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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
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.
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