Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sell the Royalty to the listed Co for shares. Ok, you could do that, and you still get to retain the Royalty in the Co you own shares in... But then the Co can do what they want with the proceeds, potentially using it for exploratory work. Basically the money could be wasted and we still see no value.
On the other hand, if you held the Royalty in a separate Co on its own, we can all benefit from the proceeds, and potentially sell it for a much higher price at some point. All cash would go to BMR shareholders, not towards Director salaries and drilling costs.
You sell it to the listed company for shares in the listed company
If it's as valuable as BMR/JLP make it out to be, then why even sell it. Keep it and return money to shareholders over time.
So you really think JLP will want to pay out on the Royalty for the next 15-20 years? They are likely to want the Royalty gone, which would mean making an offer to BMR. Why do you think BMR have recently registered their office at the same address as JLP's London office? I don't think it's a coincidence that JLP are looking to exit from BMR and the Royalty is due to be triggered shortly, once our licenses and assets transfer to JLP.
Our shareholder value is in the royalty. If the royalty is sold to the listed company we get shares in the listed company. I hope its a fair deal and a company that has real potential
I don't mind having a listing or reversing into another Co. as long as it's a fair deal for BMR shareholders. I'm assuming Borrelli won't be involved in any new venture. In fact, I doubt he'd ever be able to run a listed Co. again given his track record. His career should be over after what he's done to BMR and its shareholders.
Apparently we should all be thanking him for giving away our prize assets in return for the Royalty - how can we thank him when JLP have quite clearly done everything in their power to ensure BMR shareholders see little to no return from the Royalty for the foreseeable future. Don't forget JLP originally said they would fast track the Kabwe project. The only thing that was fast tracked was buying Sable and every Copper dump they can get their hands on in Zambia... Talk about getting robbed by two sets of Companies.
Jubilee have delayed any progress at kabwe to destroy bmr shareholders . Jubilee imo were hoping to bankrupt bmr into handing over the royalty for little to nothing. The royalty imo will be used to smooth over a deal with an already listed aim company. Not with jubilee. This will be the last deal offered now. Failure to vote through this deal will ultimately lose any chance of getting anything back. I look forward to this new offer. I hope it is satisfactory to all but i would doubt it.
Not sure what you mean by that question? If you're referring to shares, I thought Borrelli sold all our JLP shares... We still own 24.6m shares in GLR worth £197k.
How much money do you think bmr have in jubilee and galileo