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In fairness Nick, we all had plenty of opportunity a year or so back to de-risk our BMR holdings by buying some JLP shares. Most who bought at that time should now be showing a modest profit, even after the recent fall in JLP shares.
I did and also topped up today
A few shareholders are still protecting him J99. Should’ve gone after the licence debacle. At the time we were told that a co. can not relist if at least one director hasn’t been on the board for 3 years - could never find out if this was true. Had we have acted back then and installed a new director we would’ve been coming up to year 3 in no time. I’m certain a director put in ABs place would not be drawing the money he has, even if we’d have installed the pickled corpse of MA from the EricDraven inspired Kabwe carnival of horrors, I think he’d have been more use.
Why the hell is Borelli still around and drawing a salary? The shameless charlatan should have fallen on his sword or been pushed soon after we lost most of Kabwe.
Would be better imo if everyone (I.e. us small - in grand scheme of things - holders) came on board and push to ~25% proven shareholding. I have chosen not to voice any concerns at the actions of those you mention, but I see no reason why people can't use the Watch as a platform to moan about any autocratic business.
Yep I'm in the Watch. I can't complain really as I haven't contributed beyond proving my shareholding. As a load of small shareholders we are powerless and we have suffered very badly. The asset is valuable and its been gifted to JLP.
New member? Who were you previously?
Rosewall i agree with you. Jubilee saved bmr from going under. Bmr shareholders are kidding themselves on. Was it not the case the govt had revoked there licenses
Really?
Unless BMR shareholders get something decent out of this then you can hardly say JLP have rescued us.
2 years since suspension and we (the BMR shareholders)still don't know where we stand.....
Without JLP there would be no BMR. You were on your knees, in dire straits, when JLP came along.
Nick are you in the watch. I know a few guys in there who are fed up with the autocratic approach by the committee leaders. They nearly liquidated the company by there ill thought actions. Im sure there heart is in a good place but there actions are deranged
bmr watch shutter fly dot com
Regardless of what you think of individual personalities, BMR Watch has been set up to give us a voice as a collective of shareholders. If you haven't done already, please consider signing up. We have a substantial collective holding in BMR exceeding 20% of shares in issue. The Watch also has an essentially private discussion board: https://*******************.com/
Razor is in a new Group. BMR Watch. Its run by Bringmyreward the guy that has been peddling lies to shareholders on here and in the new Group.
Hi is razor about .. He was invested here heavily and seemed to know what is happening.
Hi . I got a good few grand in bmr.
Will we be getting any money back or will the shares be 're instated.
I not sure what going on
Hi Bryn
Anybody in AIM has had a horribilis - I am also in FRR same story, suspended, no news, not much hope.
I think it is incredible that in this day and age of financial regulation that small shareholders have no redress against blatant mismanaged companies.
Have a good election and an even better festive time
JLP exchanged very little cash in order to obtain their 29% of shares in issue. In return they have pretty much complete control of Kabwe. If the co. (BMR) liquidated given that they would then take full control of Kabwe I don’t see how they could view losing their 29% holding as a real relative loss in the grand scheme of the money they could make at Kabwe. They’ve already made clear they are very,very bullish on Kabwe, I’ve not seen the hyperbolic type statements exactly but I’ve heard other suggest once it’s up and running Kabwe could be a co. maker, for JLP. So if all pans out for JLP at Kabwe I just don’t see why they would even slightly concern themselves with their BMR holding being worth nothing. Yes, I’m sure they would like to be able to sell it and make some money back but given what they have going on I don’t think it’s a priority.
Borrelli has put shareholders in this uncertain position by failing to ensure any official legal agreements were in place or strict timescales put in place with JLP before allowing them to take over the project at Kabwe. The SML licence comes up for renewal in October 2020, JLP have the option to acquire 100% EML until August 2020 (we could extend I suppose we probably would as well) Everything is being cut very fine and BMR are no doubt running very low on cash at this point, I’m sure CB is more than aware. Unless the claims against former auditors and similar are still bearing fruit (and keeping Borrelli and co. in suits, slick backs and bouffants) without us being informed cash must be very low.
Depends on when JLP wants to realise their loss on BMR shares. It is bad for us small investors with the view of 0.5p but they own a lot more,29%
They will need any write down this loss or to wait till their other profits more than balance out the loss, or give BMR a good deal on the royalty to keep the share price up
Their share price is the major driver
Just an idea for the delay
For keeping the pressure on AB and the cronies. Would love to assist more but I have a number of battles on my hands presently. All the best for the forthcoming festive season. I think I can add that quote from the queen the other year as this has certainly been an "annus horribilis"
I hope BMR Watch can sort this out . AB do you have no shame, give something back we have family's to support .This was supposed to be an investment and also help out the local community and clean up Kabwa not just line your eval pockets.
https://twitter.com/BmrWatch/status/1203971236801515521
https://twitter.com/BmrWatch/status/1203971570479316992
Having a laugh! It is not JLP's intentions you should worry about, worry about the snake in your own garden.
Ps. Had any cosy telephone chats with your pal lately?
The situation doesn’t look good to me. Whilst we wait for JLP to sort out their end of the deal, we are in a vulnerable position. I have to question whether BMR/JLP are doing this on purpose now.
We need and deserve to find out what’s going on with Kabwe and the Royalty. My concern is that JLP’s intentions are insidious at best.
My last conversation with AB .......We have never been in a better position. REALLY. WTF are you doing, squandering the last remnants of cash from BMR .