Member Info for 3cardbrag

Exactly the thoughts expressed my myself a few days ago on JLP board

It really isn't that simple. People become lazy and go onto benefits because the system allows, possibly even encourages, them to so do.
The state, allows big business to run low levels of work based training/apprenticeships, the state allows people to stay on generous benefits without asking anything in return eg types of workfare, and the state allows mass immigration from low pay countries with strong lobbying from big business which is in many cases employing politicians and their families in positions of influence. Finally the state allows massive and illegal over occupancy in HMOs in all the big cities which stops the indigenous population from competing with low paid, low cost immigrants. It is estimated there could be as many as 1 million people living in overcrowded HMOs and garden buildings in London alone and the state does nothing about it.

Fact is, I don't know you and you don't know me. I could be Angela Merkel and you could be Boris Johnson. Every poster is anonymous. So excuse me but when I see posts I regard ad suspicious, I reserve the right to challenge said posts. Using racist language or beating up disabled people are activities to be ashamed of, not, as you rather stupidly suggest, challenging someone else's posts.

BMR board post

You only have to look at his posting history to see he is a fantasist. He has been asked on more than one occasion to post the Borrelli correspondence and replies online as simple proof of what he is saying and all he does is say that he doesn't know how to.
The sudden volte face after the previous volte face, whereby he now says he plans to let sleeping dogs lie for two years, is purely a mechanism to avoid being found out because he has reached the point where he can't take the fantasy any further. You can believe him if you want to. For me he is total carp.

You only have to look at his posting history to see he is a fantasist. He has been asked on more than one occasion to post the Borrelli correspondence and replies online as simple proof of what he is saying and all he does is say that he doesn't know how to.
The sudden volte face after the previous volte face, whereby he now says he plans to let sleeping dogs lie for two years, is purely a mechanism to avoid being found out because he has reached the point where he can't take the fantasy any further. You can believe him if you want to. For me he is total carp.

Still waiting for a plausible reason as to why you would let someone, who you regard as nothing more than a criminal,
play with your hard earned money for another 2 years.
Preferably without the childish insults if you will.

I seem to recall you were vocal on this matter at the time. What are your thoughts?
3card

Very true. When our knight in shining armour first appeared on the scene, one of the first things he did, after awarding himself and colleagues share options equivalent to 10% of the company, was to push through the power to disapply pre-emption rights.
I and a numbers of others spoke against this but somehow it went through with a big majority and the subsequent share dilution is plain for all to see.
Maybe people were so relieved at the time that the company hadn't gone bust that they dropped their guard.

""Why don't you try to engage with someone gifted with sufficient intelligence to explain to you that BMR , at no time in the last 5 years , had sufficient resources to develop Kabwe as a functioning unit. "
By making this statement you are insulting the intelligence and investment credentials of all long term shareholders.

BTW, talking like Leonard Sachs and throwing juvenile insults doesn't impress me in the slightest. It just demeans your argument.

You are so wrong on your last point.This company reminds me of the film Sliding Doors. The story changes depending on which decision you make.
With a CEO worth his salt and, more importantly, working for the shareholders, we had every chance to make a success here.

"Why don't you try to engage with someone gifted with sufficient intelligence to explain to you that BMR , at no time in the last 5 years , had sufficient resources to develop Kabwe as a functioning unit. "
Utter garbage!

I have to say I find your last post somewhat bizarre if I'm honest.
Here we have a CEO who has sold off the "family" silver for a song and virtually bankrupted the company, and in your own words is a criminal involved in bribery payments.
Yet you are prepared to entrust him with your stated substantial shareholding for another two years. whereas at the current rates of asset disposal, it is very possible there won't be a BMR in two years.
I'm finding it very difficult to reconcile these two positions.

That would just leave Mr Dik in charge of the honey pot. Some might say better the devil you know, or complete clearout which is probably not a good thing at this delicate point in VOG's history

re "We've acquired these assets for next to nothing, and is where that future earnings growth is most likely to be coming from"
Yes I agree and as a long suffering BMR shareholder, I hedged my bets a while back by buying into JLP. I fear my investment in BMR is all but lost now, but hope to regain a substantial proportion of it through JLP over next couple of years.
My only worry is that one or two on the BMR site are stirring up the mud at the bottom of the pond as regards the licence restoration, payments to Blue Square and possible illegal activities. If they muddy the water too much, this could cause the Zambians to think again about the licence.
As the bible says "the Lord giveth and the Lord taketh away".
3card

You certainly can't deny that.
I suspect what Mikey is saying though is that he believes that BMR's shareholding in JLP was all part of a preconceived plan between the two companies to enable a very cash strapped BMR to pay these somewhat dodgy service fees to Blue Square without appearing to involve JLP, and that JLP readily changed the lock-in procedure to enable it to happen later.
That's purely my understanding of what Mike is intimating and my apologies to all if I am misreading him.
Cheers 3card

Agree with that. MAB is imho out of his depth here. We have a company that hopes to process mining tailings in Africa, not the easiest job in the world, run by an accountant and a solicitor. What can I say.

We live in hope
3card

You have to understand that Banjo can only manage two tasks (apart from strumming his banjo string), and they are repeated cutting and pasting of old news, and making sarcastic comments about board members.
Don't be too harsh on him. it's not his fault, bless him.