Member Info for FireballXL5

Thanks for the kind words, looking forward to joining the fleeced at the eye of the weasel event this summer. We might be able to use a substitution and carry out the Boris “Whack a mole” during the more subdued parts of the event. It should raise spirits and any over exuberance will lead to calorific glee as participants join in with government themes to fight obesity. If has been suggested thar Borrelli loose 7lbs of unsightly flesh, I’ve reminded those attending that he’s been a headless chicken for a number of years and we don’t seem to be able to align his energies with a work ethic involving value creation. It seems that his destructive qualities in the financial sector are akin to those of Fred Dibner in demolition, now it’s there, now it isn’t.

Been out of action for a couple of weeks, bereavement in the family.

Did look at the latest JLP cast, interesting. £6 million is the bottom line and barely covers the exploits of Alikhani in bringing all the small parts of Kabwe together. The life of the mine is some 10years + and then all the ore from Star Ka****u etc. The mine has value at price points. We should look to a one for one from JLP who saw the value in Kabwe when they bought their investment in BMR. That is the transaction that is pivotal when starting to look at value chain.

Hope to see everyone at an AGM no covid restrictions are being relaxed Borrelli and Bird won’t have the virtual excuse. We need to get hold of documents from the Kabwe Ops joint venture up to the so called royalty agreement.

Attendance at the AGM, from the last it appears Bird doesn’t appreciate conflict. GReat idea to get media involved and show these these corrupt spivs for what they are. I’m sure JLP and Leon would love a tarnished reputation as part of his grand plan to build a successful reprocessing company. Roll on the AGM so we can see the whites of the scumbags eyes.

I wonder if we could get hold of our intrepid reporter, Jeff. He might have his ear to the ground.

It’s the Jugular we have to go for. The Kabwe Operation is probably dead and Sable most likely using the copper material that was left on site. The Kabwe Operating agreement usurped by the purchase of Sable by JLP. We will have to get hold of our expensive Pasteur and see if he can’t take JLP for thousands and get licenses revoked.

The Kabwe Operations agreement and the Sable Plant, multiple metals, that don’t yet include the Kabwe ground deposits base metals are probably distant from any agreed terms of 2 years ago. IF Kabwe operations includes any Plant purchased or utilised to extract metals from any site or secondary supplier then our royalty basket has been well complemented by events. We just don’t know as we are not party to anything but the old regulatory news. I suppose we should set our sights on a plethora of metals and mountains of royalties as we have heard nothing to The contrary .

Absolutely right Bring. The whole debacle is institutionalised embezzlement of shareholders equity. No agreements for the royalties, so we are told. Where is the Joint Venture agreement for Kabwe and what exactly did the so called royalty and option to buy agreement leave us with. Borrelli must be made to account for the years of so called paid service to shareholders. So angry once again that I find it hard to express the disdain I have for our Chair, AIM and the regulators.

Keep the anger, let's use it well. I'm never going away. Another AGM soon, what will Borrelli tell us this time?

Most of all, stay safe everyone. Remember that Borrelli still has funds to support his lifestyle. Fellowship and his m8’s are gullible enough to believe his lies, particularly the one about administration. Taken me days to get over that, been howling, doubled up, since when has Borrelli heard of administration.

Great Idea to get BMR watch on the BoD, I'm sure the books etc. will make good reading. Borrelli would be better off doing something that will get shareholders on side. Don't show your ignorance Stuee vis a vis Company Law. There is no vengeance or revenge it's about the BoD treating holders with common decency and working with the involved parties to find a solution to this basket case that might distribute some value. BEST WE NOW WORK TOGETHER.

I suggest you take up the jeopardy point with Borrelli. He will probably be otherwise engaged with Montezuma's Revenge or some equally off the wall exploration target.

Sounds like a way of actually being able to talk to the man face to face again. He's certainly been paid enough over the years. Maybe we could get this deal, I won't be presumptuous and condescending about it's possible merits, vote on it and his departure at the same time. What concerns me is his reasons for hanging on, what's in it for him? All he does with every diabolical turn and misjudgement is ruin his street cred.

Thanks for posting that Bring.

If you want to hear what happens at a meeting, turn up.

BMR own the tailings. Best way out is for Jubilee to buy them, some Cash for BMR but get rid of useless Borrelli first. My dog could do a better job and he’s been dead for years. Borrelli is the milkman without a delivery round.

No one will make money out of Kabwe/Sable on a Tolling basis, own ore required. Metorex and Glencore tried and Vale wouldn’t touch it forcing the fire sale to Glencore. JLP appear to want Gallileo to mine, Star Zinc and then take on the prospects at Kabwe, Ka****u etc. There are large low concentration prospects at Airfield and underground there are recoverable ores at Kabwe which might become recoverable if prices recover significantly.

JLP have to process Kabwe ore to monetise their large investment at Sable. There are residual copper tailings at Kabwe fro the Copper previously shipped in from the Congo during the Metorix ownership. Leon knows the value at Kabwe but palms need a good greasing, start with BMR, Borrelli has the badges.

It seems like you can ride roughshod over stakeholders with impunity. Borrreli has no doubt other positions to fall back on. Maybe we should allow others to pass judgement on his behaviour, I, for one wouldn’t like to be linked to this incompetent. Who cares to have an EGM and have Borrelli exercise his idle threat of resignation?

With Borrelli is he is the problem. Are JLP crushing our ore now?

See Blue Square are adventurous on whose money?

https://bluesquareminerals.com/

Might work for us as we still own the assets. We have no idea what or where the Royalty agreement is or where we are with any other agreements. Borrelli wouldn’t have made it to the Call My Bluff panel game.

Fellowship, you are a fool and anyone engaging with you further gives you license to continue with your playground threats and abuse. The worst possible deal is allowing Borrelli to go unchallenged, the best might just be voluntary liquidation. Borrelli is in an unenviable position and his idle threats should be taken as such.

(1) Directors Board Meeting
The directors of the company will hold a board meeting and resolve to appoint a liquidator for the liquidation of the company. They will also agree how to convene the necessary shareholders meeting for step 3.

(2) The Declaration of Solvency
The directors have to write and sign a Declaration of Solvency. The declaration states that the company is solvent and needs to be signed by a certain number of directors (the number varies by the size of the company). The declaration needs to follow set requirements and must also be filed at Companies House.

(3) The Shareholders’ Meeting
Depending on the company’s Articles of Association, the Directors will either need to convene a meeting of the shareholders or send out a written resolution to the shareholders. In both cases, the shareholders need to resolve to pass the vote for the liquidation of the company by a 75% majority. This resolution needs to be passed within a five week period of the filing of the declaration of solvency being filed at Companies House. The resolution must also be advertised in the London Gazette.

Once the shareholders pass the resolution, the liquidation comes into immediate effect.

(4) Liquidating the Company
The liquidator will commence the process of liquidating the company. Put simply; this will involve realising all of the company’s assets, paying off its creditors and distributing the remaining proceeds between the shareholders.

(5) The Final Meeting
Once the liquidation process has been completed, the liquidator will need to convene a final meeting of the shareholders. They also need to send a notice of the liquidation to the London Gazette.

Pretty much all of it. The AGM was attended by a number of shareholders and that resolution was not considered during the AGM. Acceptance of incorrectly dated accounts, Colin Bird and Anthony Gardiner-Hillman reappointment and Crowe UK LLP auditors. All duly voted down by a meeting in which sobriety was apparent.

Bring, he’ll probably leave it until the following week, Friday the 13th, at least I’ll be able to take a chainsaw ??

About time Borrelli surfaced with some sensible news. He’s a kin to Farage on Steroids, give me £100 and I’ll give you a chance to see my clean pair of heels. 1 for 1 for the Royalty and all the material that creates the value, 1 for 2 is still a giveaway as without the dumps Kabwe is nothing. As we know from the license debacle, something bad always lurks around the corner, JPL should close the deal before anything adverse might occur, the hierarchy might need their coffers filled again.

Until we have knowledge of the Royalty agreement what do we know. If Borrelli dilutes us to kingdom come and the holders of the placement reap the reward of the royalties as their carrot. Does he sell them on to raise additional finance? You cannot trust anything that man says, it’s all for an audience at the time. He and the rest of the board will make sure they are well recompensed. We should fire him, mothball the company and receive the royalties and then bring in someone capable of running an AIM outfit for the benefit of its shareholders.

https://www.sharesoc.org/blog/regulations-and-law/burford-a-chance-to-clear-out-the-stables-or-a-case-of-nothing-to-see/

Wouldn’t miss it Bring. Borrelli thinks he is a law unto himself. He thinks he can lie with impunity and that he can bully and cajole holders into believing he is working for them. Be careful, he’ll pick every last bit of flesh offered.

Well that statement completely contradicts the AGM we attended. Only resolution 1 was passed and there was no mention of any reference to polls which would have been available at the time. Just ignored again, fortunately the sub division did not happen, well not that we heard but we were not notified of any votes cast. The danger is that money is raised after the sub division at a price which could dilute existing holders to nothing. The royalties could then fall, in the main, to those parties taking up the offer. Well I don’t need to expand on that if those involved want to collect royalties over a period of 15 or so years. We must sort out the option followed by the royalty agreement.