Member Info for EricDraven

It's only 100% certain in your own mind lb. You can only support that statement, based on "past" non-events. Lol. Not even you can know what may happen under the new government though. In all fairness. If the application.is with the Government as well, then it has to be on an agenda. Not saying when, but it's there. Unless it has been conveniently lost! Lol. It's also very much on Kurt's agenda, and ours. That said,I too feel that April seems a stretch. But I can't be 100% sure of it. :-)

Hi Bob. Short of taking legal action, what more could Kurt have done? Nor do we know if he plans to take legal action, should the new government fail us like the previous and indeed interim governments have. I'm trusting that he will have an alternative plan, other than what has been the detrimental one of waiting, without any date for further movement on the application. He won't be able to rely on shareholder support I feel, should our struggle for this licence continue along the same lines. That said, Kurt has clearly not been sitting idle, so I believe that awarding the options now is no big deal. The number of options awarded is not unreasonable either, in my opinion. You obviously disagree though, which is fair enough. What we don't know is if Beowulf will be the subject of an offer. Hoping so. If not, then I should say that only a minority of shareholders would be willing to stomach another year like the one we've just had here, if there's no movement or timescale for movement on Kallak. I trust Kurt must be aware of that too. That our support only stretches so far. Many of us will need to see a course of action from BEM over the Kallak problem, should the new Government also oversee comfortably a lack of progress in its dealing with the application. But there's always the Kosovo project. Lol.

I feel the option price was fair. That's all I'm saying. It isn't anything sinister because the options weren't given at say, 20p. I feel the premium for the options based on current sp is quite normal. You do make a fair comment though about it being around only half of my break even mark. I'm seeing how the land lies at the end of Q1. Atb.

7.35p lb. It's a decent premium to today's price. No drama, so no reason for you to attempt to create any.

I missed that one. Must have been a beauty. Lol.

Good points. Had we known prior, the possibility of having to shell out such an amount to Blue Square, then I would suggest there should have needed to be a more detailed explanation of the service to be provided. We still don't officially know exactly what BS did, to assist in retrieval of the licence. Neither do we know why the licence hasn't been suspended again, due to JLP's lack of progress at Kabwe.

Nothing appears to have favoured BMR shareholders really though, and we must remember that ZEMA approved the processing of lead and zinc using our own proprietory methods. Why were these methods then later deemed almost immediately unviable by the JLP team? Price of acid, yes, but I can't help but feel that Jeremy got the rough end of the stick. He seems to have been unfairly steamrollered out of the picture.

I'm all for a larger plant, but we can no longer look forward to a main share of any future profits. Far from it. I'm not sure why JLP haven't yet cracked on, as they were supposed to. It makes their percentage of profits look even more false. I'm sure the JLP holders aren't too chuffed either with the lack of progress on this project.
Why are the licence rules severe for BMR, yet seemingly not so for JLP?

Many ponderings 3card, and it's frustrating not knowing the answers. It would be appropriate though, considering our reduced profit margin due to the derisory deal struck by Alex while we were off AIM, to have an indication of just when we'll be likely to see the royalty. What is JLP waiting for? Is it looking to adapt a former plant?

We looked at the old Sable plant and deemed it unsatisfactory to acquire and utilise, so if JLP is able to use an existing plant, rather than build a brand new one, that will be another kick in the teeth for us BMR holders. Lol.

Let's see what happens.

All the best.

I may be missing something here Vig, but you say that Alex has denied anyone at BMR being involved in contractual payments to Blue Square. The 4 June RNS however does very much confirm that BMR Group and Blue Square made an Agreement whereby BMR Group would pay Blue Square. Nobody else is mentioned, as in, JLP were certainly not tasked with making payments to Blue Square. Here it is again, so either he is giving you the wrong info, or the RNS is total cobblers. Both surely can't be true. Lol.

https://www.investegate.co.uk/bmr-group-plc--bmr-/rns/agreement-with-blue-square-minerals-limited/201806040700060364Q/

That sounds promising Tintin. Annie is trying her utmost to break the old school ways of thinking. Big Stef may not like it, but he might have to lump it. Lol. Have to see if we do start to move up here now. Thanks for sharing.

Yep. Me too.

I agree with that. We need a positive Q1 Pocko.

Good stuff MrDull. The ball is rolling.

Yes, I understand fully. it will be my ninth year in August. Three years of the good, six years of the duff. It has to even out again sometime though eh? I'm hoping for an immediate impact to the positive, once the new government is in place. Kurt being at the same event as LKAB shortly might bode well. Question is Pocko, how long do we ourselves actually give this investment to begin to flourish? We know how potentially superb it can be, but there must be a line to be drawn at some point, if things continue as they have. Kurt must surely be aware that a different approach may be required, if only to both protect and retain our interest here. We have shown support above and beyond, no doubt, and continue to do so, but waiting this long is our enemy. Not only financially, via necessary further dilution while we slumber, but also in terms of progress on the ground not being made, so we remain unable to create any additional value. I live in hope, as I say, new government and all, but obviously part of me wonders whether that hope is enough. We shouldn't be relying solely on that. Lol. Best wishes.

Pocko, you must at least make it to the sixth candle, or you're a bloody lightweight. Lol.

3card, good point that. I don't know either.

Have to see what actually happens and if it is explained well enough officially as to just how the royalty would be completely protected, should, worse case scenario, the company get into financial difficulty again after relisting. If we do receive any explanation of course.

Wow. So is he telling you really that, for example, if a shareholder has a million shares in current form, they will become two million shares? One million in the royalty company, all safe and boxed off, and the other million in the newly listed company, which shares could then be diluted?

Fair enough. Sounds a bit unreal though, but if we can keep our existing holdings intact, as is, for the royalty, it should then also mean that we can freely sell or trade the newly given shares if we don't wish to see how the new project pans out.

Is that what you feel he meant Bring?

More likely is that he actually forgets and splits our existing holding in two. Only half in the royalty box, the other half in the newly listed fantasy project box. Lol.

3card. Yes it's a bit odd that. I'm sure it's probably best that we shareholders don't feel the royalty will be untouchable.

Have to see if the ring-fencing does occur then, along with the relisting.

Watch and learn from Borrelli's manual of the unusual. Lol.

Yes Sooz, We are Green. Yet our business is opposed by the Greens! I have no further comment to make about today. Lol.

I like the sound of that MrDull. Thanks for sharing.

Yet our proposed mining operation would be green, eco-friendly and responsibly managed.

Sounds promising Pocko. Cheers for the link.