Member Info for EricDraven

Yep. He can't say the news is that there is no news. Lol. Nor can he say that he knows of no reason for the slide in sp. We know the reason. People not holding their nerve because the Swedes haven't given us a date. It's a battle of wits, unless e nee the money out for something else. Though as we also know, our case won't appear on the public agenda, so some of us are risking being out when the news does come. Good or bad. Well, I don't want to miss it. It's like waiting for another eclipse. Lol.

Many of us have ridden the storm of the 1.2p days, so thinking about that kind of resolve shown previously should surely help with any fidgeting now.

In my view, me 'andsome.

I still feel that the royalty info should have been emphasized in the circular (that I didn't receive, lol) and not just shoved into the Annual Report.

Anyway, I can't trust Borrelli or Bird, so have voted accordingly. I don't believe they have ever ably represented our interests, and I can only see this continuing. Based on all evidence to date and the awful position we are now in, a position precisely because of the decisions taken by them so far.

Night.

My mistake. I see that the royalty is mentioned in the Chairman's Statement on page 10 of the Annual Report. So it isn't being ring-fenced. Sweet Jesus. If we don't relist though, then surely it can at least have a chance of being ring-fenced, instead of this future revenue being swallowed up into the Chilean melting pot.

I'm just about done with this crap now. Lol.

Good luck to us.

I have voted against all proposals except for the one where we see the accounts. I never did receive anything via the post from BMR, but contacted my broker, Interactive Investor, and was able to vote online.

What I picked up on was that the intended split of shares into ordinary and deferred shares is simply due to the "idea" that our ordinary shares are not currently worth their par value of a penny. But why they aren't is not explained at all. I don't find this acceptable. Also, if they aren't, my biggest problem is that the deferred shares and not the proposed new ordinary shares are to be valued at 95/100 of a penny, our proposed new ordinary shares only deemed to represent 5/100 of their former par value status of a penny. A twentieth. Why isn't it the other way round? Notably, the deferred shares can also be dispensed with at the drop of a hat. Taken off the table, without any shareholder intervention. It doesn't sit well with me, any of it, so I'd rather we didn't relist and, of course, be open to then potentially flooding the market with up to 3 billion new ordinary shares at this heavily reduced value per share, in order to raise up to £1.5 million. (Resolution 2 mentions).

Unless I am wrong. And just why is it that the proposed value of a new ordinary share is 1/20 of its former par value?

Crucially though, the royalty has not been mentioned anywhere, and it being so vital for existing shareholders to preserve, Borrelli knowing this too, I feel he has simply neglected to inform us of his intentions in this area, purposefully. To me, and this is only my view, I believe the royalty money will be frittered away from us, used on the new venture and/or other projects.

So I've voted against the proposals, which, I feel, are more shocking than if we don't chase a new venture, issue billions of new shares and spend yet more money, including possibly the future royalty cash.

How much would our holdings really be worth if we relist?

The royalty can be ring-fenced now and we can receive a future return. BMR placed on care and maintenance only. It isn't beyond the realms.

Only my thoughts.

Good luck all.

Fair comment Pocko. Yes, it is quite hard to believe that the Government is doing anything at all with our application. Lol.

But surely.......

Yes, it's the first loaf this time around, though many loaves have passed through Swedish fingers, without comment.

:-(

.....commencement of....

Pocko, too true.

Meanwhile, radio silence from Kurt. Something surely has to be happening in the background though, to justify the lack of any further information given to shareholders since the commencement our priority period.

Lol.

Hasty, we've already been waiting nearly six years and four months. The various authorites in this supposed permit process have been shuffling about our application (and we've also obliged with questionable hoop-jumping) for that long. But why should we now be waiting until something else pops up that ultimately can be loosely used by the Government to defer the decision? I say this because we've apparently been informed that the Government is prioritising our application, in acknowledgement of the already excessive duration of this permit stage. This some four months or so ago now, itself a shambles, but "priority" would surely be a complete lie, more nonsense, if the Government drew our particular case out until the end of September.

Only my view Hasty.

Best regards.

Sooz thanks for your kindness.

Nighty night. x

The pursuit of justice and fairness is never a waste of time nor money.

In my opinion.

Let's see if the Swedes can deliver a decision before Autumn. I want Kurt to do something different if we've not heard anything from the Government by then. I don't have the luxury of a low average, or the funds to buy more to lower my average, so this is becoming a difficult investment to stomach for me now. I feel six years, three months and counting, is a wholly unacceptable time to have waited and still be without a date for the decision. It is incredible really.

Anyway, best wishes all.

Thanks for your responses guys. It seems then that BMR can't even arrange for its own broker to ensure the issuance of the circular to all shareholders. I find that a disgrace, that some of us are still waiting, and, also, those actually in receipt vary as to whether they've received all documentation or just partial documentation, e.g. only the voting forms and no further supporting information.

So Klue, thanks for supplying us with the appropriate full info.

I'm lost for words.

Anyone else still not yet received the circular and voting forms? I haven't yet.

Klue, I can see the royalty being swallowed up and lost into the new project. This effectively means that Kabwe would really have been handed to JLP for nothing in return for current shareholders. I can't see how we should just be expected to forget about our $2 billion asset in Zambia and start afresh chasing something as yet unproven in Chile.

The royalty must be protected, the percentage left as it stands, and I'd rather we didn't relist at all to protect what we have at the moment, if relisting means that the subsequent dilution will return nothing for existing shareholders from the Kabwe project.

Only my thoughts.

Best wishes.

Sooz, you have helped me a great deal with this over the years too. I will always appreciate that. x

Hi Sooz. Fair comment. I was not thinking of you actually when I made those remarks, because I know you've had your ups and downs with this. We have both held on throughout though, regardless. I think that is to our credit. I would say that your posts are always thoughtful and I like that. Some on here though, they make only short statements, without backing up what they say by way of a reason. It is such laziness that I don't care for. The projected impression often being that this investment is a breeze, when it has really been nothing of the sort. In my view Sooz.

Yes, I spoke with Kurt a few months ago and I feel you are right, the nuclear option is a last resort. I merely wish for more pressing, if no date and no decision by Autumn,. If we are still being treated to an information vacuum from the Government, let's push to get a date. Waiting with our application supposedly now in a state of priority, but without a date for such priority to conclude with a decision, is just plain mental.

Lol.

Sending you an e-hug.

Afty aft.X

Sorry for my being a little vulgar, but I'm uncomfortable with the apparent ease with which some are, in my opinion, too accepting of our unfortunate situation. Moreover, I'm not exactly chuffed to be 60% down on my investment after some nine years involved, so no, I don't want Kurt to keep waiting indefinitely to see what the Swedes may or may not throw his way. End of summer is my deadline, and if we are still without the decision, or a date for one, I'll be wanting answers from him to some questions he may not like.

I believe that to be reasonable and fair.

Best regards.

Best regards.

Yet instead we've so far waited six years and three months for a permit, and it still isn't given. Priority for our application is now some three months in and counting.

I'll say again then, we need this decision before summer draws to a close. Alternative action from Kurt should otherwise be a primary consideration.

Never mind this patience nonsense. We've had the pi55 taken already.

Fireball, I am bleeding from the eyes after reading that. I wonder why Revelo can't fund it themselves, or why Antofagasta hasn't swooped, if it's promising? Moreover, where is the money coming from? Perhaps the mysterious Blue Square is giving us our dosh back to set the new ball rolling. Lol.

I must await this circular, then decide if this shiny new thing is something that we can get our teeth into.

Like a Kabwe asset, for example.

Oops!

It's disgusting Pocko. Our supposed priority period is now also looking like a fob off at our expense. We need a decision while summer lasts, in my opinion, and if it doesn't arrive during this period, Kurt should be questioned as to just what he intends to do in order to prevent further erosion of our Company's wellbeing at the hands of Swedes. Repeated fundraising year upon year on the back of no progress whatsoever should not be an acceptable norm on any project, especially if an application process has been stretched beyond what is reasonable and fair.

August this week. Let's have some news then eh? Lol.

Cheers Pocko.

Blimey. Double trouble.

Apologies.