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Just noticed Borrelli is a director with Greatand Gold and buying shares earlier in the month - happy days!! Honestly it's so galling. Nothing is going to change here as we sit back and wait for him to do something.
You know what, I would be too embarrassed to stay at the helm after several years of such dire performance. Clearly doesn't have much of a conscience
Totally agree with this and the fact he hasn't had decency to update us says it all. This guy is sitting very comfortable with our remaining asset/hope. There is a saying no change then no change - these people only respond to actions by collective shareholders who are not satisfied with the way he is so called representing the company bmr - time to get rid once and for all need a concerted effort and bet he gets his act together 2 years no comes!!!!
still around mate. Just hoping one day to maybe getting something back out of this.
Will this Dog ever come back trading again.
Remember MA the theifing c### milked shareholders out of there hard earned cash.
Remember the imaginary copper plant that was in production in Zambia that was never there.
People lost a lot of money on this dog myself included lost a lot
Is LJC still about he was a sound bloke.
It seems like you can ride roughshod over stakeholders with impunity. Borrreli has no doubt other positions to fall back on. Maybe we should allow others to pass judgement on his behaviour, I, for one wouldn’t like to be linked to this incompetent. Who cares to have an EGM and have Borrelli exercise his idle threat of resignation?
How long can Borrelli keep stum. This is disgraceful behaviour from a so called Chairman of BMR. Do you have no morals , i see you can afford to buy GGP stock .
Hard to believe it’s been 2 years since BMR managed to get their mining licence terminated by the Zambian mining cadastre.
Hard to get used to the co. being ‘in the best position it’s ever been in’ as reality seems to present the situation differently.
Alex Borrelli has kept his job for these last 2 years and we’ve really got to see first-hand what a capable driving force he can be for shareholders - of other companies.
We just need more patience and no doubt Borrelli will come up with the goods, if you forget all the times he has let us down then you’ll find he has yet to let us down.
You could be forgiven for thinking he never left.
Bring back MA...
They also built an explosives factory in Zambia which blew up after a short number of years. They also built the Tazara railway which started sinking shortly after opening.
Perhaps they should ask the Chinese to sort it out , after all they can build a Hospital in EIGHT DAYS ! What a nation of can do's!
How long does it take to construct a Zinc circuit? …Apparently almost 2 years. There could be a difference between “recovery” and “refinery”, but either way it has taken forever...
JLP RNS 2nd July 2018:
“The construction of the zinc recovery circuit of the Kabwe project is progressing.”
JLP RNS 28th January 2020:
“The construction of the zinc refinery circuit has progressed well and is on track to produce the first zinc concentrate during Q2 2020.”
Well said, Bryn. Many of those who tell us to “move on” do not know the full story/history which led us to where we are now.
At the very least, it’s about time BMR/JLP provided us with some clarity on the Royalty. It’s concerning that JLP have said they will only produce 8k tonnes of Zinc annually from the Kabwe tailings. Also, they are not planning to produce Lead until 2021, and are now considering delaying the production of Vanadium. If we are to receive an 11% Royalty, based on metal production from the Kabwe tailings only – that means the Royalty would pay peanuts, and that’s before JLP have recovered their costs with interest.
What if we are being led to believe the Royalty is worth something, when in reality it is not? It seems the BMR board are more concerned about getting a listing, so they can continue to withdraw a salary. Meanwhile, BMR shareholders are left high and dry... Offer us a fair deal or be prepared to deal with the backlash.
Kalan - easy to say - lot harder to do when you are 10's of 000's in the red.
Whilst investing in always fraught with danger - when you have folk like Borrelli pumping out RNS giving massive positivism and stating we are sat on Billions of $ in assets which are easy to recover with an even more impressive Vanadium as a by-product - there has to be a moment when one would like some answers. This is the time for some answers which are true and which would fulfill curiosity the majority on here have. Had you not been the beneficiary of BMR's downfall and been the loser, I am sure you would feel the same. IMO anyway.
Easy to say Kalan when the very man himself told us we have never been in a better position.
BORRELLI......... WHAT ARE YOU DOING THAT YOU NEED TO HIDE. ????????????????
still need some answers here...
where's the full agreement with JLP (are there any safeguards to protect this royalty?)- that basic stuff which shareholders should be entitled to see..
I assume that lack of clarity, dragging things out and a possible resurrection of BMR in some form are just your CEOs way of keeping a salary?
Pity you can't all vote with your feet. Been in this position myself - best bet is to just forget about BMR and move onto pastures new - write it off, shrug the shoulders, deep breath and look forwards, not back.
It looks like that JLP are dragging their feet especially with licence expiring - but intake exception that BMR board are waiting on Jubilee when we know thevbou is Borrelli and he is not in our interests- can't we just get rid of this ******?
Haven't you forgotten C) Shares were tradable? At least I'm guessing they were as I was not around then.
The BMR BoD stance is that they’re waiting for JLP to update the market before they can advise shareholders one way or another.
Would it favour JLP to just drag this out until the licence comes to the end of its 10 year life(October 2020.)?
Rosewall makes a good point. No-one can blame the JLP board for looking out for the interests of their company and shareholders.
What a pity that we in BMR don't have such a board. It's a bit scarey that it's now 5 or 6 years since we almost went under prior to Borrelli taking over and the bright new future this entailed.
Yet 5 or 6 years later, here we are in seemingly the same position, with the only differences being A) A massive dilution of the share base and value and B) At that time we at least had a clue what was going on.
Merlin, there was no company for JLP to steal. Had JLP not got involved, every single BMR shareholder would have lost everything. I dont know how this will end but i am hoping you will get something. Bring, you raise some inportant points such the detail of the royalty deal but it is not JLPs place to answer it, it is for your own BoD to do that.
Thanks for explaining that much appreciated! No justice or honour!
Merlin, no need to apologise. You are well within your rights to complain about our dire situation, and you are only echoing the thoughts of many other shareholders. The door is currently taking a beating, but BMR are more concerned about preparing for a listing which will no doubt see 90% of our value wiped out. Why anyone would support such a proposal is beyond me. Bear in mind most shareholders were probably already down by 50%+ before we were suspended.
I really don’t see how we will recover from those kind of losses with this listing. Is it just a way of diluting shareholders to death so they will move on and forget what happened? Meanwhile, the Directors continue to stay on board and are handsomely rewarded on the back of our loss.