Member Info for BringMyReward

The above date is when JLP first signed a JV deal with BMR for a 40% share in Kabwe. We are now fast approaching 18 months since that announcement, and have JLP even laid a single brick at Kabwe? I doubt it.

Some say the licence was revoked due to BMR's lack of activity on the Kabwe project, yet the whole of 2018 just went by without any progress towards building a plant. Crazy!

I echo your thoughts... $800k to Blue Square to get the licence back which was ours in the first place, and the licence will no doubt end up with JLP in the coming months... They still have to pay us a Royalty but do they really want to do that? The only way for JLP to get rid of the Royalty is to buy it off us. With Borrelli freely giving away our assets it wouldn't surprise me if JLP are already lined up to buy it, cheaply of course.

Leaving BMR dormant and waiting for money from the Royalty would be our best bet, but Borrelli has other plans and wants to re-list. What happens when that company starts to run out of cash? Will the Royalty be sold to save it? Will JLP prolong the Kabwe project to prevent us from ever receiving a penny? All valid questions I think!

It wouldn't surprise me if Borrelli continued to sell our JLP shares cheaply. However, I know some of the shares are still subject to the lock-in agreement, whatever that agreement may be!

Cheers Vig. I wonder if he will call an AGM for the end of this month? He did tell you that he would call a meeting for all shareholders and announce his proposals for the business. I believe last year we held an AGM on 31st Jan.

I'll be contacting his shortly through BMR Watch and will let you know what the plans are regarding a shareholder meeting.

Happy 2019 All!

You don’t need me to tell you that 2018 was a bad year for us BMR’ers! But the flame is still alive, perhaps with Borrelli and co trying their very best to extinguish it.

In 2019 we must ensure that shareholders take back some control over the situation, so that we have the best chance of growing, and maybe even getting a return on one’s investment. It all starts with protecting the Royalty. Even if it takes JLP another year to get the plant up and running, the Royalty is the key to unlocking value for shareholders.

As some of you will know, BMR is my very first investment, perhaps it’s one reason why I became emotionally attached, rightly or wrongly. My main aim in 2019 for BMR is to see us re-list, so that shareholders may trade in and out, and to ensure we do the right thing with the Royalty. This can be achieved via a meeting with the BMR Directors, through BMR Watch, and I also hope to see a meeting extended to all shareholders so that anyone may attend.

Happy New Year to each one of you, all the best in your investments/trades throughout 2019, and more importantly, I wish you good health!

Cheers,
Bring

Check out his LinkedIn page. You can see he's down as running two companies, BS Minerals and BS Oil & Gas. One of his interests is the First Quantum page...

https://www.linkedin.com/in/michael-lamaswala-85387241/

Also note the BS page on LinkedIn. It has a registered office in London, 288 Bishopsgate, EC2M 4QP.

https://www.linkedin.com/company/blue-square-minerals-limited/about/

Just looked at Blue Square Minerals on Companies House and they own 95% of Blue Square Minerals Zambia. It's possible that this is a subsidiary of First Quantum that holds licences or it could be a separate enterprise. Either way, Michael's father is the driving force behind their Zambian operations.

Hi Vig, I believe Blue Square is a company that is registered here in the UK but doesn't actually appear to have any operations in Zambia.

The only connection to Zambia that I could find is Michael Lamaswala's father, Kwalela Lamaswala. I was told by Borrelli himself that Michael's father is behind a company called First Quantum Minerals and he's the one that would have connections etc within the Zambian Government. First Quantum owns a copper mine in Zambia amongst other assets. The company "Blue Square Minerals" would have been used to receive payments, possibly just a way to get the money into the UK without paying too much tax?

If you want to investigate BS, I would start with the UK registered address, and perhaps try to make contact with Michael Lamaswala.

Tonight @ 07:30pm on CH4. Tells the story of an incredible extreme weather year through first-hand accounts and eye-popping footage filmed by those caught in the eye of the storms. Tern TV.

There's got to be a reason for Borrelli delaying the accounts by 6 months, and you can guarantee it's not for the benefit of shareholders.

When BMR Watch had a meeting with him, he told us that the amount BMR received through the legal case will be published in the next set of accounts. It seems he's reluctant to give an exact figure of what we received, but I think the real reason for delaying the accounts is to do with the payments to Blue Square, and perhaps hiding our current cash position.

We first sold JLP shares to cover the initial $500k payment to BS, and we were then supposed to pay six monthly instalments of $50k ($300k) to make $800k in total to BS. Those $50k payments should have been paid by now, but apparently the proceeds from the recent sale of circa 15m JLP shares (£400k) was to mainly settle the debt to BS. Most of the remaining JLP shares are subject to lock in arrangements but when they are sold, there will be no notification as we are now below the notifiable level (3%). It seems that all the money paid to BS has been funded by selling JLP shares, is there a reason for that? Leon claims to have supported in getting the licence back for BMR, so is Blue Square one of his connections?

What's to stop Borrelli from selling the Royalty to JLP for peanuts to fund these acquisitions he's talking about? Or he could just decide to return a few quid back to BMR holders and shut the company down, that way he would never need to publish the accounts?

Lots of answers are needed and BMR Watch will be requesting another meeting in January. If he fails to arrange a meeting he will face the consequences.

If you look at the house on Google maps, it looks like it was having the loft renovated earlier this year. It was no doubt funded by BMR shareholders through his take home pay.

lol - he looks like a "chairnan" in that video. Xpediator is probably another con company, especially if Borrelli is involved.

I'd pay good money to watch VIG chase Borrelli down Dukes Avenue. I'd pay a bit extra for VIG to say to Borrelli "put your dukes up" before landing one on his wig.

Hi Vig, yes, we both meant YACHT.

When Troa says "W" he means WRES (W Resources).

haha, the guy can't lose really. If he falls out his yatch he'll be swimming in money. Us investors will be left with nothing.

The might W is doing well - sure winner for 2019

Will we get updated on the 2018 accounts by 31st December this year? Maybe, but Borrelli has extended the accounting period from 30 June 2018 to 31st December 2018. Meaning he might not have to release financials until Q3 next year. What is he hiding?

Probably hiding the fact that our financials aren't as rosy as he makes out??

Well done on the letter to Borrelli. I think it compliments the one I sent him nicely.

You can download the Amazon Ebook for free if you sign up to a 30 day free trial of Kindle Unlimited.

I might give it a read over Xmas...

lol. I can just imagine Bozzer in Waitrose, shopping for his special shampoo, with Jeremy Hawke pushing his shopping trolley. Out pops Vig from behind and wraps his wire arms around the old Weasels neck (Mike's words).

Jeremy makes a dash for the exit, still thrusting the cart full of shampoo's. The old timer collapses before he makes it out. He lays on the floor mumbling words like "ACI", and "Blue Square".

Meanwhile, Bozzer has collapsed to his knees. Short on breathe, he makes a feeble attempt to grab a large Aubergine off the shelf, but it slips right through his skeleton like fingers.

The End

The trolls are gathering - BMR news must be close.