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“To be able to Re-list it is my understanding the royalties cannot be ‘ring fenced ‘ otherwise we have NO ongoing business or ability to meet re-listing criteria .”
BMR tweet 09.01.2019
“We are working on a circular with proposals subject to shareholder approval for the acquisition of a further licence and the demerger of the royalty agreement into a separate company to be owned pro rata by shareholders to protect value“
Even the face of contradiction you won’t even ask why the co. not only tweeted the above on 09.01.2019 but spoke with shareholders stating that the Royalty was to be ring fenced.
I accept that we hadn’t nothing else to offer in order to obtain a listing. Borrelli has dragged us to this point, to claim it’s all been bad luck and Borrelli has guided the crashing plane is just naivety in the extreme.
Why don't you explain the definition of a "T Trade" so the inexperienced traders know what you're talking about?
What kind of re-listing price do expect? 0.5p is my best guess. The only thing you face in the future is huge losses.
My post was removed. Surprisingly. I’m on a last warning so might get suspended after this, anyway.
TBTT - It would explain a lot, but I’ve met them at an AGM and can confirm it’s not AB. Just a massive difference in opinion into how shareholders interests would be best served. I only have Borrelli’s performance of the last c. 5 years to go off and it leaves me somewhat doubtful that this man can be trusted with deploying anymore co. capital.
T traders must be very worried indeed depending on their open positions but as I do not t trade and only own shares that’s up to them
Jlp have NOT triggered acquiring the 100% share option of EML !
please see ref updated shareholders agreement
If Share option is NOT triggered our entitlement for fixed % of potential royalty stream is not therefore triggered .
Please look at the term sheet ref exact facts on potential royalty stream .
You cannot gain in the future if it is not there. Simple it’s not rocket science
Yes vote to gain a future common sense with fact
No to a necessary sale and all that goes with it
So again a YES is the only option
nubie, what happens if the resolutions are not passed, and what little we have left is cleared out by the bandits in charge?
What do you plan on doing with your huge losses?
Absolutely staggering massive T Trade.
Why else would I be against potentially flooding the co. with up to 3 billion shares and allowing whatever little money comes through via the Royalty being pumped into a co. that has already spent $25.5m who’ve achieved a current Market Cap. of $2.5m.
Why wouldn’t I trust Borrelli at this point?
Can only be T Trades.
In the wording it clearly states Working on quite explanatory
What may have been hopeful to be achieved with other circumstances and platforms criteria can change
It’s called business
Well today we find out if we have an ongoing long term future with a positive potential enabling any existing shareholders to have the ability for themselves to decide if they choose to sell their investment on re-listing, buy or hold.
It is my understanding that the Potentials are there but as with all company they need to be able to meet their ongoing and existing liabilities and requirements .
To be able to Re-list it is my understanding the royalties cannot be ‘ring fenced ‘ otherwise we have NO ongoing business or ability to meet re-listing criteria .
JLP support is vital for any acquisition due its shareholding
So any one suggesting not supporting our board IS supporting a necessary sale and I believe an inevitable winding up of the company as we would have no business no assets no cashflow
A Necessary Sale
Very important
PRICE achievable would be what some one is willing to pay AS IS , OR for CLARITY As IT STANDS AT THE MOMENT !
I hope some individuals who are demanding a no vote can FULLY understand the above or as I believe, they are in total denial in thinking full potential value of asset will be achieved with a necessary sale ?
Amazingly some individuals were screaming for a re-listing , and are NOW demanding how it is done so they wish also set the rules of the platforms & funding also .
We have a future
We have no risk in Zambia
We have potentials
We can RE-LIST
VOTE YES
Come-on please give us a Klue where you stand on re-listing and your ongoing positions
I would not lol too loudly, bit too close to home... your moment of light was very recent.
Imagine shamelessly shilling for Borrelli ?
Well today we find out if we have an ongoing long term future with a positive potential enabling any existing shareholders to have the ability for themselves to decide if they choose to sell their investment on re-listing, buy or hold.
It is my understanding that the Potentials are there but as with all company they need to be able to meet their ongoing and existing liabilities and requirements .
To be able to Re-list it is my understanding the royalties cannot be ‘ring fenced ‘ otherwise we have NO ongoing business or ability to meet re-listing criteria .
JLP support is vital for any acquisition due its shareholding
So any one suggesting not supporting our board IS supporting a necessary sale and I believe an inevitable winding up of the company as we would have no business no assets no cashflow
A Necessary Sale
Very important
PRICE achievable would be what some one is willing to pay AS IS , OR for CLARITY As IT STANDS AT THE MOMENT !
I hope some individuals who are demanding a no vote can FULLY understand the above or as I believe, they are in total denial in thinking full potential value of asset will be achieved with a necessary sale ?
Amazingly some individuals were screaming for a re-listing , and are NOW demanding how it is done so they wish also set the rules of the platforms & funding also .
We have a future
We have no risk in Zambia
We have potentials
We can RE-LIST
VOTE YES
We have a future
We have no risk in Zambia
We have potentials
We can RE-LIST
VOTE YES
Hear! Hear! Bring with you all of the way. How does AB get away with it? Thinking back how was he ever made CEO....he seemed to just appear after Masoud. Looking at JLP their progress or lack of it all sounds familiar! Waiting for you to publishes the minutes and results of AGM.
I've got my crystal ball out and I reckon most resolutions will pass. I'm hoping Bird is voted off the board, we need to keep that guy at arms length of the company if we want to stand a chance of survival.
If the company goes belly up or we don't receive the 11% Royalty, I'm considering taking legal action to recover my investment. If legal action is required, I hope other shareholders will make a joint claim with me.
Hi All!
Can I ask if anybody who is going to the AGM on Friday is willing to report the results here afterwards? A quick summary would be much appreciated.
Personally, I think Borelli deserves to be basted in hair oil and slow roasted on a spit over an open fire for what he's done - and I'm not even a BMR shareholder!
Never forget
BMR Tweet 09.01.2019
“We are working on a circular with proposals subject to shareholder approval for the acquisition of a further licence and the demerger of the royalty agreement into a separate company to be owned pro rata by shareholders to protect value“
Followed by months of carrot dangling over a imminent circular that failed to materialise for months on end. JLP shareholding liquidised. ACI money still not reimbursed. No actual material updates of any kind then......
We need to head to Chile because Colin Bird fancies completely decimating shareholders. Not happy with acquiring Kabwe for next to nothing he wants to see shareholders dead and buried entirely and Borrelli wants to provide the hearse.
A lot of people holding t-trades it would seem. That or massive shorts.
Couldn’t possibly be any other reason for voting against the resolutions.
Take AB to court for gross misconduct.
I have also voted against. Why can we not ring fence our Royalty, why do we have to risk everything on some hair brained venture in Chile.
Necessary Sale of assets
It is my understanding that the Price achieved if a necessary sale as stated becomes required, it would be what or if anyone would be prepared to pay not what it’s potential value is ! In the world of financial uncertainty no timeline and value unknown this will I believe negatively impact price achievable .
WINDING UP
Winding up / cessation of business
If resolutions are not voted for positively and ALL passed as we have no cash flow and ongoing liabilities.
The company Will CEASE & WIND-UP thus having to
Liquidate ANY and ALL of our assets.
Please note
Creditors & preferred shareholders would receive claim to liquidated assets FIRST!
Ordinary shareholders like myself will only recover payments for defunct shares IF any funds remain ( unlikely or very very little IMO )
Absolutely vote yes as we have a FUTURE ! Imo the only option !
Remember some may have other reasons eg T Trades outstanding pos , to gain from the company not relisting but it is not in the interests of the company or its shareholders. Re- listing gives all the opportunity to Sell BuY hold but compared to winding up it’s a no brainer but obviously for some of our ‘individuals ‘ who would rather see winding up and potentially next to nothing gained from their investment it’s unbelievable stupidity.
We have A Future
i've also voted against..
Thanks for the advice Alex.
Hope you have a Good day on Friday.
Regards to Colin.
It is my understanding and i sincerely hope all shareholders will read & support the company & PASS ALL resolutions to enable the company to re-list and have a Future.
Otherwise the company WILL CEASE to exist its that simple !
Assets at present
We only have shares under lock-in conditions , no cash flow , funding and a potential larger ro Royalty if Jlp triggers EML acquisition as per term sheet
royalty with a timeline unknown as is the value there by as stated a necessary sale at what price which cannot be guaranteed and will not be at its potential or full value.