Member Info for FireballXL5

Any news?

Hopefully the licence will disappear From under their noses and our London based Pasteur will see his pockets lined again. At least someone gets to make. I wonder what time limitations are built into the environmental permissions this time.

Hi Bring,
How they calculate a royalty from a multi purpose plant which is essentially the Kabwe Processing Plant which fornm the original 60/40 split. Where is this plant, it must be Sable as they have not invested capital in any other plant than the Kabwe integrated processing facilities? This plant was going to toll process the Zinc from Star which was also going to be part of that royalty. The on site copper tailings that belonged to BMR, where are they. How are they measuring the cost apportionment to the metals processed and those costs which are associated to particular metal extraction. There will be uniquely different processing of the metal sand the labour required on the circuits. The QC and testing and grading. They are obviously going to try and have us over. All this should be listed and agreed as part of a multi processing agreement. The royalty cannot purely be apportioned solely on Kilo production and sales. I'd be happy if they paid 11% on the revenue from the metals sold that were extracted from the tailings and that might force their hand to buyout the value from BMR. It's pretty clear that Bird in his untenable position as chairman of BMR is more than a conflict of interest to both sets of stakeholders but only operating in JLP's interest. Its a nonsense and we should start a Class Action on a no win no fee basis. Billions of Dollars of processed tailings that are being ripped off by JPL may prove an attractive incentive to some bright city lawyers, especially with the murky past, the bribes to regain licences and the shareholder contempt illustrated in bucket loads by this board.

The Capital spend on the Sable refinery and the circuits was part of the agreement and we should be getting our Royalty on the integrated Kabwe Project. Where is the royalty agreement, is there a FOI in order to see this illusive agreement. How are costs apportioned for the "integrated" project. Our royalty must be on the whole. Fess up Bird or just pay up for those billions of £'s of tailings you are doing nothing with. We want our 11% on all the profits from Kabwe after you have recouped your investment costs. But as luck would have it Bird, you are in a corruptible position having a foot in both camps and in a very conflicting position. You will have a lot to answer for if the BMR holders do not get their 11% of everything Kabwe.

https://jubileemetalsgroup.com/investors/rns/kabwe-multi-metal-processing-project-update/
Bolstering the Team

Jubilee has deployed a senior management team to the integrated Kabwe Project to further strengthen its existing team of 110 employees at Kabwe. The Company is expecting the team to grow to 200 individuals at full project capacities.

Accounts submitted. Not great reading.

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/_fYXGsL655HtPU6bquviduHikpwFtDY38QVA84__seo/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3PXI3D3PU%2F20210713%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20210713T133344Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEAUaCWV1LXdlc3QtMiJHMEUCIQCG7GXtj7iT4h9UxB89Bf3J0q6FRB5IGwmPhesPZulaowIgAOaNpiJcSzJcMc%2FWK%2F0XlFM5VILCqBulf%2FafHexoRBIqgwQI7v%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARADGgw0NDkyMjkwMzI4MjIiDN9qlW0CtABJE6jR8yrXA7X%2B%2F4FL9JU7i5IarnSLANa9znj2Z4QN%2BJexd5XZuEHKA7MitAvFldL7UrZyoXwAsqV%2FY%2BGqY0U27TGQDBHh4x2g30f3PvuGAinVfobKHqzN4stuApYLbqKT%2FNFf7DND1ibOnwft%2BeaZAKmJwn49Vz73WFMHdA7BnPQW7eBTLAub%2BMNsXCJeAFDYooWAPbfqTEoHeV2YZWI22BRtJzBfWx8bn3HAYbvBCo9xWCar54xCuqLL%2BnvNIfjcP6WccoCe9wCsmHjDHsc4TXCMBDNOurZ343OJPjWzDq0Cjq1JQ6OB6r6ZzdYQzovew3LOGdtp4ISlEtfnhay5Vbq2VT4WR%2Bj0Az92D8zPUrdLEN%2Bnbb%2F56bVASaLdSKghTwZsTwtVZbRpYKXONEIsi3Q7AKCCW%2Fh52isq6h8rAS6YukQkaYU6%2F%2FdnNcrtvKvVEvOEQm2rHdn8g4n8oMvk5Rtx51xX6MnSN0NXadavvlyUYAL0eJOVyo2M1fPKDki06Bjk%2FOsvsGC3vHIUkqf%2FAihfyux%2FKPUdYBvPt8%2B%2FppcUtBqNMcGp3EEXucoAMEoS952D9DnbNK9dcVyXRVU1BliYpnKIPOBt%2F7YSqdQ9Hp%2BIKePjuU%2FMxvVAILn6ajCqj7aHBjqlARcOzcz8eNx5CJsGyBVeHtZ9fGwFAujCbqXUB%2FoKDyx6Kz4%2F1%2B%2FKC3fLCmreT8OBcVC3eCC9DE6KWx1jiBVTrNKUcjkZZ8Xv8ukUwTBOSw4MIXdjhU5ygvP8Xzu%2ByuIoMINAFvlmMnezg3OM%2B62JavG%2Bf6HnOvsM5W0HZ82rL9nHaWOo%2BVR3bCPbSWJcdGWNF0xMNkr7vYynJ7aTgiLOA%2BEGh%2BRUzA%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=ed9c9a1d5c0eaeec414c22f0e46e73ff4dd033b286a0afba59d74073fb8dcdfb

Outlook

We look forward to Jubilee·s full implementation and successful operation of tJ1e Kabwe Project and to the receipt in due coui e of royalty fees for the benefit of the Company.
We arc confident that we can source an attractive acquisition opportunity for the Company within the
mining sector. We remain firmly of the view that we can raise funds and achieve a re-listing and we expect to update shareholders · QI of 2021
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Includes the copper processed at Sable:
Jubilee is the sole operator of the Kabwe Project and has full control of the execution methodology. In addition, Jubilee has agreed to fund the Kabwe Project by way of debt finance without dilution to BMR's shareholding which amounted to a fixed 11%, as Jubilee's total capital investment to fully execute the Kabwe Project exceeded US$15 million.
Jubilee announced on 23 August 2019 that it was seeking through the Kabwe Project to establish a fully integrated metal recovery and refining operational footprint in Zambia following its acquisition of the Sable Zinc Refinery which significantly reduces the implementation time lines and project capital equipment. The Kabwe Project combines access to large surface material with the adjacent multi-metal refining capability and its resource comprises an estimated 6.4 million tonnes (3.2 million JORC compliant) of surface assets containing 356,843 tonnes of zinc, 351,386 tonnes of lead and 1.26% equivalent vanadium pentoxide. This excludes further third-party sourced copper and zinc rich mined material for further refining. The adjacent Refinery is to be expanded to include a copper, zinc, vanadium and lead refining circuit based on Jubilee's extensive process development and optimisation works program.

Jubilee has stated that it is fully funded to execute the Kabwe Project which will be implemented over three phases: Phase 1, the upgrading and commissioning of the copper refining circuit with a targeted capacity of 3,000 tonnes of refined copper per annum; Phase 2, the implementation of both the zinc and vanadium refinery circuit with an initial targeted capacity of 8,000 tonnes per annum of zinc contained in a high grade zinc concentrate suitable for the market and 1,500 tonnes per annum of vanadium pentoxide; and Phase 3, the implementation of the lead refining circuit with an initial targeted capacity of 11,000 tonnes per annum of lead contained in a high-grade concentrate.

Subsequent to the year end, Jubilee acquired the balance of Enviro Mining Limited from BMR and, in September 2020, Jubilee announced that it had received notification from the Minister of Mines and Mineral Development in Zambia of the approval of its application for the renewal of Small Scale Mining Licence 7081-HQ-SML in Kabwe, Zambia (the "Licence"). The Licence is in respect to the minerals lead, zinc, copper and cobalt. The Licence renewal was approved for a period of ten years and is subject to a number of customary conditions specified by the Minister of Mines and Mineral Development.

As a consequence, BMR's interest in the Kabwe Project has converted to an 11% royalty and we are awaiting the formal royalty certificate from Jubilee.

Will we hear a mummering or will the silence abruptly end or have they forgotten completely?
Registered office address
7/8 Kendrick Mews, South Kensington, London, United Kingdom, SW7 3HG
Company status
Active
Company type
Public limited Company
Incorporated on
5 July 1989
Accounts
Next accounts made up to 29 December 2020
due by 29 June 2021

Last accounts made up to 29 December 2019

Confirmation statement
Next statement date 6 July 2021
due by 20 July 2021

Last statement dated 6 July 2020

The silence is deafening. Didn't it get off the ground? No launch details? Was it yet another load of bull?

Trouble is the conflict of interest with BIRD at the helm is very apparent and that conflict took place under AIM rules.

Hi BMR, surely we can request a copy of the Royalty agreement from somewhere@ There must be some time limited conditions and the agreement included all metals processed at the plant, now Sable, so we have an interest in the copper or so the RNS's said, included offtake and other processing. Are the clowns going to try and dupe us, that lot are very economical with the truth. They said they were building the Zinc line followed by V and PB in the plant.

Well the 31st of March has been and gone. Yet another load of failed promises, apart from burying the BMR name. This lot should be .....

Link to appointments
https://find-and-update.company-information.service.gov.uk/officers/a2uYYZisR6hzUnXQ67cDGhaKJjk/appointments

Seems that a start may have been made unless this was part of the smoke & mirrors. My this man has a penchant for names. Wonder how close he is. Not enough fingers for all the pies
Certainly an avid collector.
https://find-and-update.company-information.service.gov.uk/company/11926103
BMR Kabwe Ltd
https://find-and-update.company-information.service.gov.uk/company/13114634
Kendrick Resources Ltd

Director for now
Stephen Frank RONALDSON

72 appointments, familiar names.

Googled Kendrick, a parody:
Graham Kendrick Offers FREE Worship Resources : News ...jubileecast.com › articles › graham-kendrick-offers-free...
15 Oct 2020 — Graham Kendrick is known as the 'father of worship' and is one of the leading modern hymn writers of our generation. His songs and hymns are ...

Looks like we are back in business of Bungs for Licences. How this lot manage to keep a straight face as they continue to weave webs of deceit as they leverage money from pockets with lies. Talk about trolling Kendrick to death when it arrives. Would anyone invest in their latest Viking adventure.

The Sable Zinc and Copper plant which took the place of a New Build in the agreement with BMR is "Kabwe Processing" and Royalties are due from Kabwe Processing whatever is produced. That EML statement is a little odd as to my recollection JLP had the option to acquire EML and did?? We need sight of the Royalty Agreement!!

Absolute joke, unless we can see V fly at someone else's expense. Bird Borrelli are the King Knuts.
Just as well its in Scandinavia, visits close to home and an appropriate resting place for the inventors of a smorgasbord of Knutery, Borrelli and Bird.

There it is. EML passes to JLP for an 11% Royalty. The dumps were exchanged by the Directors of the company for an 11% Royalty from the earnings of Kabwe Operations. The directors would surely not agree to the transfer of EML if interests were not being protected and that the company believed they were protecting shareholder interests to the extent that Kabwe Operations would provide a long term income equal to or greater than the value of the assets being transferred. In my book that constitutes royalties in excess of the impairment on transfer of EML.

Not sure we will hear anything unless we conduct an old fashioned siege and flush out the Bird. The best bet is litigation and to get the deal undone, that will cause the Jagged Little Pill some concerns, it would be "Ironic". There must be a law about running a listed company and others with interest, for oneself, mates and other dubious partners. Borrelli was just a continuation, a wing and a prayer after the fleecing by Alikhani and Bird looks likely to be a parrot.

This is a total conflict of interest. Colin on 3 boards orchestrating an underhanded manipulation of BMR assets. How can anyone ignore such a position of control.