. The committee decide the members do not have a say. Members are terrified to speak up. They are in contact with me asking to be relisted . They in general have no interest in punishing borrelli unlike the committee members. I disagree with the bmrwatch tactics not all but the removal of borrelli is not in the interests of relisting. It will jeopardise our relisting. Jubilee are using the bmrwatch to do there dirty work in that the more they see divide and conquer the longer colin bird will wait to screw us over. I say forget about kicking borrelki out just relist. Sadly the committee want revenge and this will lose shareholders money. They will be in big trouble if that happens