Vig26 Dec 2018 14:58
Hi Vig. Thanks. Yes, the latter would make sense, don't relist, wait for the JLP royalties to roll in and share those profits amongst existing shareholders, with obviously no further shares in issue. I'm certainly not for relisting unless the new project is one which is near to bringing in cashflow. An early stage exploration project would only serve to create more wages for Borrelli over a number of years. Dilution after dilution with no end product would be likely. In my opinion. I loathe the thought of the inept little turd earning another penny from BMR really.
That said, a relisting would give shareholders the chance to sell up and write off their losses for HMRC purposes, or simply just to get out for peace of mind, but for those who were to continue to hold, looking at it positively, perhaps it would then be easier to fry Borrelli at the AGM. Boot him out on his arse preferably. Satisfaction.
Swings and roundabouts Vig, but it looks like Alex will continue to operate as he wishes, because he's already begun selling large chunks of our holding in JLP, while their sp is still really very low, pre-production. The new venture earmarked for our relisting must be staggeringly good, to warrant such early selling of the JLP stock. Cough cough.
But it's probably utter crap, lol, and just another way of Bozweasel keeping the BMR shell afloat, ensuring that his wages continue to roll in.
Surely not?
Atb.