Member Info for EricDraven

Good. Hopefully the prices will have to increase. Decent start to the week. Let's see if our ball keeps on rolling.

Lol.

I mentioned the other day just a few areas in which I feel he'd made real errors, and I'm no genius, so many other shareholders will have noticed pivotal points leading to the situation in which we now find ourselves. JLP may be processing the tailings, in time, but Alex has handed them virtually everything to effect this process. I'm not sure how he can justify saying that he's done ok for us really. It boils down to lack of timely funding, which in turn led to he other problems. Maybe though, even our supposedly superb proprietory processing method was actually poor in reality. Sulphuric acid costs aside. I have to admit however, the rise in prices there being terrible luck.

My belief is that Alex simply has far too many distractions, with his other active appointments, and he hasn't the necessary ability to juggle all efficiently. Of course, in his own mind he has.

Anyway, this royalty is all we have left. Where's the circular?

Alex may or may not currently be taking a wage, but of course, we are in this financial position because of his management of our affairs, or lack thereof. Too many fingers, too many pies. If BMR had been his only source of bread and butter, he would surely have given BMR his utmost focus, and we'd be in a different position now.

Or perhaps not. Lol.

All in my opinion only.

Cheers guys

Many happy returns Pocko.

Aye Bob. Or another fundraise in the 5s when we are nearing or exceeding 7. Need some positive momentum now, no pullbacks. Best of luck to us.

Thanks Sooz. :-)

I suppose he has been paid a wage by us, so he won't have lost out like we will have, if things get worse. I don't have another answer 3card. It's just been a very bizarre chain of events.

Yes, it's been around for a while Troaj. I first spotted it when it was 3.5p, but didn't buy in at the time. Groan!

Been waiting six years for a concession decision. Blimey.

Not funny really. None of my investments have brought me any joy yet. Lol.

Cheers Troaj. Kurt reckons the Swe-Gov is giving our concession app priority and he feels it is reasonable to expect a decision on it before summer.

No, the Finland and Kosovo projects are both early stages.

Kallak is proven and just waiting to be open-pitted. Mined like. Lol.

Another nightmare share, but different case. Great asset, good company, smashin' guy in charge, just let down by Swedish bureaucratic ineptitudes.

But it should, I hope, come good in the next few months.

Ka-Pow!

Good post. I've nothing to add to that Bring.

The circular must surely be out this week eh? Lol.

Best of luck to us all.

Aye, Kabwe is still a mess. The toxicity remains. Alikhani and Borrelli haven't been able to tackle the problem. Millions of pounds of shareholders' money lost in the process of course.

MA and Bozzer. Blimey. I wince.

Troaj, yes we did, no fault of our own. I haven't traded ever, that's why I'm still in a pickle. Another lesson is never to trust other people with your money, and never rely on official RNS news as being the absolute truth, e.g. Alikhani.

On we go. I'm skint currently, still waiting for Beowulf, then I'll probably just cash out and watch for a while, but good luck with WRES. I'll certainly be keeping an eye on JLP.

Let's hope Borrelli doesn't fook anything else up. Like the royalty for shareholders. It must be retained, or BMR holders will have lost everything they had under his tenure.

Doesn't read well.

Cheers Tro.

Good point re the lease, but at the time I believe we could have afforded it.

Of the two, GLR and JLP, if JLP is the safer option, I'd take that all day long. The safer the better.

I've had enough of this chapter in my life really matey, the ravaged by time Kabwe years, lol, so just looking at it all from a passive income aspect now. My investment won't be recovered, ever, but a little of it back each year from a royalty is better than nothing, and I'll take it.

Cheers Troaj.

Hi Earn. Yeah, not sure whether Vale was only talked about by us shareholders as another option for the Company. Maybe wishful thinking really, that either Vale or Glencore might buy us out. Something like that, if I recall correctly.

Can't remember any official Vale connection, and I'm not trawling back through any more old RNS releases. It's too painful. Lol.

Fingers crossed that JLP can get the plant up and running, then we can hopefully see a return, via the royalty. Better than nothing, especially after all the time it's taken.

We are where we are Earn.

Good luck to us.

Then, shortly after, we decided not to bother. Lol:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMR&ArticleCode=7fck7sr3&ArticleHeadline=Land__Equipment_Lease_Update

Troaj, I was slightly wrong re Sable. We were going to use their land, equipment and sulphuric acid facility. But building our own pilot plant on it.

Here's the RNS:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMR&ArticleCode=gz47plc0&ArticleHeadline=Land_and_equipment_lease_agreement

That's incredible. Sorry to hear about it, but I can see then why you give Birdy a break. Fair enough Troaj.

You've made a good point there regarding the affordability of the Sable plant, I can't remember if we were going to lease it or not, but over the last decade BMR has raised millions, so maybe we could have afforded it. Either lease or purchase. The decision was made to build our own plant though, based on our proprietary process of production, which obviously hasn't come to fruition now. Pity, and the rising price of acid treatment didn't help our cause.

Sorry you lost out in those other shares, but maybe Birdy will bring you luck from hereon in.

I'm not in either GLR or JLP, but not sure if it's worth it now, in view of the painful lessons learned from just holding long-term here.

Best wishes.

I'd like to know if we'll get this royalty ring-fenced though. At least it'll be something.

Yes Troaj. We even looked at the Sable plant too, then ruled it out.

It's all been allowed to slip through our fingers matey.

Hi 3card. Yes, hence why I did say "perhaps". I'm not saying it was, it isn't a fact. Merely exploring that anything is surely possible, in view of such a dire performance on behalf of BMR shareholders. It's the worst state of affairs I've ever seen anywhere. Anyone who may be looking in on our story would possibly ask; "How can a company that had so much going for it fail so spectacularly?"

Just a few points then. We had the lack of fundraising and continual reliance on ACI, for over a year; who we actually paid, lol, and who came up with absolutely nothing! Why didn't Alex raise funds against our JORCed assets, a month or two after ACI failed to cough up? No timely intervention occurred. Then the licence slippage, Alex not informing shareholders that we'd even received the warning of possible revocation of licence. A massive mistake not to do so, in my opinion. We also had the tweet of good progress being made at Kabwe, which wasn't the case. Only marginal progress and slow at that. Then we lost the licence. Blue Square popping up out of nowhere to boot and we suddenly having to stump up wads of money. That one was a killer. The final deal with JLP also coming right after our removal from AIM, which definitely meant we had no say in it. JLP taking over our business operation. So difficult now for shareholders since our AIM delisting as well. I don't like that we are no longer bound by those rules. Rules that protect shareholders.

All in our interests 3card? You tell me.

It's staggering. What is a fact, is that Alex's communication with shareholders has been abysmal. We've been kept in the dark, moreover, away from crucially important information that he had knowledge of, said information only being released once matters had come to a head.

This has been a bad investment, the polar opposite of what it should have been.

So sad 3card.

This circular better be good. If it ever comes.

Hi Rosie. No, not at all, and I'm not doing.The blame is to be squarely attached to Borrelli, and Alikhani before him. They have both been shambolic and while we've been under Boz, Birdy and Leon simply saw the opportunities to take advantage of what we now know has been terribly weak management, perhaps purposefully weak, or at best inept, the performance of which contributing towards placing us in financial peril with the failure to secure timely funding. Then came the swoop for our assets while we were flagging.

We know the rest. BMR holders continue to be treated extremely poorly by Borrelli, with minimum communication from him since our Company's demise from AIM.

Rubbish state of affairs Rosie.

Meanwhile, we still await this circular.