Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Yes comeonvog, the dangers of train travel.
We need to carefully monitor Alex’s next steps and work with him under scrutiny to ensure our interests are carefully protected. Remember, JPL do not have the tailings or the site. Alex appears a little battle weary and susceptible to Colin and JLP’s intentions may not be totally honourable. I suggest we look to maximising our current position as we have the asset and JPL have a plant, together we can tango. I would like for some of us to carefully monitor events and contracts going forward, I have a family member who might be able to look at contracts/agreements or we can designate an independent third party agreed by BMR and JPL.
We made have stopped some strong arm tactics yesterday and not allowed vultures to enjoy their supper. Yond Alex has a lean and hungry look, but he doesn’t think enough like someone BMR.
I do feel that a small number of shareholders have been grossly misled by management for whatever reason. Those should maintain their own court until we meet and discover what the next steps might be.
Apologies for being a little verbose but I’m tired of being treated as an irritation and so I believe are my drinking compatriots. BTW, the last AGM I attended someone threw themselves under a train and I missed the main part of the event. Last night someone once again decided to end their days on nearly the same stretch of track. Although not arriving home until 6am my thoughts are with that person and any family and friends
Great to meet holders yesterday and put faces to Avatars. We even met a very large shareholder, a lady with a small interest and a very jolly chap originating from Aus. Bring, Klue myself and Mr Aus took it upon ourselves to uphold the post AGM Alikhani tradition and nobly attempted to drink the Globe dry. Our largest personal holder was also present. We must increase attendance for the next meeting and have an overall willingness to plot the best course for what remains. BMR is a fugitive to reality until the option to acquire EML is exercised by JLP. Once this takes place the royalty agreement, whatever this may be, kicks in. I presume that Alex and co will agree this and on acceptance and signing the option could be exercised. I believe they have till September 2020. Without EML under jubilee’s belt, they don’t own the tailings and whether they have access to the site or the tailings needs to be clarified with Alex. The Sable plant just purchased would be pretty Patel useless without exercising the option. Please correct me if I have some of the ownership rights or the large scale minIng licence wrong. As far as I’m aware, although I wouldn’t be absolutely sure after recent revelations, EML and its subsidiaries EProps and EPro hold the assets on behalf of BMR. Once JPL exercises it’s option over EML I presume the royalty agreement , yet to be revealed, kicks in and we receive our 11% due to the excessive capital spend on Sable by JLP. Well that presents a dilemma, if there is no agreement then I presume no option can be triggered as a non royalty agreement cannot be triggered.
It’s absolutely pointless to allow the board to provide the sub division and pursue the Dysentery venture and potentially dilute existing holders to the same revenge. We must get the EML deal over the line and the royalty triggered. I’m presuming that Kabwe Operations would free carry the asset the way Leon has put the deal together by repayment of the capital project funds to Jubilee. As part of the royalty deal that asset should be owned on the original 60/40 basis or Kabwe Operations should be required to purchase that share. That would allow Alex to pursue Montezuma without the need to raise and dilute. The royalty is extremely valuable and whether it is ring fenced, which would bear administrative costs and not be open to new investors, or used as an income stream to lift our share price above 1p on resisting. Jubilee could release their 29% to investors, get out of being in a conflicting situation and recoup their investment. The royalty needs to be tightly monitored and collected so that the revenue stream which will be substantial unless the sly bod have a cunning plan to rape and pillage. Alex can use the royalty as an incentive to future investors or a new captain can use the income stream and the bags of losses to reverse in other ventures. We now need to be very clear and we need to be in attendance and attentive contd.
Unfortunately held up at the Globe, had to gate crash my meeting, Bozzer not amused, "put a chair against the door"was uttered. Needless to say he wasn't the least bit amused by my dress sense or my lack of sobriety. From inside my Alibaba Alikhani suit I managed to utter something incomprehensible and raised my arm late on all occasions. The motions were all duly declined by those present. I staggered to the door in order to continue at Shakespeare's retreat. Hic.
The Globe, sounds like an all encompassing local. Bit of a change to be falling out of somewhere other than the EU in Brex**** Britain lol. Well let's hope for some earthy conversation before meeting the Artful Bozzer, he might want to pick a pocket or two.
Are we meeting up pre AGM? If so can someone let me know the name of the Bozzer Boozer :)
I can’t find much on the dating of statutory accounts. I cannot see how the AGM can adopt a balance sheet dated 31/12/2018 when the published and filed Balance sheet is dated 30/12/2018. All I can say is a lot can happen in a day.
The stockpile valuations as always are deliberately written down to JORC levels, think this is old ground. As the bumbling pair didn’t conduct the simple task of a JORC for V then no value. Clearly we could have sold the dump material for a considerable sum. We now have to rely on JLP to process and pay the royalty. The problem we have is that Borrelli can use Montezumas Revenge to dilute us. The royalty will quickly disappear down the pan a la Thomas Crapper. Does anyone want to meet up prior to the AGM, we can discuss battle formations and just how Eric can scalp the Borrelli quiff.
I hope we can make a weekend of it from Friday 23rd at 1pm. We must find out if it’s show of hands or votes. We certainly need some vocals and a way of getting some value for our hard earned. I notice that Borelli and his slimy cohort can’t even get the AGM notice right. What a pathetic bunch and to think he was entrusted with funds and running a PLC. The accounts we will be adopting are those to 31st December 2018, according to the notice. These are not the accounts submitted or those presented to shareholders. But what’s a day, let’s save it for the AGM just to rub his nose in yet another failing.
It’s pretty obvious that we need to take some sort of class action. AB should be removed and the company left private with no further costs and the royalty to be collected and distributed at a much later date by some means. This is like some sort of Cash out ACCA. I can’t see that current holders can stand by, or sit by and watch others get fleeced by the charlatans rinsing more PI’s. This time enticing them to release their load before a dose of Montezumas Revenge cleanses them. Who is up for a vibrant AGM? Bring, can we in some way collect the Proxy votes from BMR Watch and see if we can’t mobilise some action and even notify existing holders from the register obtained as they won’t have changed.
Eric, Think you hit the nail on the head, why choose Berkeley as a vehicle unless it’s seen as a getaway car.
Bring, I’m liking the way you are keeping the faith. I’m going to rely on playing the old arcade game for fun and zero funding, not the slot game that eats most of one’s hard earned, like the reels spun by MA and subsequently tilted by AB. Montezuma’s revenge, couldn’t have wished for a more tasteful AIM play lol. Well let’s hope it’s churning out copper.
Got to get in quick, my goodness Eric will have a field day, are we serious, Montezumas Revenge. It was bad enough being rinsed but the name stopped me in my tracks. Just caught up with the posts here from May. Never believed that AB would ring fence, no carrots for the next donkeys. JLP just another string along, wonder whether they will ever sign off. As you can tell, most disillusioned, ready for the AGM. Ready in fact for the Tory knob heads and their WTF strategy, which AB has already carried out against his loyal shareholders. We must be off our ?? ‘s.
The AGM should be a wacky occasion, the pompous fool better be there. I think we should adopt the punishment Boris prescribed on the ITV PM Debate for the Trumpileaks culprit, eviscerate. That should make for a chilling AGM, if Alex has the “Guts” to turn up.
Has to lodge by 30th. Will we get a tweet before Sunday
Less than 2 weeks to lodge those 2018 accounts
Will play an important part in meeting the 2050 zero emissions target. Energy storage will play a fundamental role.
I’ll take a watch look. Only rumours, what, like MA’s copper plant? Shame lol
Sounds like we have really reached the bottom. Bring and AB in some seedy parlour.
It’s hurts to read these posts sometimes. We were taken in, even the moral obligations some felt, make money and clean up Kabwe. These people running companies on AIM should be accountable and the regulatory powers used indiscriminately to reward them for their inappropriate and deceitful actions. I feel for everyone with losses incurred when one trusts those financial statements and regulatory news updates. The audited accounts were a pack of lies, the assets reported at times, non existent. It took a new man at the helm to take a knife to the balance sheet and write off millions. We should be able to start a class action against the auditors and nomads who ultimately sanctioned the Alikhani lies and deceit. Then we get round two. I don’t understand what was or is in it for AB, he put in a considerable amount. Is this more mirrors and smoke? Does he gain from the Bird GLR/JLP involvement? Or do we float, everyone gets out leaving the buyers to mop up the recurring dividends. Answers please.
LC’s numbers in the Zinc case are incorrect. If one looks at Vanadium numbers the Zinc will be around the 25k tonnes mark, based on the yeilds and JORC/Star grades. Revenues around the $150m mark and I would think around £5m to BMR and that’s 11% to BMR TBTT however you cut it. JLP just happen to have 29% so will get their share.