Member Info for BringMyReward

I don't think we have any corporate legal professionals in BMR Watch, but we do potentially have members that know of some... If these resolutions pass, they will just do what ever they want with the Royalty and any proceeds from it.

3card, here’s the simple answer… When the licence was lost and we got suspended, it became apparent to me that something wasn’t quite right. In the months leading up to suspension, I had spoken to Borrelli on numerous occasions and I posted up what was said to me on here. There was no agenda behind those posts because it was impossible for people to buy or sell at the time, and I didn’t necessarily believe what I was being told, I was merely posting it up for other shareholders to see.

When we were de-listed and Kabwe was signed over to JLP, I knew that it had been planned all along. Thinking back, it was obvious that Borrelli knew we wouldn’t re-list, and it was the plan all along to sign our prized asset over to JLP. Since then I had hoped he would do the right thing by shareholders and ring-fence the Royalty, but once again he is doing what’s best for the Directors, despite telling us that they believe they are looking after shareholders’ interests.

This hasn’t been a sudden turning point for me. I made my opinions known on here after we were de-listed. Since then, I have tried to avoid posting my personal opinions on this board. If you were a member of BMR Watch you would have known a lot more about me and my opinions.

It's a bit late for that now. These are the proposals we are faced with and we either accept or we don't. The outcome will be based on shareholder votes. It usually takes 50% of over all votes to pass ordinary resolutions, and 75% for special resolutions.

There was a plan to ring-fence the Royalty but that has been discarded because they want a listing, and without the Royalty going into the listed company we won't be able to re-list. Even though apparently the Royalty is supposed to be worth very little in its current form. It's not been activated yet so technically no Royalty even exists and the lack of details surrounding the Royalty is shocking.

In the event that we don't re-list, there appears to be no plans for ring-fencing the Royalty either. It will likely be sold off cheaply along with our existing assets and shareholders will be lucky to see a penny in return. I'll give you one guess as to who the buyer of the Royalty will be... Basically this is daylight robbery. What a bunch of legalised crooks we are dealing with!

Nice to see this moving up, can't be too long now before the off-take agreement is announced. It seems a bit pointless trying to guess if BMR have been selling or not. First of all the lock-in agreement would need to be lifted, and would need to be announced to the market. Secondly, if BMR's holding dropped below 4% it would require a holding RNS to be released. Neither of those have happened so safe to assume it is not the case... Better to concentrate on the future news flow which should push the SP higher!

BMR are supposed to get £2m a year from the Royalty, so £25m earnings from Kabwe sounds about right. That's if we ever get to see a penny of it...

Yep 2 sets of resolutions. See below...

Ordinary Resolutions

1 To receive and adopt the Company's annual accounts for the financial period ended 31 December 2018

2 To re-appoint Colin Bird as a Director of the Company

3 To re-elect Antony Royston Gardner-Hillman as a Director of the Company

4 To appoint Crowe UK LLP as auditors and to authorise the Directors to determine their remuneration


Resolutions (*Special Resolutions)

1 To approve the proposed Sub-Division

2 To authorise the Directors to allot shares in the Company

3* To disapply statutory pre-emption rights

4* To approve the Company's amended Articles of Association

5* To approve the name change of the Company to Callisto Resources PLC

All documents are now on the BMR Group website: http://bmrplc.com/publications.php - Accounts are at the top and scroll down to Circulars and Notices for all other docs.

Here are the links to each individual document:

Circular with Notice of GM:
http://bmrplc.com/documents/BMR%20GM%20Circular%20FINAL.PDF

Notice of AGM:
http://bmrplc.com/documents/BMR%20Notice%20of%20AGM%20%20-%20FINAL.PDF

Form of Proxy for GM:
http://bmrplc.com/documents/Proxy%20-%20GM2019%20-%20FINAL.PDF

Form of Proxy for AGM:
http://bmrplc.com/documents/Proxy%20-%20AGM2019%20-%20FINAL.PDF

Reports and Accounts 30 December 2018:
http://bmrplc.com/documents/BMR%202018%20signed%20accounts.pdf

I can only assume that because Vanadium was a relatively new concept to BMR it was never mentioned in financial reports. Either that or AB couldn't be bothered to include it. I doubt it was the latter, as our CEO has been nothing short of brilliant, and has never put a foot wrong.

Further to my message below. If you have not received anything via post from BMR, please refer to my previous post and use the link to review the resolution documents, which gives instructions and states rules of voting. If you are still unsure of what to do, contact your Broker.

Hi All,

Just a bit of information regarding voting if you’re a Barclays or AJ bell customer. This might also apply to other Stock Brokers too.

AJ Bell: I messaged AJ Bell yesterday asking for a letter of representation for the AGM, and for them to vote by proxy for me. They have started drafting a letter for me and informed me that they have posted up a Corporate Action for customers to respond to. This should be live in your account as of today. Use the secure messaging service in your account to instruct them how you wish to vote.

Barclays: By the sounds of it they have not even been informed of the upcoming AGM, but when they receive notification, they reassured me that they will contact BMR shareholders and make them aware of the Corporate Action. In the meantime, you can call them and speak to the Corporate Actions team. You can ask them to vote on your behalf, but be aware, if you are attending the AGM they will tell you to vote there and won’t vote via proxy for you. If you are looking to attend the AGM, just ask them for a letter of representation to allow you to attend and vote on the day. Voting cards will either be sent out in the post or will be provided on the day.

Hope this helps but be aware, if you have not yet received anything in the post I urge you to contact your Broker to ask for copies of the proposals and to ask how you can vote. Check out the link below for documents on the special and ordinary resolutions, as well as the accounts.

https://drive.google.com/drive/folders/1egtGtau4AE_xNA-r0ZHboHhlxMbeR8gb?usp=sharing

The BMR accounts have finally been posted on the website (link below).

How about posting the Circular with notice of AGM too? Perhaps accompanied by a Tweet with the date, time, location etc. extremely poor show when it comes to shareholder communication. Anyone would think they are hoping to keep the AGM under the radar?

www.bmrplc.com/documents/BMR%202018%20signed%20accounts.pdf

The Circular was sent out early last week so if you haven't received it yet you probably won't receive at all. Check Klueloss' posts on here for a link to access the Circular and accounts. Check my recent posts for information on how to vote if you have not received voting cards in the post. It's important that you act fast if you want to vote.

Dear BMR shareholders,

It appears that many of you have not received the Circular or voting documents. I have still not received anything myself so I spoke to my Brokers today. Because my shares are held in Nominee accounts (Barclays / AJ Bell) it’s likely that I will not receive any voting cards through the post.

You either need to send a message/Email, or call your Broker, to instruct them on how you wish to vote. Alternatively you can ask for a letter to prove you are a shareholder so you can attend the AGM and vote in person. I will be attending the AGM in person and I hope to see some of you there.

We can’t advise shareholders to vote for or against the resolutions, you must make your mind up based on your own opinion and personal circumstance. You must act quickly and ensure you utilise your voting right, rather than it going to waste. This is probably your final chance to have an effect on the voting outcome either way.

All the best,
Bring

We've hit a 3 month high today... Long may it continue. I'm a little annoyed with the rise as I wanted to pick some more up at 0.3, but can't complain that we're now moving in the right direction.

it's very doubtful that BMR are selling GLR shares. There is a lock in period for the shares an if this was lifted, GLR would have to inform shareholders.

Not only that, BMR needs to raise a lot of cash for their new Copper asset, and the amount they would get for selling GLR shares at this price would be a drop in the ocean compared to what they need to raise. They will just have a huge placing to raise cash instead.

BBSN recently took quite a dive on the back of their half year report. A similar thing happened to us when we had our half year results in March 2018. We’re a lot stronger now and hopefully the full year results will be good. Coupled with the 3 year plan, this might actually start to fly towards year end and into 2020.

"What does Callisto mean in Greek?

Callisto. fourth moon of Jupiter; in classical mythology a nymph, mother of Arcas by Zeus, turned to a bear by Hera, from Greek kallistos, superlative of kalos "beautiful."

“A bear is an investor who believes that a particular security or market is headed downward and attempts to profit from a decline in stock prices.”

Nice name change for the company lol. First it’s “montezuma’s revenge” now the new company is being turned into a bear (a beautiful bear?) We’re all doomed!

Make no mistake, terms of the Royalty are being thrashed out as we speak, that's why JLP haven't acquired EML yet. They will do so when a deal has been finalised for the conditions of the Royalty.

Decided to do a dummy sell of 2.4m shares, got offered 0.2925, no thanks! But it shows there is appetite for someone to buy them...

The whole idea of not hiving down the Royalty and not mentioning it in these proposals, is so he can strike a deal to sell some of it before re-listing. There's no way we will raise £1.5m or above to fund drilling of the Copper project through placings alone. Investors have their eyes on something else, something that is worth millions... Plans have been in motion for this for months. We're about to get shafted, again!