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Looks like we are coming back from the dead for another bashing soon
WILL ANY INTEGRITY BE SHOWN TO EXISTING SHARE HOLDERS WHAT SO EVER THIS TIME AROUND.
No. Bird mentioning the support from JLP, no mention of the Royalty agreement and the option to buy Enviro Mining , which I believe expires this month. I thought they would bring some sort of closure instead of granting Borrelli and Hillman Gardner parole. Another period of string them along. They should be making these agreements transparent not creating a further conflict of interest. Researchers, who is the new chap and does his CV carry the correct convictions for another fleecing?
Clear as mud.
Looks like whatever happens to BMR, Borrelli is being allowed to walk away scot free. Will he keep his millions of cheap/free shares/options, unlike Alikhani?
He needs to be made to answer for what has gone on. Is there no regulation whatever in the city?
Looks like he’s part of tiger recourses fireball another one of Colin birds companies.
From Company Check
Raju Samtani holds 3 appointments at 3 active companies, has resigned from 10 companies and held 5 appointments at 5 dissolved companies. Their longest current appointment spans 19 years, 4 months and 21 days at LION MINING FINANCE LIMITED
The combined cash at bank value for all businesses where RAJU holds a current appointment equals £66.8k, a combined total current assets value of £132.3k with a total current liabilities of £144.7k and a total current net worth of £429.9k. Roles associated with Raju Samtani within the recorded businesses include: Company Secretary, Director
3CB - Can u post the link to new message ?
Excellent credentials for yet another rinse and repeat. Where is the transparency, where is the Royalty agreement. Where is our value. I see conflict of interest and appalling choices of partners in crime is the only open and honest part of the tweet. Who is ring fencing the Royalty for BMR shareholders Mr Bird. I'd rather have the Bird in hand and rupture a few organs.
Just read it ? No No No , want nothing to do with this transaction , just want our Royalty given back to the LTH in BMR - and like most LTH get out of this hole for good !!
Not gonna happen Roman. JLP don't owe us anything and the real rogue has fled to count his millions in ggp. Very sordid business indeed
3CB - its time to rally the troops , they need to answers a few questions before they do anything , Borrelli has done a runner , can we call a EGM ?
So how much will these new BOD start paying themselves ? It will be the same old Rinse / Dilution story , and all of COURSE in the Best Interest us Shareholders - we need to request Information on our Royalty !! That can not be ignored . It was also said Borrelli was the lame duck and CB held all the cards , seems its was the truth then
Dunno mate. That's above my pay grade. Where's Bring when you need him?
Would have thought this warrants an RNS tomorrow from JLP , BWTFDIK
They still haven't acquired EML through their option, have they. Where is our Royalty, that's what was paying for the assembled dumps worth around £10 million, more than £6 mill at cost?
Excellent credentials for yet another rinse and repeat. Where is the transparency, where is the Royalty agreement. Where is our value. I see conflict of interest and appalling choices of partners in crime is the only open and honest part of the tweet. Who is ring fencing the Royalty for BMR shareholders Mr Bird. I'd rather have the Bird in hand and rupture a few organs.
Colin Bird to lead the way at BMR - Not sure how well this will pan out…
He holds directorships at several companies, none of which are doing very well, apart from JLP, and GLR are starting to look a bit better (largely thanks to Star-Zinc courtesy of BMR). His hobbies include diluting shareholders. His biggest success was striking Copper in Zambia under Kiwara, which was then sold to First Quantum for $260m back in 2009. That’s Colin’s CV in a nutshell.
Not sure about this Raju Samtani guy - he’s also on the board of one of Bird’s other co’s, Tiger Royalties, which used to be called Tiger Resources - they mainly invest in other companies on the stock market and hold a small percentage of BMR.
We have a few options. We can call an EGM, we have the 5% and can put forward resolutions for shareholder vote. We could knock on the door and see if we can build up some communications through BMR Watch. Colin is notoriously bad when it comes to engaging with shareholders, although BMR Watch did manage to speak with him back in 2018.
I’ve been assured that the Royalty will be put in place and Colin is currently in discussions to make an acquisition. Obviously they will be looking for a mining asset, but I don’t know how they plan on relisting. They will no doubt use the Royalty as leverage for a deal and JLP will look to exit their position.
Will they be allowed to relist on Aim??
Hi Bring. When does the option to acquire EML lapse. This should be an indication of their intent at Kabwe. I don't trust anyone who has conflicts of interest to engineer an equitable exit. Too much time has past while shareholders have been got at and thus undermined the Watch which has to be united. I don't know how many posters here are known to the Watch but we should post according to our allegiances as undermining the message is protecting those with the power and influence. Come on guys, this must be the finale and we must give these thieving crooks a run for their money. Our Cash balance has probably fled the Bank along with the two officers that exited by the back door. Colin is under no pressure to work for BMR holders and he has already appointed a nodding donkey. We need to find a way of procuring the original JV document and the subsequent Royalty agreement as JLP and Kabwe Processing are not JLP and Sable now. They have paid F all for Kabwe and if they say they bought 29% of BMR as a price then they need to think again before writing off the holding. Funny how our biggest holder with Bird on board made few objections to the loss of a listing. The whole deal obviously contrived. A fraud specialist or a Panorama reporter might be our best bet. Bet JLP wouldn't like anyone looking closely at their Zambian activities or those in SA. Opposed to any listing that does not recognise our Royalty and value.
Member BMR Watch
Hi Fireball, the RNS where JLP took over the project was released early August 2018 - it states they had 2 year option from the date of the updated agreement (see below). So in my mind, that date has already lapsed and JLP must have taken up their option to acquire EML. We are probably waiting the final transfer of all assets before JLP announce anything.
“In terms of the Updated Agreements Jubilee is further granted, for a period of 24 months from the effective date of the Updated Agreements, an irrevocable free option to acquire 100% of the issued Shares in EML (the "Acquisition"). Following the Acquisition Jubilee's equity interest in Kabwe Operations and EML will increase to 100%.”
Ljchandler, I don’t see why we can’t list back on AIM, especially now Borrelli has left. They could also do a reverse takeover, where our assets are transferred to an already listed entity, and we get shares in return. Although I think it’s more likely they will go for a completely new listing.
FireballXL5 How i wish this could be taken up with Panorama or infact any brodcasting company who look into scams and doggy management. Letters to local MP's might be a way forward if they totally screw us over.
Alex borrelli ....We have never been in a stronger position , so why have you done a runner with all the cash. !!!!!!!!
Just spoken to a chap that used to be the Investor Relations Manager for BMR, in fact, the man who was instrumental in the change of name to BMR and the logo in the colour of the minerals to be processed. He was there the day that the keys were handed to Borrelli, not an ordinary Monday morning. Entered seeing Masoud with his head in his hands and Bailey remarking on the Fraud, that Masoud was off and the new chair was Borrelli, who then proceeded to appoint his forensic accountants. In his words, to whitewash the whole episode. The invoices from Masoud's brother particularly galled him when he found out that he was billing 50k for Investor Relations Services and our outsourced Accountant was paying them. He was also minded to say that Alzheimer's was not something that Masoud was suffering from. It appears that Borrelli was there to clean up a mess, revealing some of Alikhani's embezzlements, enough to lay the body to rest, it appears. Borrelli and Hawke then prioritised this other method of recovering the tailings. He reckons you could fill a post-it note with what Jeremy Hawke knew and our Borrelli was happy to recruit and pay him to help finish off any chance of recovering the metals. Apparently and according to this source, the Macedonian company Ascot, had the process mapped and could have produced the metals using the gravity feed method to recover the zinc and lead, first extracting the iron and silica to recover 87% metals. According to this chap who researched and published a great deal of the BMR presentations, went to Macedonia and had knowledge of the Cranborne School of mines testing and visit by Ascot, the process was ready to roll. He never understood Alikhani's reluctance to process and his obsession with acquiring tin pot and flooded assets in Zambia on a copper grab. It seems Borrelli, more competent than Hawke, because he survived longer having covered the tracks for Alikhani. What I'd like to know is how long did Bailey know, when did he approach Borrelli and what was in it for Borrelli to accept. There is more to this clandestine activity than meets the eye. Save the collusion that was pretty evident between Anita, the Accountant, was it Soda and the Alikhani and family. The Israelis' were also involved, as Alikhani was highly respected there and always received a red carpet when visiting, the Israeli State Railways were mentioned along with a hedge fund close to Berkeley Square, as part of the plot. Wonder how much our rogue Borrelli knew. It seems that Bird, in the mining sector, also has rattling skeletons. This person remarked that there is no regulation in the city and they are left to monetise their shareholders. Panorama please take a look. Sorry for the paragraph, the conversation has both incensed and incentivised.
Very interesting if unsurprising info Fireball. Hope for your sake it's from a reputable source as I've no doubt Borrelli is scrutinising this board and wouldn't hesitate to use some of his newfound millions to stifle dissenters
Very reputable gentleman and a friend of a friend. Knows a thing or to about Masoud, who enjoyed chatting and went on a few business trips to far off lands. Tis a small world sometimes.