Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Kabwe now looking like a real drag on the shareprice. The Zambia Govt will be furious with Coetzer and Bird in there lack of action at Kabwe. The Govt feel they have been taken as mugs again. The Govt will now be looking at possible revoking of Jubilees licenses imo. The same thing happened to Bmr lack of action the licenses were revoked and then returned with tough conditions of production within a year. 2 years later jubilee have done nothing. History repeating itself at kabwe. I suspect jubilee wanted the refinery more than they wanted the dumps. The cadastre will be furious and this could potentially be disasterous for jubilee.
The problem of which i alerted shareholders to the fact nothing is being done at Kabwe. Colin bird and jubilee have not only screwed over bmr but they have screwed over the cadastre as well. This is the 4th time the mining ministry have looked like idiots. Jubilee are now under pressure to deliver or they will lose the licenses. Luanshiya dumps are shockingly poor grade. Jubilee remind me of bmr years ago. As far as bmr are concerned the royalty seems to be something that will never deliver.
Bird is not interested in what you have to say. Thats a fact but that doesnt mean you do nothing. You make sure he and borrelli dont carve bmr up for themselves. You do this by supporting a good deal on relisting. The fact you dont get that concernscl especially when you were looking to place on the board clueless individuals. The deal proposed by bird in chile was a bad deal. Everyone agreed with that. Its gone now we move onto another deal. You pressure bmr into getting the best deal. Im not getting into the voting proposal but borrelli has told you his side of it which contradicts everything you say. You can speak on behalf of the committee or whats the point of the bmrwatch. The bmrwatch dont care about relisting thats the truth. You probably do but cant say that on bmrwatch twitter. I cant emphasise this any stronger than im doing. If the company dont relist everything gets sold for pennys. Borrelli and bird walk away and theres nothing you can do.
Lol. Colin bird would never engage with bmrwatch. He doesnt need to. He just loves bmrwatch doing his dirty work.
Again you fail to answer my question. If you want to relist why dont you state that fact on your twitter page. Again I believe that the majority on the committee do not want relisting. You are very naive if you think bmrwatch have not played a negative part in our failure to relist. Colin bird only wants one thing the royalty. He hasvtaken everything else. Bmr have tried to relist but this was halted by bmrwatch. Bmrwatch have been a constant thorn to relisting. The egm where bmrwatch havevtried again to remove borrelli and failed to put there own committee members on the board. Absolute joke. Ive said it numerous times bring you are the most vocal member on the committee but has no power. The quiet ones are pulling the strings. Bmr do not want to communicate with bmrwatch. You had the advantage but lost it all because you followed the committee members lust for revenge. If you want to relist can you confirm are you talking on behalf of bmrwatch or is this just your own choice.
Merlin I agree with you. Its clear Colin Bird has been the mastermind behind bmrs downfall. Look at Kabwe not one ounce of zinc and lead produced. Borrelli had no chance. Jeremy hawk absolutely useless . Bmrwatch should on there twitter announce that they officially back relisting but they wont because they dont believe in relisting. As long as there is division between shareholders colin bird will do nothing and wait for our demise. Bring if you want to relist why dont you officially announce it to shareholders. This will be a major positive and a big message to bmr/jubilee. This will speed up any deal that bird has in mind. If you dont get behind relisting the royalty will be sold for little to nothing.
Borrelli may personally want to relist but he aint going out there making a deal. Its colin bird holding the cards in that dept. Cb needs to be pressured into a deal and a good deal. Jubilee are majority shareholder. Bird is a deal maker. Borrelli is not. Bmr watch should officially communicate to bmr that they now totally support a relisting asap. There are tailings all over zambia for grabs. There is no reason not to pick the best one. Most are free from zccm. We need to all go in the right direction. Forget the royalty. No relist the royalty is sold. Simple
Borrelli is incapable to find another deal to relist. While the criticism is pushed on him Colin Bird majority shareholder is rubbing his hands with glee. Direct your questions and criticism to Colin bird ( jubilee). There are heaps of opportunity in Zambia and elsewhere. We have a huge shareholding base this is attractive to him but he also see's division and will use that division for his advantage. If bmrwatch dont get behind relisting bmr will fold. Royalty will be sold for peanuts to colin bird. Thats not a threat that will be fact. We cannot let them push that final nail in the coffin. I say to bmr watch send an email to borrelli and bird and say we have changed our position and back relisting asap but the deal must be worthy. Do that and we can hold them to task. Division will be exploited and we will lose everything
Ive been doubled up when the bmrwatch announced an egm during a pandemic . Pmsl numpties
When Zambia go into lockdown and unemployment rises and revenues decline do you think the ZG will raise taxes on the mining companies. As in the UK this Govt will raise taxes the ZG will penalise mining companies as that is there main income streams as we seen after 2008
This virus hasn't even hit Africa in a bad way yet. Zambia just have a few cases. Kabwe will be lockdown and may never process anything for some time. This will cost jubilee millions.
You keep buying. This can last 18 months. Jubilee arevin big trouble
Bring doesntvwant me to name the 3 elected members. I think bmr shareholders should know who they are. They are trying to get me banned
Why is administration a lie
I will tell you the bmrwatch plan. They call borrelli a thief. They will tell bmr shareholders they tried there best. They will buy more jubilee shares. They will forget the past few years.
We have a deal in place. Why the fk in the coronavirus nightmare where people are losing jobs that the committee want to pile more misery on people by losing there money. When he resigns and places the company into administration what is the bmrwatch plan
Fireball. Are you aware borrelli has had enough with bmr and by demanding an egm will force him to resign. Before he resigns he will carryout one last task in that he will place the company into administration. Are you aware he has that power being a private company. The committee members are supposed to protect there own members investments not lose it.
3card ask why the committee dont come on here to discuss. Ask them why they dont discuss it on the bmrwatch. A small band of people are about to lose all our investments. The committee have been made aware of borrelli resignation and admistration will happen. They are happy to ignore that. Its a scandal and lawyers will be involved
If the bmrwatch committee do not understand that if there is a threat of borrelli resigning that colin bird will not sign off on the deal. Why do they not understand that. Why ask for an egm when coronavirus will be killing people. Why not drop the demand for an egm allow time for the deal to be announced and lets not allow borrelli to resign walk free and pick up aload of bmr assets.
WHAT THE COMMITTEE WANT TO DO IN RESOLUTION 1 IS TO REMOVE BORRELLI. IN RESOLUTION 2 3 AND 4 THEY WANT TO ELECT 3 MEMBERS FROM BMRWATCH ONTO THE BOARD. PMSL NOW LETS SEE IF ANYONE CAN SPOT THE SERIOUS FLAW IN THAT PLAN