Member Info for 3cardbrag

Good find. Thanks.
All looking very rosy. Short term SP dip not a concern for me. Looking forward to what SP will be by end 2019.

That absolutely right Biggs. After a somewhat frosty Q&A he stood there afterwards with a small group of us and was very upbeat about the near to medium future, and confidently stated that by around 2020 he hoped we would be around 100 mscuffs. He also believed the SP would be multiples of today's SP.
Total failure and good riddance.

Presume you're going to the GM Banjo. But which side of the table will you be?

Some may also say "breeding ground"

Moi, and hopefully get right train this time

Too right. First member of board to even hint at it on the day gets a right gobful from me. I would like to think that Kev himself might through a leaving buffet out of his own wealthy pocket rather than the usual warm coffee and custard creams.

Which, when you look at total earnings from kabwe, makes borrelli's decision to virtually give it away, all the more scandalous

Or you could read it another way. Most people invested here thought the current portfolio was a massive game changer.
Bearing in mind the pathetic amounts of revenue it is producing, it may be unlikely to ever be sufficient revenue to cover
costs so they are buying more assets to keep the dream going for PIs who still believe it.
Why else would you continue to massively dilute existing investors at shockingly low SP with all the distraction this brings when you should be totally focussed on making the existing portfolio work?

I see people are finally starting to realise that they are being mugged by the Board of Directors, ably assisted on here by the usual rampers.
If they cared a shiite about LTHs they would include them in the share offerings rather than sell to the city at mates rates.
Here's how it works (simplified). Issue another huge amount of shares to city. Automatic sell at first chance of any rise. Price drops and rampers tell everyone what a bargain it is and to hoover them up while you can. Then rinse and repeat for the next lot of well meaning mugs.

We shall see soon enough

The acid test for me would be if anyone repeat anyone would offer me 3p per share for my shares. I might well just take it and top up in JLP. As jeremiah says, a bird in the hand and all that

That sounds a bit of optimistic fag packet stuff to me. Where do you get £2.5m nett from? and is that nett of everything?
When speaking to AB a while back regarding the destruction of shareholder value, he didn't see it that way and to me was way too optimistic (or delusional). I referred to the pre-suspension price of around 1.9p and he really believes that even at this time, the true value is multiples of that. Also from something he said, the royalty won't just be shared amongst existing shareholders. There seems to be further dilution coming in the deal he is putting together.

I had a modest top up on Friday bringing my average down to around 2.7p so hopefully not too long before in credit.

I don't think buybacks work on AIM. All they do is legitimise the horrendous dilution that's already gone on and dress it up as a way of attracting institutional investors. Then once it's done, rinse and repeat.

Wasn't it also JH who came up with this fantastic method of reclaiming the metals and which Borrelli boasted over and over again was proprietary to BMR. Then JLP came along and said it was all a load of bulllshiite and changed the method. So either the BoD and their experts were totally incompetent or they lied to us.
What did we end up with after all the extra money we pumped in over the years? A feckin' big pile of dirt and a system of recycling it that didn't work. And a few random chunks of concrete, each one costing about £1m. Oh and we gave away the pile of dirt. Cheers AB.

I didn't actually say it. I was merely referring to TBTT's post. I hope to get the maximum from what's left of my BMR investment and also benefit from future JLP profits.

re "(p.s. I wouldn't be surprised if this arrangement gets tidied up over the next few months, and JLP "sell" their BMR shares back to BMR in return for BMR's share of the earnings falling to 7.8%. There's no point anymore in the companies being tied together like this. It would be better to establish a bit more distance.)"
That 7.8% is a very precise figure. Do you know something we all don't?
At this time BMR's solicitors are reviewing the circular which will hive off the royalty into a separate company for existing shareholders. There has been no mention of this being at a smaller level. Then again we are talking Mr Borrelli

re "Also, it's worth remembering that JLP owns 29% of BMR shares, so some of that earnings share (about 3.2%) will come back to JLP. The "effective" pay-out to BMR's non-JLP shareholders will be about 7.8%. JLP's own "effective" share of the Kabwe earnings will be a whopping 92.2%."
I wouldn't hold yer breath on that one

Still not sure you've grasped it yet. It's us that make the decision not the extra 60%. They don't exist yet

The market has had well over 10 years to appreciate just how big Kabwe is. Trouble is that to date the market has sat back and watched 2 useless chairman destroy the hopes of 000s of LTHs there, myself included. Hopefully this time will be different and 3rd time lucky but you can understand why the market is a tad slow at coming forward.