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Just put out an RNS for a cash raise @ 19.02% dilition. I wonder if this was VENN borrowing from their books as well. Quite possible.
Again, a sterling response. The RNS is quite complex. I really do not understand why the person who arranged the loan note, and from a venture capital company, no Iess, will now be sitting on the board. If they now know which announcements are coming and when, then the SP will be up and down like....
I did not mean to undermine your opinion. Apologies. My my post was meant to infer that the likelihood of what we want and what we feel is best to ring fence are old BMR assets will not be entertained by people who do not have the same intentions as us. As our jlp puppet master realises, the best way forward for them is to keep BMR a private company long enough to take as much as it can of our assets for as little as possible.
If you want best case scenarios then I suggest that every effort is made 2 try and get above the 29% and then put a legal hold on current BMR dealings. A majority of shareholders are persuaded that the best way forward for BMR is is for all activities to cease and that the company becomes a Investment fund for a 5 to 6 year term. After that any shareholder can leave by releasing their shares for the total value of the trust divided by the number of shares they own. The longer you leave your shares in the trust the greater the value of the trust and the greater the value of your shares then it's just a simple waiting game as to who leave their shares in longest for the greatest return. This could Simply Be administered by a single accountant. Oh wait hold on
The sells are from BMR (selling shares in a company that is on the way up in order to finance a pig in a poke where Mr. Borrelli will continue to be employed for years drilling countless holes and mucking about drawing a salary until the money runs out) The buys more likely to be bigger investors with orders to snap up anything under 2.5p and then continue buying, especially as JLP has strongly suggested a positive Kabwe RNS before Christmas. ( maybe the remaining 12 and a half percent royalty from Kabwe will have been forced from Mr Borrelli's limp wrist)
* the Blue Square payments were the correct thing to do.
As a private company he is all powerful.
An acquisition keeps him in a directorship
An FGM/AGM would not lock favourably on Borelli so not I can his interest plus if he cobbles some old 5hit together sharpish he could sell JLP shares to his fellow board member Colin Bird. He could sell the Kabwe Royalty to Blue Square. He could suggest that by giving away £400K of BMR money to people that would not pass muster under The Bribery Act 2010.
The point is the Chair and CEO need to know the views of its shareholders. Otherwise you are just a passenger. As a BMR Watch Group member, currently a 15% of the company voice or as an individual, you have to tell the company your view.
The absolute priority for any BMR shareholder is to communicate to Borelli that above all else, and the Kabwe Royalty cannot be sold. I think second is to wait before going forward with any acquisition but the Kabwe Royalty is our only certain road to future market capital value. Selling this asset would be catastrophic.
(firstly, I not sure if you are responding to anything I have written as lse now shows where my filter blocks are active so.....)
I am simply stating that the 12.5% Kabwe royalty will be quite substantial in a few years and if left alone + 60M JLP shares COULD eventually pay us back a portion of our lost monies. The thing that will ruin this is Borelli buying some prospect and start an interminable drill/ analytical programme to keep his director salary ticking along. I would like the whole thing locked down for 5 years and then disseminated to shareholders.
.... To me, I this is a company that is really forming a very solid base for a long term player in the sector. They are producing and developing. CB should hv stayed away as he probably appeals best at a bar or after a good lunch. LC just wants to talk facts and figures which is what I want. Jonah, your summation is excellent and thanks for it. I shall continue to buy on dips if there are any. It is a very good long term share to be in
Colin bird just seem to do a lot of sighing when talking about BMR and bemoaning the fact that there was a disconnect between the market cap of the company and its value. I think he was really implying that the BMR management had not been capable of making any money out of what jlp seems to consider as a massive massive asset and they talk of it almost as though kabwe will be the cornerstone of their company in a few years with the renovation of a possibly government owned mothballed processing plant and being the only lead processor in Zambia it seems to be very big in their future strategy. It just again shows us how much we have lost through management in incompetence.
The thought of relisting and then a whole ridiculous process of buying rights paying salaries processing analysing bore holes bloody drill holes everywhere.
Has this really all been orchestrated because people in the know knew a SKIN revival was to be announced imminently? A rejuvenated SKIN would boost VENN no end. If that is the case, no then that is AIM skullduggery at its finest. Wow!
but with SKIN getting its act together, the price will possibly start to turn. If you are wanting to be in here, 50% of your desired purchase amount would be possible and save the rest for a further dip re:Brexit no deal crash etc
where looking for a poster company to show how they have suceeded thwarting Trump's sanctions and created a viable financial system, then we are surely it. HMO may push extra hard with WSG to show EU that the UK has the wherewithal to make theaebig deals.