Member Info for BringMyReward

Hi Vig, thanks very much. Have a great Xmas and New Year, I hope 2019 will bring about some returns for shareholders.

Merry Xmas and a happy New Year to all on here!

That's old news mate. It was announced by GLR on 13th September.

It still hasn't gone through yet. I suspect GLR are waiting to sign a deal with JLP regarding Star-Zinc, and I suspect JLP are waiting until they acquire the plant, and that everything is ok with the licence going into the New Year...

I suppose we're all waiting on JLP where Kabwe is concerned.

I'm honoured to make it onto the list at number 76, even though I've only posted a handful of times since being invested lol

You got called a low life because you are constantly calling me out to be a fraud when it's not true.

Do something constructive and join BMR Watch, contribute, and find out just how much I and the Committee have been doing behind the scenes.

by the way, I have only been posting for around 2 years, but I have been invested here for around 7 years.

Vig, you don't have anything to prove on here. You only have 3card doubting that you are genuine, along with a few other low life's that post on here without even being invested in BMR.

Just ignore them.

I don't know why you feel the need to accuse other of being phony, perhaps you get some sort of a kick out of it.

Although I don't have access to the share register, I have it on good authority that VIG has proved his shareholding and it is substantial. I also believe his corospondance with AB is genuine.

As for myself, well, just register with BMR Watch and you will see I'm no phony. You are attacking the ones that are trying to make the situation better.

I think I can speak on behalf of the Committee when I say we're not happy with the selling of the JLP shares, it has raised more questions and concerns.

We are in regular contact with AB and are getting responses. We feel that we need to have another meeting with him and make sure the business is being steered in a direction that starts to benefit BMR shareholders.

I'm not prepared to post everything from BMR Watch onto here. Those with access should mainly keep an eye out on BMR Watch for updates.

JLP will make hundreds of millions in earnings from Kabwe. BMR shareholders should be entitled to benefit from this through our 11% Royalty, it was once 100% owned and funded by BMR shareholders.

We can't allow JLP to take that last piece of the pie from us. It's our right as shareholders to step in and protect our assets if we feel they are at risk.

We all know he plans to sell our "11%" Royalty to JLP, possibly for just a few hundred thousand pounds.

It's time shareholders stood up and took action before we lose our 'very valuable' Royalty!

Time to sack Borrelli?

That would be Boztastic!

Don't worry folks. We still have 15m GLR shares to come our way. They've only dropped 40% in value since the deal to sell 15% of Star-Zinc and give away Kashitu was announced.

Thanks for letting us know, Vig. Keep the pressure on.

I believe BMR held 34m shares in Pershing. The sale was for 44m. Looks like Pershing has disappeared from JLP's shareholders list.

It's doubtful that the 44m sell was BMR, however, there were some other large sells so it's possible he could have sold the majority of our JLP shares.

Cheers Eric. We are supposed to be listing back on LSE through a standard listing. Bozzer plans on using existing cash plus dilution to make one or two acquisitions and bring us back to market. I think dilution could be around 50%.

I’m not really counting on the re-listed company to get my money back, it’s all about the Royalty and I’d like £25m minimum considering all the crap we’ve had to go through. I think it’s important that we do re-list though, as it should give us more shareholder protection. It’s also very important that shareholders have a say in when the Royalty gets sold and how much for, which could be a fight that takes place in 2019. Watch this space…

Hi Vig, yes I would hope that we get more than £25m for it but whoever buys it has to take on certain risks. Political change, metal price fluctuation, etc. Although I suspect metal prices will remain favourable in the coming decades as our resources on this planet are finite and they are depleting.

As for the timing of the sale, who knows? I’d like to see JLP producing as of April/May next year like they said they would. Then hang on to the Royalty for another 12-18 months, sell up and return the money to long suffering shareholders!

Just watched the presentation and I thought it was pretty awesome!

I don't know how people find the time to argue on here, I'd be too busy buying WRES shares if I had the money :D

Apologies if this has already been posted up but here is a link to YouTube for the TP investor evening from December 10th.

https://www.youtube.com/watch?v=DZIhjcqJuSo

True Eric, we were also badly let down where financing was concerned, again, was it all part of the plan? Did JLP’s involvement start long before they even signed the original JV deal? They must have been sniffing around BMR, carrying out due diligence, around the time we were waiting on money from ACI... How convenient was it that ACI never came through with the money??

It’s a shame things ended up as they did, perhaps we shareholders should have took action sooner. If it wasn’t for the licence being revoked it would have kept us in a stronger negotiating position so we could have maintained the 60/40 deal. What annoys me, is the fact that we had to fork out $800k to get the licence back. Borrelli will probably say that it was worth it and the 12.5% is very valuable, but it’s just a drop in the ocean of what we should have got. Anyway, it’s all history now and unfortunately nothing can be done.

By the way, if we got £25m from a sale of the Royalty (I’d hope for more) it would equate to about 7.5p per share which could then be paid to shareholders as a special dividend. I know many here have an average SP far in excess but we are only going to get a fraction of what we should have had, we all have to accept that. The added bonus is that we will also have the same shareholding in the newly listed company. So I’m told anyway!

Why would we team up with JLP? They don't care about shareholder value for BMR holders. They came for Kabwe and they got it. I believe they only took a 29% stake in BMR because 1. It would help them take control of BMR if need be, and 2. They will now benefit not only from the 12.5% Royalty that is being hived down, but also in the newly listed BMR in 2019 (but mainly for the Royalty).

JLP will no doubt be wanting to buy our Royalty for as cheaply as possible. Well, based on JLP production forcast figures, I'd say the Royalty is worth at least £5m per year in revenues for BMR. That would be £5m a year for 20-25 years, including any other ore that is introduced to the Kabwe plant from other projects like Star-Zinc etc. So they can buy the Royalty if they want but I think BMR holders would want £25m minimum for it, which would give me a very nice return based on my shareholding in BMR.

Yes, it was probably all planned out from the very moment JLP got involved with BMR but we can't prove that. However, BMR were always going to struggle getting a plant up and running, and without another company stepping in we would have lost the licence and probably all of our money along with it.

I'm sure a lot of investors have lost trust in him, but we'll just have to wait and see what kind of deals he pulls off and what the situation is like after we list back to market. You never know, it could work out well in the end.

We have some concerns surrounding the Royalty but BMR Watch are addressing the issue. We are aiming to get further clarity which will provide assurances for shareholders.