Member Info for BringMyReward

That's the one!

Yes, BMR were desperate hence the deal we got. But I don't think we are that desperate now. Maybe I'm reading into wrong but I don't see any more major issues coming up. As long as we start production by year end, which I'm sure we will, then we can start building some proper value here. There are obviously a fair few here that are skeptical, I can't blame them but I'm pretty sure things will improve from here. Moaning about the past won't get us anywhere. If you want to do something about the future, get signed up to BMR Watch. I'm not affiliated with the site but I'll happily promote it.

I don't know who runs it. There's an Email address to contact the site host if you want to get involved. Could be worth an enquiry...

I think a lot of posters tend do get a little jittery when we go long periods without news. I'm feeling confident myself... How can you be a seller if you hold no stock? Perhaps just say you wouldn't buy instead?

sidebar, I should have put quotation marks on my first BMR Watch post. Those words were not written by me, I copied and pasted from the BMR Watch website. But I've probably said far worse things about Alex in the past lol.

Not spoken to him since last time (May 4th). I'm not going to be calling him for a while. I'm just waiting for the project business plan to be approved. BMR can then go ahead with the placing and apply to have trading restored. The BMR watch website was set up back when MA was running BMR. Have a look on the link below. https://bmrwatch.shutterfly.com/

Do JLP want a bigger slice of Kabwe? You best believe they do! Can we stop them? That depends on how hard AB tries to protect our 'interests'. It seems like he's not tried very hard in the past but I think we stand a good chance. How desperate do you think we actually are? We had a bit of a scare with the licence which I'm sure gave LC a mini stroke, so I think he needs to tread carefully where we are concerned. I don't think he'll try anything underhanded so we just need to make sure we can put up our part of any funding to the project and we should be just fine. If you think JLP are in charge of BMR then maybe read the extract from JLP's JV RNS: "Our immediate next project deliverable is to present the project business plan to the newly formed joint venture company for approval by the board." That statement tells me that they can't just do what they like where the project is concerned, it needs approval by the BMR board. (Kabwe is our asset after-all). Regarding the plant, let's just say that it should be built to the original plan and should be within budget. It's also my understanding that LC is trying to consolidate the build, commission, and production date into one deadline, he's not looking to push the production date back.

Interesting update on the BMR watch website, who is behind it and what makes them think we can stop AB from giving more of Kabwe away? I get that management have failed us which has led to us losing 40% of future projects, but what can we do to prevent another 10% going into the hands of JLP? It'll be interesting to see the significant shareholder register after this next placing. I have a feeling that we will have some large private shareholders that will probably want some sort of board presence/influence in the near future.

Is BMR Watch needed again? Have all you naysayers and critics of BMR Watch learned your lesson I wonder? What transpired with Alikhani was criminal - there is no doubt.... and we laid down because of the imbeciles who thought to do nothing was best. We tried to bring Borrelli under the oversight of shareholders but were defeated by those very same imbeciles who wanted to do nothing. Well, look where doing nothing has got us. We have now been totally raped by Borrelli, by incompetence or by design. So, who now thinks that we should leave this self interested buffoon in control of our company? Surely no one! Should we shareholders try and protect what little is left? YES is my answer. The original purpose of this site was to unite BMR shareholders into an alliance, the primary aim being to protect all shareholders investments in BMR. That still stands true. Borrelli has proved himself totally incompetent or simply on the gravy train of AIM. It's time for shareholders to work out how to be rid of this self interested fake. These are the original goals of the alliance : - Give shareholders a voice with the Board of Directors. - Strive to protect shareholder interests. - Be a resource for pertinent information. - Motivate all shareholders to be proactive - voting on motions at meetings etc. I am at a total loss as to why some shareholders (perhaps nothing more than paid detractors) found those simple goals to be such a threat that their subversiveness, divisiveness and abuse towards BMR Watch knew no bounds. Having experienced what Alikhani and Borrelli have done, I think it is obvious that shareholder oversight and sanity check of Directorship decisions is a pre-requisite before investing in any AIM listed company. What is it going to be? Revolution or Capitulation?

I agree with TeddyMoore. I can't see them buying in if they didn't believe we are going to do well. I don't think they are doing this just to prop up the SP. They are just buying shares now whilst they are cheap.

Directors seem to be loading up here slowly but surely. It gives me a little more confidence.

Yes definitely. Also if SZ turns out to be massive, they might just end up selling the whole lot. It'll be interesting to find out the rest of the drilling results... Watch this space a?

Well I think you might be disappointed on that front, who knows. BMR will process the WPT first as it contains the highest grades of Zinc. They won't bother introducing SZ ore until A: They optimise the plant, and B: They have expanded it to allow for extra ore from SZ to be introduced. I would be very suprised if they started adding it as early as this year. But Good luck anyway, I hope they do.

MinorMiner, what I said about the dividends was a throw away comment. Of course I'd expect them to pay dividends at some point, but we're probably a long way off just yet. To give you an idea of timescales for SZ. In December 2016 BMR said it planned to start mixing the SZ ore with the WPT in late 2018. Back then they said the plant would be completed and commissioned by mid 2017. Obviously none of that happened so it's back to the drawing board. I can't see them needing the ore from SZ until the plant has been expanded. They have submitted plans for a 5tph plant which won't be complete till year end, then they need to expand it. So I reckon it'll be mid 2019 before we need that ore. Like I said, they won't be that desperate for it, we only own 15%. Of course the plant will be functional without the SZ ore. We have around 6.3m tonnes of tailings to process at Kabwe.

I'm sure GLR will do well out of Star Zinc either way you look at it. BMR only own 15% meaning that they won't have to put up too much cash towards the project. It's also my understanding that GLR have kicked off an 18 month drilling programme at SZ which they have to fully fund. That means there is over 12 months to go before BMR have to put up any money towards the project. By then they will be making money out of the Kabwe project. I wouldn't say BMR needs SZ, there are enough tailings to go at for the next 20 years even with a decent sized plant. I'd say SZ is nice to have as it will enhance the Zinc grades nicely. So the question is, when will GLR start to benefit from Star Zinc? BMR certainly won't need the ore from there for another 12 months at least.

MinorMiner, nice theories on BMR but I'd say you are way off the mark. Let's take a look at some facts; with a 5tph plant at Kabwe we would produce 2,300 tonnes of Lead, 15,000 tonnes of ZSH, and 450 tonnes of Vanadium. Now sell all that lot at today's prices and it comes up to an eye watering $35.6m! That's just a small 5tph plant. So given that JLP know all about the huge potential here, why haven't they bought us out already? Why would CB buy 2.5m BMR shares for them just to be transferred back into JLP? Why have JLP taken 29.01% in BMR and signed a JV for 40% of those profits? I'll tell you why, because they either don't want to buy us or they can't buy us yet due to the Zambian Government. Now if they want to buy us once the plant is built and producing it's going to cost them a huge amount, and they would need the votes of the remaining 70% of holders, and majority of those shares are sat in PI's hands. You're also aware that a plant needs to be built by the end of December 2018, so how on earth would they build a 100tph processing plant within the next 7 months? They will only just manage to get a 5tph plant built within that time frame. As for the 3p placing, are you aware that this is private BMR shareholders putting over �300k in each (�860k each if they take up the 5p warrants). So your zero chance comment is way off the mark too. Also JLP don't get 57.4% of profits, it's a 60/40 split. The 29.01% they hold in BMR PLC does not entitle them to any further profits, only dividends if BMR ever pay any.

I hear ya, but this time I can't help but think "this time we will make it" lol.

I agree, best not to jump the gun but I'm only surmising based on what I know. Nothing wrong with a little future planning. Let's hope things turn out even better. As you say we have no control over what happens so it's a case of hoping things go to plan! All the best guys.

Realistically we could be producing at 10tph+ by mid to end of 2019. It shouldn't take long to expand the plant. Trying to predict the SP is tough. We could hit 20p this year or it could take till the end of 2019. It depends what happens but assuming we are producing Pb, Zn, and V with a plant capacity of at least 10tph, I'd say we have a very good chance of reaching those highs at some point.

The value of metals in our tailings is huge. Take the WPT for example, we will be processing these first. I calculate around �20m worth of metal sales in one year from Lead, Zinc, and Vanadium. That's only based on the 5tph plant. Let's double that to 10tph (�40m in sales per year) after stripping out costs, JLP's share, and taxes, it would leave us with around �10m profit which could give us a MC of �80m, this gives a SP of around 25p based on current shares in issue. So the potential here is great. As you say, a few years from now we could be massive. Just look at BMN, 6p to 22p in 6 months. They are selling V which is why I'm looking forward to V sales for BMR.