Member Info for FireballXL5

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Sitting in the back seat, a voice expectantly says, "Any Good News"

I concur with your "Does anyone get the feeling we’ve been flogged a dead horse (the Royalty) by JLP/Borrelli?". I think its imperative to have sight of the agreement before progressing. We might be better off using the Royalty as a carrot if the likelihood of seeing it monetised is remote or if operations are unlikely to commence in the near term. A relisting with a potential income stream might make the prospects more attractive. I feel very uncomfortable having Bird in the nest with a perch in JPL. If JPL are happy to move on then they will not have too much concern about paying any Royalty not that, that, would concern them anyway, as they have what they wanted.

Thanks for the update. I wonder why JLP are not moved to look at the royalty at this point. Hopefully we can glean some information from the documents regarding the royalty and the calculation. I am not sure how the ringfenced listing would work for a quoted company, there would have to be different share types and how both would be quoted I'm not sure, not sure that this is even possible. From a valuation point of view or as a tradeable share. Maybe a word with the share society before we pursue the impossible dream and we end up in a cul de sac with a fait a complet and find that Davies Shaft again and the bones of all things BMR.

Thanks for the update. I think we should press for sight of the royalty agreement first. Can BMR Watch request one on behalf of shareholders? We should know what assets/agreements we have left after the Quiff and his Pompadour left the building.
Is 4 months from the Gregorian calendar or the JLP BMR calendar which involves transcendental meditation and a pair of speedos?

Can't see anything wrong with that proposal Bring. Transparency is key with the royalty, otherwise it's litigation as we have no idea what is in the agreement, who it was lodged with or if it's in a desk drawer being updated everyday of the week to cover eventualities.
Shocked me Eric, they all seem to know, everyone was on the take and Bailey bought a new man in to join them, well one that would kick up enough dust but still bury the tracks. How anyone employs Borrelli I don't know. This chap was shocked when he saw Alikhani, head in hands. His wife paid back a million but this chap reckons it was multiples and other back handers from City gents. What happened to the recovery from Anita and her company, Soda the accountant, the accountants operating from a private residence in Harringay a mate of Soda's. The Nomad, the legals if there were any when all these Zambian copper assets were purchased. As you say Erik, we had to wait for the Borrelli/Hawk Cherry, Blue Square.
This chap reckons there is no regulation, I can believe that with years of falsified accounts.

Bring, good idea to set up a communication channel with Colin Bird. I'd love a copy of that Royalty agreement to see exactly what the terms are an what we are actually dealing with before any commitments are made. In fact, the documents should be made available to shareholders as there shouldn't be anything that would impact on any NDA's etc. or banking covenants, legal agreements or mining licences. Lets ask for copies of the relevant documents and whom they have be lodged with and witnessed by.

Very reputable gentleman and a friend of a friend. Knows a thing or to about Masoud, who enjoyed chatting and went on a few business trips to far off lands. Tis a small world sometimes.

Just spoken to a chap that used to be the Investor Relations Manager for BMR, in fact, the man who was instrumental in the change of name to BMR and the logo in the colour of the minerals to be processed. He was there the day that the keys were handed to Borrelli, not an ordinary Monday morning. Entered seeing Masoud with his head in his hands and Bailey remarking on the Fraud, that Masoud was off and the new chair was Borrelli, who then proceeded to appoint his forensic accountants. In his words, to whitewash the whole episode. The invoices from Masoud's brother particularly galled him when he found out that he was billing 50k for Investor Relations Services and our outsourced Accountant was paying them. He was also minded to say that Alzheimer's was not something that Masoud was suffering from. It appears that Borrelli was there to clean up a mess, revealing some of Alikhani's embezzlements, enough to lay the body to rest, it appears. Borrelli and Hawke then prioritised this other method of recovering the tailings. He reckons you could fill a post-it note with what Jeremy Hawke knew and our Borrelli was happy to recruit and pay him to help finish off any chance of recovering the metals. Apparently and according to this source, the Macedonian company Ascot, had the process mapped and could have produced the metals using the gravity feed method to recover the zinc and lead, first extracting the iron and silica to recover 87% metals. According to this chap who researched and published a great deal of the BMR presentations, went to Macedonia and had knowledge of the Cranborne School of mines testing and visit by Ascot, the process was ready to roll. He never understood Alikhani's reluctance to process and his obsession with acquiring tin pot and flooded assets in Zambia on a copper grab. It seems Borrelli, more competent than Hawke, because he survived longer having covered the tracks for Alikhani. What I'd like to know is how long did Bailey know, when did he approach Borrelli and what was in it for Borrelli to accept. There is more to this clandestine activity than meets the eye. Save the collusion that was pretty evident between Anita, the Accountant, was it Soda and the Alikhani and family. The Israelis' were also involved, as Alikhani was highly respected there and always received a red carpet when visiting, the Israeli State Railways were mentioned along with a hedge fund close to Berkeley Square, as part of the plot. Wonder how much our rogue Borrelli knew. It seems that Bird, in the mining sector, also has rattling skeletons. This person remarked that there is no regulation in the city and they are left to monetise their shareholders. Panorama please take a look. Sorry for the paragraph, the conversation has both incensed and incentivised.

Hi Bring. When does the option to acquire EML lapse. This should be an indication of their intent at Kabwe. I don't trust anyone who has conflicts of interest to engineer an equitable exit. Too much time has past while shareholders have been got at and thus undermined the Watch which has to be united. I don't know how many posters here are known to the Watch but we should post according to our allegiances as undermining the message is protecting those with the power and influence. Come on guys, this must be the finale and we must give these thieving crooks a run for their money. Our Cash balance has probably fled the Bank along with the two officers that exited by the back door. Colin is under no pressure to work for BMR holders and he has already appointed a nodding donkey. We need to find a way of procuring the original JV document and the subsequent Royalty agreement as JLP and Kabwe Processing are not JLP and Sable now. They have paid F all for Kabwe and if they say they bought 29% of BMR as a price then they need to think again before writing off the holding. Funny how our biggest holder with Bird on board made few objections to the loss of a listing. The whole deal obviously contrived. A fraud specialist or a Panorama reporter might be our best bet. Bet JLP wouldn't like anyone looking closely at their Zambian activities or those in SA. Opposed to any listing that does not recognise our Royalty and value.

Member BMR Watch

Excellent credentials for yet another rinse and repeat. Where is the transparency, where is the Royalty agreement. Where is our value. I see conflict of interest and appalling choices of partners in crime is the only open and honest part of the tweet. Who is ring fencing the Royalty for BMR shareholders Mr Bird. I'd rather have the Bird in hand and rupture a few organs.

They still haven't acquired EML through their option, have they. Where is our Royalty, that's what was paying for the assembled dumps worth around £10 million, more than £6 mill at cost?

https://twitter.com/BMRGroupplc?s=09

Excellent credentials for yet another rinse and repeat. Where is the transparency, where is the Royalty agreement. Where is our value. I see conflict of interest and appalling choices of partners in crime is the only open and honest part of the tweet. Who is ring fencing the Royalty for BMR shareholders Mr Bird. I'd rather have the Bird in hand and rupture a few organs.

No. Bird mentioning the support from JLP, no mention of the Royalty agreement and the option to buy Enviro Mining , which I believe expires this month. I thought they would bring some sort of closure instead of granting Borrelli and Hillman Gardner parole. Another period of string them along. They should be making these agreements transparent not creating a further conflict of interest. Researchers, who is the new chap and does his CV carry the correct convictions for another fleecing?

I think we know where your coming from 3C, I suppose it's a question of who first?

We still have no idea of the structure of Kabwe Processing Ltd and the material flow or those products generating the revenues on which the royalty payments are calculated. It does not appear to be the input of product as the JV owned the tailings thanks to the Borrelli deal. On that basis the royalties might be on the processing plant in which case we should be applauding and collecting from all metals produced including copper and cobalt. If only we had sight of the JV agreement which morphed into a royalty. As we have to forego royalties until the capital repayment is made it points to all revenue generated from Kabwe processing which includes the Sable plant as no other has been constructed.

Sounds like a Panorama expose "Slickers in the City". The South African, the Italian, the Vulture and Pastor Michael of Blue Square. How the man that forgot lead to the man that took us from an A listing to a safety deposit box holding agreements no one has seen.

The ultimate Gin "Schwachsinn", an Alikhani tipple which Bozzer took to heart. He then influenced others with tales of rags to riches and let them imbibe themselves with "Zerstörung" Gin. The effects of which produces a gibbering wreck with a penniless countenance. Will there be a silk lining or do the piggies get to revisit the trough. All will imminently, soon, in short shrift, be revealed.

Well no further excuses from Bird and Borrelli. The license in place and a seasoned M&A guy. The royalty agreement should be bought out and we can leave with a few pence per share. I'd be looking at a one for one with Jubilee as a minimum and that would be a result for JLP. We should hear something very soon.