Member Info for BringMyReward

Good point. Also how come our RNS says the JLP shares will be sold, but JLP's says the shares will be transferred into a nominated broker account? Who's actually going to sell the shares and who's buying them??

Well the guy is Zambian born, from Lusaka. So maybe there is a connection to that company, who knows, the whole thing stinks anyway.

Owned and run by two reverends and a wife? Have we actually just been fleeced by some god loving church goers? Who would have thought a reverend would be interested in owning a mineral and an oil and gas company lol! https://www.linkedin.com/in/michael-lamaswala-85387241/ https://www.facebook.com/michael.lamaswala

Deadline date for the business plan now possibly moved from the 14th to 20th June. JLP are just as bad as BMR when it comes to sticking to deadlines! I don't think we will resume trading until the end of June / early July at this rate.

Don't bother reading it, Eric. Just read this last phrase "significant returns Kabwe is able to generate over a long period of time" lol.

It's probably not as bad as some make it out to be. We sacrifice circa 50% of our JLP shares to pay the bill. Not great but it's not effecting our current cash or future cash from the placing.

They'll go for the subscription. That's the only way to make something out of this. Now the bad news is out the way we might just get another update towards the end of the week...

Actually sounds decent lol "We expect Blue Square's efforts to impact considerably on the Company's ability successfully to bring Kabwe into production and enable realisation of the significant returns Kabwe is able to generate over a long period of time."

If this is a brown envelope payment (very likely) then the next couple of updates had better be nothing short of amazing! The placing will more than likely go ahead. Not sure what will happen without it but it won't be good.

Yeah but it's not a great time to start selling JLP shares. We will probably need to sell half just to cover these fees. It doesn't leave us much to play with in future if it's needed.

It just gets worse with each update. Why are we paying a company $800k? I thought all that kind of work was already carried out by JLP using the $300k they loaned us. Now we are going to start selling JLP shares to pay for these fees. All these extra paymens and fees are starting to mount up!

When it comes to takeovers you have to think realistically. Let's say JLP made an all share offer, firstly BMR holders would need to approve it, that would likely result in an EGM being held. The same would apply to JLP holders, for example if JLP were to offer 2 shares for every one BMR share, that would require JLP to issue circa 500m new shares which would dilute JLP holders, would they want that? Would BMR holders want to accept such a deal? I wouldn't. My thoughts are that an offer would have been made by now if that was their intention. From what we have been told things are going ahead according to the plan. Also when you consider that we have 3 private investors willing to stump up, up-to �2.6m between them, add on the �2m worth of JLP shares we hold, and we will be able to raise debt financing once we start producing, it begs the question why would we need JLP to make us an offer when we can finance ourselves? I'm happy to keep BMR as we are and reap the rewards when we enter production...

If I get my target price I might be able to buy a gold plated sextant by Xmas haha.

Lol, well I'm working it out by using a target price, then I know roughly how many I'll get.

JLP have to complete a construction plan, "decide" if they are going to go ahead with it, and present it to BMR by no later than 14th June. Once that's done the share subscription can take place and then we apply to reinstate trading on AIM. I reckon we might get news by the 8th and then lift suspension by the 14th June. Even if it goes to the wire we're probably only talking just over 3 weeks until we resume trading. Whilst the clock ticks I'm working out how many shares I can buy on readmission...

I also think the SP will go nuts on readmission. However, I'm more interested in seeing how nuts the SP goes when they announce sales of the Vanadium. Might get a Bushveld style rise?

MinorMiner, we've had this discussion before but I'll say it again.. If JLP wanted to buy us they had a perfect opportunity to stick a low offer in when BMR was trading around 1.5p. Any offer would also need shareholder approval and most holders probably wouldn't want to accept it. It could happen in the future but certainly not this year. BMR are already planning a share subscription at 3p with 5p warrants attached. That tells me BMR are currently undervalued and no offer is about to come.

Although you have plenty of negative comments about BMR, it's not stopped you from buying and selling at a loss in the past. Why buy something in the first place if you don't believe in it? I suspect BMR will be back trading in around 3 weeks, and it'll move above 3p pretty quickly. Then you might wish you'd hung on to your shares.

Lol. For my postal order will I receive a sample of copper in the post? Or will MA get confused and send me a stool sample?

I don't know much about it mate. I think it's more of a shareholder force than a BB. You just sign up by Email and probably state your BB name and holding? Not sure how it will help exactly. Surely if we're going to get shafted any further it'll happen anyway lol.