Member Info for BringMyReward

I must admit I had pretty much given up all hope of this ever relisting but the Bird man came through. Just a shame they decided to destroy us with a massive consolidation, hallmarks of Borrelli?

I made it clear I was stepping away from BMR Watch to focus on other things, unfortunately we were unable to make a real difference. It was made especially difficult due to resistance from Borrelli and some of his most loyal shareholders!

Alex Borrelli (NED) used to be CEO and Chairman of BMR. He ran the company into the ground leaving shareholders with nothing. They won't mention that on his CV.

Be careful with this company. Alex Borrelli (NED) used to be CEO and Chairman of BMR. He ran the company into the ground leaving shareholders with nothing. They won't mention that on his CV.

Originally they were going to build a processing plant at Kabwe under the 60/40 deal. They must have drawn up some plans for this to get an idea of costs etc. They love building plants and are experienced in doing so. They also have the cash and resources available to do it as a profitable stand-alone project away from Sable - so why don't they?

Taking on Sable gave them a convenient excuse to just veer away from Kabwe and adapt the plant solely for copper. Now they can leave the Kabwe tailings for many years until they are bored of copper or fancy diversifying away from it. Makes me wonder if it was the master plan all along... I know CB reads these boards and he's probably reading this thinking "damn, they figured it out, better warn Leon and shred some paperwork".

I'm sure the copper project is well worth it. However, don't expect any zinc to be produced anytime soon. They've been claiming they will bring the zinc circuit online for years. Each year there's a new excuse as to why it can't happen.

Please watch this JLP presentation from Nov 2018 and tell me we’re not being fed a bunch of lies in regards to Kabwe. They are clearly very bullish on the project and obviously carried out a lot of test work to make sure it was viable.

http://webcasting.brrmedia.co.uk/broadcast/5bfc0a9dde87317597836b02

In the latest Kendrick (BMR) accounts, CB says JLP are focussed mainly on copper due to zinc prices being volatile and the zinc extraction might be “metallurgically” complex. So why after over 3 years have they now decided the zinc extraction might be complex? Also zinc is currently trading above 2018 average prices. These excuses are poor. Either they lied and they didn’t actually have a viable plan for Kabwe in the first place, or they are lying now about the reasons as to why they can’t go ahead with the project.

Please watch this JLP presentation from Nov 2018 and tell me we’re not being fed a bunch of lies in regards to Kabwe. They are clearly very bullish on the project and obviously carried out a lot of test work to make sure it was viable.

http://webcasting.brrmedia.co.uk/broadcast/5bfc0a9dde87317597836b02

In the latest Kendrick (BMR) accounts, CB says JLP are focussed mainly on copper due to zinc prices being volatile and the zinc extraction might be “metallurgically” complex. So why after over 3 years have they now decided the zinc extraction might be complex? Also zinc is currently trading above 2018 average prices. These excuses are poor. Either they lied and they didn’t actually have a viable plan for Kabwe in the first place, or they are lying now about the reasons as to why they can’t go ahead with the project.

We won’t be getting 11% from Kabwe operations. It’s only from the original Kabwe tailings that contain zinc/lead/vanadium.

JLP have obviously chosen to put the Kabwe tailings on hold while they focus on producing copper. They have the resources to do all 4 metals if they wanted to, but it’s my belief they are somehow doing this intentionally to hurt BMR. They don’t want to pay out on the Royalty, they’d probably rather see us go bust and the 11% Royalty would magically disappear, never to be talked of again.

Strange statements in the GLR report. If they are no longer acquiring EML, which contains licences for Star-Zinc etc., how do they plan on taking the project forward with no licence? Unless of course it's easier to apply for a new one? What's the rush anyway,? Apparently JLP are not planning on touching the Zinc etc. for the foreseeable, so I guess the project will be on the backburner.

The only thing hurting BMR shareholders is JLP's reluctance to bring the Kabwe project online. There's little point in being promised an 11% Royalty if there are no revenues and profits to pay out on...

I feel like this AGM is now the final nail in the BMR coffin. If all resolutions pass, we will re-emerge a completely different beast. No Kabwe assets and an 11% Royalty, that as of yet, is not worth the paper it’s written on. The Royalty is in the tight grip of CB and JLP – they will do everything they can to ensure we never see a penny from it. Worse yet, it will no doubt be moved into the newly listed company where it will be diluted to hell, along with our shareholdings in BMR. JLP are firmly in the driving seat here, and they will do whatever suits them best where the Royalty is concerned.

So what’s left for BMR shareholders now? I guess whatever CB manages to pull out of the bag asset wise. A 500% rise in the new Co will likely mean we are still 50% below the price we were before suspension and de-listing from AIM. The company and value we had was completely destroyed by Borrelli and co.

We’re now in a position where we have no cash and very little chance of getting our original investments back. If we vote against the resolutions, BMR likely folds and JLP retains 100% of earnings from Kabwe (we get nothing) – if we vote in favour, we might get a listing and a chance to recoup some losses. However, I still believe there are no guarantees we will ever see any money from the Royalty. So, what to do…

I see a couple of Colin’s dog stocks have been doing rather well lately - notably XTR which is now up around 550% in less than a month. There must be hope for us yet if/when we get a listing.

Where’s all BMR’s cash gone? We held over £1m worth of JLP shares at one point that were all sold pretty much at the bottom (thanks Borrelli). Those shares would be worth over 5 times as much today.

I see Colin Bird also started selling our GLR shares end of October around 0.8p – they are now trading around 2p, cheers Colin!

Bandit Brorrelli and his cronies should have stuck to the plan. All we wanted was the Royalty to be demerged at a low cost and JLP shares retained for the longer term – we wouldn’t have needed a listing. It would seem JLP had other plans for us though...

3card, that webcast is well over a year old and just highlights how long they have been talking about Kabwe coming online. Last I heard, they won't be recommencing construction until Q1 2021 and even then it might be mid-2021 before it all comes online (probably only the Zinc circuit to start with).

I can't stand to watch the start of that webcast - Leon and Colin are smirking at each other, probably thinking how good a job they did in stripping BMR's assets and screwing shareholders in the process. The whole thing should be investigated by the regulators - how do multiple Directors take on a company and continue to basically defraud investors of their money?

On the JLP front - it's about time they got Kabwe up and running so we can benefit from the Royalty. Don't forget, we get an initial 5% from earnings via the Royalty, which then moves to 11% once JLP claws back their costs. I've not forgotten about that 5%...

Zinc/Lead are approaching 52 week highs and Vanadium is showing signs of recovery. Next year will see these metals flying even higher. We won't benefit from this until JLP actually produces and sells the products. How many years and counting?

Speaking of GLR - it looks like CB has sold all our shares circa 0.8p and now look at the SP! Never any luck when it comes to being a BMR shareholder, we just get treated like mugs with Directors etc. taking all the cream and leaving investors with scraps or nothing.

CB had better pull something out of the bag because my fingers are getting itchy for some legal action...

I wasn’t very well back in Jan/Feb. I had most of the Covid symptoms, so it's possible I’ve had it too…

I wonder if we’ll hear anything on the BMR front before Xmas? Might be worth setting up another meeting in a few weeks to see how things are progressing.

I still think it would be in JLP’s best interest to buy the Royalty from BMR with an all share offer. Given that JLP are now trading circa 8.5p, they could just issue 1 share for every 2 BMR shares, effectively giving BMR shareholders 4p per share, and the option to hold them longer term for bigger gains. It would be much easier than us having to wait for CB to setup a completely new company and trying to protect the Royalty for us, which could be tricky. I like simple ideas because they are more likely to work. I think it would be a simple solution to a complicated problem.

This Tweet sums up the BMR story pretty well.

https://twitter.com/TheGeorgeRoach/status/1332295464205606912

So it’s not good news that BMR is building a team and looking to relist in the next few months? Back in April you said you’d “accepted that your money is gone” - now you’re moaning that we’ve appointed somebody with very credible mining experience, and you think nothing is happening...

The past is the past, nothing we can do about it, so we now must look to the future.

Sounds like a decent appointment to me. You can't build an empire without having a team in place. Things are moving in the right direction.

"7 October 2020

Bezant Resources Plc

("Bezant" or the "Company")

Comment regarding Zambia media reports on exploration licence re Kalengwa Copper Project, Zambia

Bezant (AIM: BZT), the copper-gold exploration and development company, is aware of recent Zambian media reports questioning the legal ownership of the Large Scale Exploration Licence relating to the Kalengwa Copper Project in Zambia which the Company holds a 30% interest in and acts as operator.

Bezant confirms that it and its directors have not been served with any legal proceedings or restraint orders in relation to the Kalengwa Copper Project in Zambia.

In Zambia mining licences are issued by the Zambian Ministry of Mines and Mineral Development. The Zambian Mining Cadastre confirms the issue of Large Scale Exploration Licence 24401-HQ-LEL to Kalengwa Processing Zone Limited ("KPZ") on 2 April 2019 with an expiry date of 1 April 2023 which covers the commodities cobalt, copper, diamond, gold, iron or, lead, malachite and silver and comprises an area of 974.83 km(2.) As reported in the company's announcement on 27(th) April 2020 KPZ is a 100% (less one share) Zambian subsidiary of KPZ International Limited (KPZ Int) which the Company has a 30% shareholding in."