The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My mistake. I see that the royalty is mentioned in the Chairman's Statement on page 10 of the Annual Report. So it isn't being ring-fenced. Sweet Jesus. If we don't relist though, then surely it can at least have a chance of being ring-fenced, instead of this future revenue being swallowed up into the Chilean melting pot.
I'm just about done with this crap now. Lol.
Good luck to us.
I have voted against all proposals except for the one where we see the accounts. I never did receive anything via the post from BMR, but contacted my broker, Interactive Investor, and was able to vote online.
What I picked up on was that the intended split of shares into ordinary and deferred shares is simply due to the "idea" that our ordinary shares are not currently worth their par value of a penny. But why they aren't is not explained at all. I don't find this acceptable. Also, if they aren't, my biggest problem is that the deferred shares and not the proposed new ordinary shares are to be valued at 95/100 of a penny, our proposed new ordinary shares only deemed to represent 5/100 of their former par value status of a penny. A twentieth. Why isn't it the other way round? Notably, the deferred shares can also be dispensed with at the drop of a hat. Taken off the table, without any shareholder intervention. It doesn't sit well with me, any of it, so I'd rather we didn't relist and, of course, be open to then potentially flooding the market with up to 3 billion new ordinary shares at this heavily reduced value per share, in order to raise up to £1.5 million. (Resolution 2 mentions).
Unless I am wrong. And just why is it that the proposed value of a new ordinary share is 1/20 of its former par value?
Crucially though, the royalty has not been mentioned anywhere, and it being so vital for existing shareholders to preserve, Borrelli knowing this too, I feel he has simply neglected to inform us of his intentions in this area, purposefully. To me, and this is only my view, I believe the royalty money will be frittered away from us, used on the new venture and/or other projects.
So I've voted against the proposals, which, I feel, are more shocking than if we don't chase a new venture, issue billions of new shares and spend yet more money, including possibly the future royalty cash.
How much would our holdings really be worth if we relist?
The royalty can be ring-fenced now and we can receive a future return. BMR placed on care and maintenance only. It isn't beyond the realms.
Only my thoughts.
Good luck all.
Because, comeonvog that would be serving the interest of the long suffering shareholders. Truth is JLP want to be able to sell their shares at some point and they need us to be on the market in order to do so. They’re not bothered about what happens to BMR and neither is Colin Bird, he has got what he wanted for both his companies and when the time is right they’ll be able to sell their holding making back some of the £500,000 they initially paid in order to obtain a 29% holding in BMR, the right to acquire EML and the Kabwe Project.
That is the most sensible proposal so far from comeonvog.
I see that we are back to rampers talking about vanadium and potential, while the company is still run by a useless Board who failed to deliver and caused massive dilution. AB will be the only person who does well.
Why can we not just lock in our royalty entitlement for the next two + years , get rid of AB and just freeze everything. Or give the Royalty back to JLP for shares in JLP.
Trouble is, he's far from alone on AIM in being self serving and failing miserably to deliver any shareholder value whatsoever. My criticism is that if he were a football manager he would have been booted out a long time ago before he could do any more damage. Seems that if you're a useless, incompetent if not outright fraudulent AIM CEO, you can still cling on to the reins like a limpet whilst paying yourself handsomely. AIM shareholders are small fry, powerless and unorganised so they are easily misled and manipulated by these unscrupulous BoDs.
Jeremiah99.....it just proves that you can fool some of the people some of the time.
Borrelli is the reason I will never invest in AIM again and anyone with half a brain cell will run for the hills if his name appears on the BOD of any company they are invested in.
It is my understanding that If a company has no ability to fund raise has no cash flow and has to sell ( necessary) assets the winding up is stated below
Future Worth does not indicate value that any asset will achieve As it would be sold in its CURRENT form ( Unknown’s timeline as is value ) ( creating uncertainty and risk for a buyer if able to be found )
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 !
Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE
The Proposed Royalty agreement
please read the updated shareholders agreement
The Royalty will only be triggered once Jubilee comfirms the option of aquisition . They carry a free option to Aquire 100% shareholding of EML so thereby triggering Royalty , please see conditions , the by far greater potential value will be in the future once this has happened.
What we are entitled too prior is extremely greatly reduced !
In this ACTUAL form the VALUE if sold would be negligible compared to its potential value.
Only by supporting our company agreeing to ALL resolutions creates the opportunity to re-list and propel forward.
A FUTURE
Please kindly note in chairman’s statement
Obstacles
Nomad decisions new and old nomad ref ongoing listing and subsequent de-listing of bmr( especially ongoing financial commitments obligations required ) mining license
Uneconomical process - due to input costs rising so ongoing we would not have been able to proceed as it was NOT ECONOMICALLY VIABLE . ( Please note recently Glencore have put one of their mines Mutanda DRC in care and maintainence due to battery metals prices and costs associated with mining difficult ores amongst other things . )
A low cost production essential for long term survival, using a more efficient cost effective process via Jubilee JV .
Investment cash not forthcoming but this still would not have helped if the proprietary process method was not economically viable due to associated Escalating costs involved .
We were able thankfully to achieve a joint venture thus creating value longer term to do this we need to be able to maintain and go forward as a company, and be able to fund and allow the new company to create value both for the company & shareholders new and existing.
We will not be able to survive if resolutions are not supported, yes we have some dilution and we do not know how much this is price sensitive yet again , speculation is simply that as to how many and unless we Re-list we CEASE with very little to gain as ordinary shareholders. Reference WINDING UP above .
There are many companies who are in dire circumstances due to cash & legislation restraints with great assets , our position is stronger than most with positive fundamentals to enable a re-listing .
We can re-list as a new business & acquisition to propel us forward .
All arguments I’m afraid are irrelevant, part one two and three of support our future as stated is my understanding of our position ,please kindly note, it is business and what is required materially to enable us to achieve and to go forward with future , if you have read and understood what has been written I hope you will understand there is only one option. Pass and support our board for all resolutions.
It is very simple please
Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE
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 !
Please DO NOT TRUST anyone who suggests otherwise they may have ‘ ulterior motives ‘ for doing so!
T-TRADERS
As I do not T-TRADE , however the aftermath of said T-TRADES outstanding and ongoing due to suspension but on Re - listing may affect the individual(s) concerned .
Some may indeed have another motive, they may gain indirectly through holding of shares in other related companies involved and if BMR ceases to exist who may possibly gain in this situation . Some may hold deep resentment for what may have been but sadly was not , while I understand and wish we were able to proceed with processing at Kabwe there were numerous obstacles which prevented us from doing so .
We have been lucky to have achieved any possible outcome to enable us to keep going let alone a POSITIVE outcome of ANY sorts due to these cumulative difficult circumstances.
Please read obstacles below and I suggest you read the chairmen’s statement in the accounts which gives Factual more in-depth analysis.
Bear in mind jubilee, a company with good financial backing of institutional investors, diversified assets and multiple revenue streams , they are our largest shareholder and therefore I believe also we have been shown their support for this new acquisition due to its % shareholding , any acquisition could not I believe go ahead without their approval .
Jubilee have a proven peer recognised track record, strategic business planning with a growing team adding to their existing highly experience personnel .
It is therefore in their interests for this acquisition to go ahead , with potential and a positive outcome of their investment for their shareholders too which would be most welcomed by all and those involved here as well I’m sure.
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 and a royalty with a timeline unknown as is the value .
Royalty
Time line and value creation as indeed shares that will be issued to survive with new acquisition are ALL price sensitive as Jlp remember , our supportive significant shareholder and Joint venture company partner, are AIM listed .
No shareholder can demand Jlp buys us out or demand the price sensitive information without it being in public domain .
Please remember who has significant and full control in Zambia and who hold the titles /mining licenses to fully execute the Kabwe project.
Royalties Necessary sale
IF deemed necessary requirement for a sale for said royalties if resolutions not passed ( imo if able to be ) and ( if) a possible buyer could /may be found, the value achieved (again if ) would reflect negatively In the price achieved as value and timeline are ALL unknown thus creating a risk for the buyer.
The value recovery of the asset will definitely not reflect in the price achieved NOW, however, while waiting to allow asset to mature to create a future valuable revenue stream if allowed will create value for the company and its shareholders,
HOW this will done is again price sensitive, so once again anyone who demands this is foolish indeed, we need to support our financial needs ongoing to survive , with-out cash we have NO business.
It is also my understanding We will NOT be able to relist at all with royalties in a separate subsidiary as we have NO ongoing Business. We have to meet CRITERIA involved for re-listing .
To achieve funding in such a difficult world financial climate shows a strong business plan with positive potentials ongoing.
To suggest NOT supporting the company is reckless and quite frankly irresponsible, essentially recommending supporting winding up of the company !
in a very short time period as we have no ongoing cash flow, glr shares are locked in. They do not have to alter this but irrelevant arguments as cash will still run out.
Result Winding up
A Positive Targeted analysis shown in a business plan essential to achieve funding enabling our re-listing, in the current difficult financial climate which has existed for many years this in itself is a an achievement.
We have to deal with what IS
not what IF or as a few are fixated on what WAS or COULD have been.
This is Fact .
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.
Creditors & preferred shareholders would receive claim to liquidated assets F
And to think he was lauded as 'one of the good guys on AIM' by one city commentator when he took over from Alikhani. I'd hate to see how the bad CEOs perform. :-(
20/10/14 - 1,334,133,886 shares in issue
Consolidated 10 to 1
01/05/15 - 131,965,452 on return to AIM
02/08/18 upon cancellation 335,710,864 share in issue +154.3% since he took over.
A bargain so far, when you think about what we have gotten in return from the wise old fox Borrelli’s deployment of company capital.
Now that Par value is to go from 0.01p to become 0.0005p (0.01/20) and we have agreed to raise (£1.25m) $1.5m to fund Revelo upon attempting to re-list the co. factor in we may need to be raising potentially more than $1.5m as directors want money for their efforts to give us lucky shareholders a chance again.
$1.5m (£1.25m) at 1p would be another 125,000,000 shares in issue. And this is on the optimistic side as Alex Borrelli and Directors agree the shares are now worth less than 1p per share.
That would give us
460,710,864 shares in issue.
Revelo are to be given 19.99% of the Shares in Issue. They aren’t taking part in the fund raising and unless JLP are giving them 19.99% of their holding I can only speculate that shares will have to issued to ensure Revelo get their 19.99%.
In order to do that a further c. 25% of the current shares in issue would need to be issued in order to give Revelo their agreed 19.99% interest.
460,710,864 + 25%
575,888,580 * 0.1999 = 115,177,716 shares to Revelo.
This will be maintained pro-rata until BMR have spent $2.5m.
I think I’m being way too ‘hopeful’ with the level of shares that will be issued in order to raise the agreed capital, the par value has been divided by 20 so they must be thinking much lower. This will be a new co. after all and will be treated as such, the moment it lists as Callisto Resources.
I would imagine by the time Borrelli and co. have spent the $2.5m within next 2½ years we will have closer to 2 billion shares in issue meaning Borrelli will have increased shares in issue 15 fold.
2 billion shares will mean each 1p in SP becomes £20m in Market Cap. value. Current shareholders will be wiped out in next few weeks. I’m not willing to entertain delusions or hopes that Chile will deliver the goods when Borrelli has failed consistently for the last 5 years here.
At best shareholders will get a chance to sell at a massive loss, realising that all the risk has been for nothing.
i rec that KlueLoss
how i wish we had some legal people on this board who could take the fight to AB. He has delivered nothing but taken everything. Chile, i mean come on . Can,t wait for the pictures of the plant build nearing completion. We all remember this RNS from BMR 3rsd May 2017
"The Directors are pleased to report that construction of the Kabwe plant remains on track with construction scheduled to complete in the fourth quarter of 2017, ahead of the start of commissioning by the end of the year. Provided construction and commissioning remain on track, the Directors would anticipate production commencing in the first quarter next year." LIES
ACA draw down LIES
"Alex Borrelli, CEO and Chairman, commented: " We are pleased to announce good progress in all areas of our activities and note particularly the progress on the construction of our Kabwe plant." LIES. IMO.
Upon these resolutions passing and Revelo receiving their 19.99% of the shares in issue, along with the holdings of JLP, Colin Bird and Alex Borrelli private shareholders will hold no sway whatsoever. This was always the plan with JLP taking such a commanding % of shares.
If people wish to vote against these resolutions it’s because they can see what’s coming. They will be +90% down on average, billions of shares in issue, a bloated board continuing take salaries for their part in the last 5 years near collapse in shareholder value - whoever move offered us a ‘life line’ out in Chile. A chance to fund another company with The Royalty no doubt.
There’s no way to spin any of this positively.
JLP obtained a 29% share in BMR Group following a payment of £500,000 and an exchange of a % of shares in BMR. BMR also obtained a no. of shares in JLP which were later sold (at very low JLP SP) in order to raise the bulk of the required capital to pay £614,660 to Blue Square Minerals in order to restore the SML. JLP ‘support’ our re-listing because they want the option to be able to sell their holding, upon doing so, realisation should set in that Kabwe was sold for a yet to be finalised Royalty which has the weird juxtaposition of currently being valued at very little, whilst also being used as cudgel to bring shareholders into line to vote through their own complete and utter decimation, thus being seen to support Alex Borrelli and Colin Bird despite the polar opposite being true in most individuals eyes.
nubie1
“Bear in mind jubilee, a company with good financial backing of institutional investors, diversified assets and multiple revenue streams , they are our largest shareholder and therefore I believe also we have been shown their support for this new acquisition due to its % shareholding , any acquisition could not I believe go ahead without their approval.”
"propel forward"
rofl!
Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE
The Proposed Royalty agreement
please read the updated shareholders agreement
The Royalty will only be triggered once Jubilee comfirms the option of aquisition . They carry a free option to Aquire 100% shareholding of EML so thereby triggering Royalty , please see conditions , the greater potential value will be in the future once this has happened.
What we are entitled too prior is extremely greatly reduced !
In this actual form the value if sold would be negligible compared to its potential value.
Only by supporting our company agreeing to ALL resolutions creates the opportunity to re-list and propel forward.
A FUTURE
Please kindly note in chairman’s statement
Obstacles
Nomad decisions new and old nomad ref ongoing listing and subsequent de-listing of bmr( especially ongoing financial commitments obligations required ) mining license
Uneconomical process - due to input costs rising so ongoing we would not have been able to proceed as it was NOT ECONOMICALLY VIABLE . ( Please note recently Glencore have put one of their mines Mutanda DRC in care and maintainence due to battery metals prices and costs associated with mining difficult ores amongst other things . )
A low cost production essential for long term survival, using a more efficient cost effective process via Jubilee JV .
Investment cash not forthcoming but this still would not have helped if the proprietary process method was not economically viable due to associated Escalating costs involved .
We were able thankfully to achieve a joint venture thus creating value longer term to do this we need to be able to maintain and go forward as a company, and be able to fund and allow the new company to create value both for the company & shareholders new and existing.
We will not be able to survive if resolutions are not supported, yes we have some dilution and we do not know how much this is price sensitive yet again , speculation is simply that as to how many and unless we Re-list we CEASE with very little to gain as ordinary shareholders. Reference WINDING UP above .
There are many companies who are in dire circumstances due to cash & legislation restraints with great assets , our position is stronger than most with positive fundamentals to enable a re-listing .
We can re-list as a new business & acquisition to propel us forward .
All arguments I’m afraid are irrelevant, part one two and three of support our future as stated is my understanding of our position ,please kindly note, it is business and what is required materially to enable us to achieve and to go forward with future , if you have read and understood what has been written I hope you will understand there is only one option. Pass and support our board for all resolutions.
It is very simple please
Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE
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 !
Please DO NOT TRUST anyone who suggests otherwise they may have ‘ ulterior motives ‘ for doing so!
T-TRADERS
As I do not T-TRADE , however the aftermath of said T-TRADES outstanding and ongoing due to suspension but on Re - listing may affect the individual(s) concerned .
Some may indeed have another motive, they may gain indirectly through holding of shares in other related companies involved and if BMR ceases to exist who may possibly gain in this situation . Some may hold deep resentment for what may have been but sadly was not , while I understand and wish we were able to proceed with processing at Kabwe there were numerous obstacles which prevented us from doing so .
We have been lucky to have achieved any possible outcome to enable us to keep going let alone a POSITIVE outcome of ANY sorts due to these cumulative difficult circumstances.
Please read obstacles below and I suggest you read the chairmen’s statement in the accounts which gives Factual more in-depth analysis.
Bear in mind jubilee, a company with good financial backing of institutional investors, diversified assets and multiple revenue streams , they are our largest shareholder and therefore I believe also we have been shown their support for this new acquisition due to its % shareholding , any acquisition could not I believe go ahead without their approval .
Jubilee have a proven peer recognised track record, strategic business planning with a growing team adding to their existing highly experience personnel .
It is therefore in their interests for this acquisition to go ahead , with potential and a positive outcome of their investment for their shareholders too which would be most welcomed by all and those involved here as well I’m sure.
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 and a royalty with a timeline unknown as is the value .
Royalty
Time line and value creation as indeed shares that will be issued to survive with new acquisition are ALL price sensitive as Jlp remember , our supportive significant shareholder and Joint venture company partner, are AIM listed .
No shareholder can demand Jlp buys us out or demand the price sensitive information without it being in public domain .
Please remember who has significant and full control in Zambia and who hold the titles /mining licenses to fully execute the Kabwe project.
Royalties Necessary sale
IF deemed necessary requirement for a sale for said royalties if resolutions not passed ( imo if able to be ) and ( if) a possible buyer could /may be found, the value achieved (again if ) would reflect negatively In the price achieved as value and timeline are ALL unknown thus creating a risk for the buyer.
The value recovery of the asset will definitely not reflect in the price achieved NOW, however, while waiting to allow asset to mature to create a future valuable revenue stream if allowed will create value for the company and its shareholders,
HOW this will done is again price sensitive, so once again anyone who demands this is foolish indeed, we need to support our financial needs ongoing to survive , with-out cash we have NO business.
It is also my understanding We will NOT be able to relist at all with royalties in a separate subsidiary as we have NO ongoing Business. We have to meet CRITERIA involved for re-listing .
To achieve funding in such a difficult world financial climate shows a strong business plan with positive potentials ongoing.
To suggest NOT supporting the company is reckless and quite frankly irresponsible, essentially recommending supporting winding up of the company !
in a very short time period as we have no ongoing cash flow, glr shares are locked in. They do not have to alter this but irrelevant arguments as cash will still run out.
Result Winding up
A Positive Targeted analysis shown in a business plan essential to achieve funding enabling our re-listing, in the current difficult financial climate which has existed for many years this in itself is a an achievement.
We have to deal with what IS
not what IF or as a few are fixated on what WAS or COULD have been.
This is Fact .
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 t
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 and a royalty with a timeline unknown as is the value .
Royalty
Time line and value creation as indeed shares that will be issued to survive with new acquisition are ALL price sensitive as Jlp remember , our supportive significant shareholder and Joint venture company partner, are AIM listed .
No shareholder can demand Jlp buys us out or demand the price sensitive information without it being in public domain .
Please remember who has significant and full control in Zambia and who hold the titles /mining licenses to fully execute the Kabwe project.
Royalties Necessary sale
IF deemed necessary requirement for a sale for said royalties if resolutions not passed ( imo if able to be ) and ( if) a possible buyer could /may be found, the value achieved (again if ) would reflect negatively In the price achieved as value and timeline are ALL unknown thus creating a risk for the buyer.
The value recovery of the asset will definitely not reflect in the price achieved NOW, however, while waiting to allow asset to mature to create a future valuable revenue stream if allowed will create value for the company and its shareholders,
HOW this will done is again price sensitive, so once again anyone who demands this is foolish indeed, we need to support our financial needs ongoing to survive , with-out cash we have NO business.
It is also my understanding We will NOT be able to relist at all with royalties in a separate subsidiary as we have NO ongoing Business. We have to meet CRITERIA involved for re-listing .
To achieve funding in such a difficult world financial climate shows a strong business plan with positive potentials ongoing.
To suggest NOT supporting the company is reckless and quite frankly irresponsible, essentially recommending supporting winding up of the company !
in a very short time period as we have no ongoing cash flow, glr shares are locked in. They do not have to alter this but irrelevant arguments as cash will still run out.
Result Winding up
A Positive Targeted analysis shown in a business plan essential to achieve funding enabling our re-listing, in the current difficult financial climate which has existed for many years this in itself is a an achievement.
We have to deal with what IS
not what IF or as a few are fixated on what WAS or COULD have been.
This is Fact .
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 t
Yep 2 sets of resolutions. See below...
Ordinary Resolutions
1 To receive and adopt the Company's annual accounts for the financial period ended 31 December 2018
2 To re-appoint Colin Bird as a Director of the Company
3 To re-elect Antony Royston Gardner-Hillman as a Director of the Company
4 To appoint Crowe UK LLP as auditors and to authorise the Directors to determine their remuneration
Resolutions (*Special Resolutions)
1 To approve the proposed Sub-Division
2 To authorise the Directors to allot shares in the Company
3* To disapply statutory pre-emption rights
4* To approve the Company's amended Articles of Association
5* To approve the name change of the Company to Callisto Resources PLC