Simples. Kick out FOO/DIK. Investigate recent claims of impropriety and if proven, prosecute and cancel FOO's royalty as part of the package. Also clawback any bonus shares.
All true but nobody, not even your last category, invests just for something to do. They all hope at some point to make a profit, be it through divs, trading or long term investment, none of which seems likely in the near future.
MT may come across as a bit of a pain with his constant requests for info. Yet he has a point. I also gave my holding amount to the BB several weeks ago and have heard nothing since. Haven't a clue whether I'm supposed to do anything else and date of meeting is looming.
Biggy, you are normally a prolific poster yet we haven't heard from you for a while. The longer the silence, the more likely some posters will think smoke and mirrors are afoot.
Further to your point, why are JLP doing all the negotiating with ZG, to our apparent exclusion, when they still haven't decided to go ahead with the project, which currently remains the property of BMR?
re "He does not have an interest in Victoria Oil and Gas PLC but he has an interest in the Lobaba gas field and so does VOG."
Unless of course Grim is one of the mystery new shareholders that we are not allowed to know about. What's that smell. Ahh fish.
I might be wrong but I just get the feeling that Ponzirelli has pretty much given up on BMR and just looks in occasionally to see what JLP are doing. Too many fingers in too many pies. And let's face, the experts are now in charge so not much for him to do anyway.
ZG have had their brown envelope and they really want this project to succeed. So why don't they just come out with it and say "BMR doesn't have the skillbase nor the funding to bring this about. We will happily sign off if JLP take over BMR". For me that is the only way I can now see of getting some money back. Assuming the JV goes ahead, I will make money on JLP but not sure about BMR anymore.so would possibly take modest T/O offer on that basis.
Funding hasn't been sorted. There is no new money. It's already been spent. All they are doing is juggling balls and buying time. It's the costs they need to focus on. But they won't because they have too many vested interests.
Hats off to anyone who can bring it all together and make the directors listen to PI grievances. But any meeting and disclosures must be both verifiable and available, either through company website, twitter or RNS eg.
Have voted against for 1,2,4,5 and for for 3 via HSBC proxy. Hoping to attend. I'll be the one in dark glasses carrying a violin case. lol.
I'm sure our vote won't be enough but we have to get enough to give Foo and Co a bloody nose. Not that they'll give a fig anyway.
Given the history here, I'm not at all convinced we will see one of those massive spikes seen recently. In a way, I wish we would, enabling me to exit with a reasonable profit. Personally I feel it will be a choppy rise with fallbacks between news events.
re ""FWIW I don't think BMR will ever re-float. I expect an all-share offer from Jubilee within a few weeks".
Can they do that under stock exchange rules or do BMR have to be out of suspension/?. Not an expert. Just wondered.