mikesurt7 May 2018 17:04
The fall to this point of BMR is not due to its shareholders. We have trusted in two sets of management and it is they who have not cut the mustard, in spite of, at times, official news to the contrary.
Many of us here are investors, not traders, so we continue to believe in the realisation of value from this Kabwe resource, regardless of past managerial woes. It is very doubtful that your posts will therefore rattle anyone into panic selling, if that is your intention.
We are naturally trusting now that the tie-up with JLP will be mutually beneficial, and, although the terms are harsh for BMR, the alternative wouldn't have been palatable for shareholders. Importantly thiough, the prospect of a successful outcome for many of us remains.
I say past managerial woes, because the Board change will hopefully go some way to alleviating prior problems. Borrelli will no longer have the freedom to operate like someone who is completely unaccountable. Even though he really is accountable. JLP, the major shareholder, will be keeping him on a tight leash. In my opinion.
Finally, if you are not out to goad existing shareholders Mike, then you are going about things the wrong way here.
Enough said.
Enjoy your Sunday.