Member Info for FireballXL5

A little snippet to take your minds off BMR for the suspended summer. A Bozzer theme tune, for the hair pieces.
https://www.instagram.com/p/BkvfHMdHhnC/?utm_source=ig_share_sheet&igshid=11ox0q85qkygt

next episode. You couln't make this up. J99, you could be right, might be the Blue Square deal. Whatever it is has given us the old end of soap drum beat before the next episode. Nice of TBTT, Sidecar and Sirly to post their usual premature epitaphs. BMR still own the Tailings, Mining Rights, Licenses and infrastructure and JLP paid 2.9 pence per share for their holding. Will they make an all share offer? As Vigenere says, V, is the element of interest and surprise here. Why not go all in with an offer for BMR and let JLP do all the processing and management and take 60% of the JV profits over the next 10 to 15 years. When we know the size of plant and the forecast metal production we can then try and comprehend the potential returns. Sirly knows the plant will be 30tph, at current prices, after royalties and tax that would generate around £60million per annum for Pb, Zn, V. and thats after doubling the processing cost per tonne to $240 to appease Sidecar who sees little merit in the project.

The possibility of a delisting, is this the finest of quaffs, not referring to an alcoholic beverage. Has Bozzer planned the shortest of hair cuts or are the circling vultures reserving the finest morsels to gorge. Perilous, but that is BMR. Brought back from the brink, hung out to dry, rescued to rinse once again, Chianti.

Get your hopes up Tiger just might catch you by your “Tale”

Is the player. Crack the recoveries, build a circuit and by August will AB’s hat be brimming with offers. Gives us all a quiet summer lol. Wwtbootoote lol. We will no doubt receive a cursory update at some point. I do hope there are a couple of bows. The pleasing element is the more bang for the dollar, that should aid preservation and indenpendent production of zinc will appease the authorities if the timings are met. No mention of a deviation from other stated goals, as yet. We have plenty of time for more spin on the nature of the collaboration, hopefully AB can make an effort to enlighten his parishioners now he has Blue Square on board.

Sidebar, read again. I was referring to the poster paddwah or whatever avatar is being used by one individual.

I’m not suggesting that the intended JV shouldn’t be signed off and the Ministry of mines timelines met. The deal at the time would not have included V processing as there is no EIA. Of course BMR hold the upper hand, our material, land, licences and 60% of Kabwe Operations if the agreement is entered into. The plant will be on our land and put to use by Kabwe Processing Ltd to process Zinc and Lead, JPL providing the initial funding at a premium and taking a 40% cut of the spoils as the processors. We still have overheads on site, a geologist, Enviro Directors, although one was touting himself around, Geoff Casson and Jeff Livesey.
The announced dates have not been met, an update prior to the end of June has not been made. We have not had sight of the operating agreement. In my view JLP are acting in a managing operators, reluctant at that, they have no skin in the deal and own only rights to manage and process. The V is of considerable value and is the value driver but as yet there is no mapped out processing or licence to process. We await JLP’s efforts to finalise its initial design work programme and budget for the construction phase of the Kabwe plant and (ii) make its decision whether to proceed with the plant development.
We have no other details about the operating agreement, the plant size, production rates and materials volumes and type being produced. Everyone’s scribbling and musings on what may or may not be included in the framework of the documements are just that. Alex may have screwed up by allowing Jezzer to manage the ACI funding, we don’t know who approched BMR or JLP, was Jezzer a driving force once again? Alex will still have options and he is no mug when it comes to financing, it’s about time he took up the mantle and drove this project forward for the benefit of BMR and it’s stakeholders, he has skin in BMR and by all accounts a triumvirate of wealthy backers who may bear further influence. All the JLP holders that have appeared are equally opportunistic and have barrels of conjecture and misplaced support to offer the BB. Colin is a Non Exec and we await an appointment of a new executive director with experience of the African natural resources sector to be appointed as soon as practicable.
Everything else that Sirly and Sidecar and the other deranged multiple alias poster have to offer is pure conjecture, hope and speculation. Best if everyone stops churning out fantasy until we have more information. I am minded to be positive about a potentially lucrative ending to all involved. Whatever it is it must be workable, bought into and executed. At this time BMR is in pole position, IP not yet ceded and all the assets are in the BMR camp, those being above ground and carrying immense value.

As Enviro, whollly owned by BMR, own the tailings stockpiles, hold the mining licence and the EIA for processing Zinc and Lead and the land, buildings and services. Should they not be seeking to maintain their majority holding in the JV processor. The JV, which we know little about apart from the initial financing for the scoping and recovery tests performed by JLP, followed by a decision on participation which is linked to future draw downs of construction finance at a premium to be paid when production sales commence. This followed by a 60/40 profit share. Surely BMR with a JORC could raise funds against the V and instruct the JV to repay these when a circuit is approved and installed. If the JV acts as the processor the owner can stipulate where the residue material is stored after extraction of Zinc and Lead.

Enviro should then build a stand alone circuit on site and seek EIA approval to process the residual material with help of their provider of fixing services Blue Square. Presumably Enviro will own the constructed plant that Kabwe operations will use to process the Enviro material which once processed is sold for the benefit of the JV operators.. I’d keep the residual materials unless finance is agreed on the current or more favourable terms. I would use the V to ensure that working capital is secured without a great deal more dilution. With the value of V and it’s forecast deficits BMR must hold a strong negotiating position. It beggars belief that there is as yet no indication that the JV will be paying for the feedstock. Alex, are you working for us?

It’s in a happy place, $35,825 tonne.

Just another stint in the waiting room

Borreilli�s Tune - Sorry seems to be the Hardest Word BMR�s, inside a Justice Ministery with the BS - All Rise

I�m wondering who the 3 Stalwart investors are? They are privy to the BS deal, they have been kept up to date with events and are supportive. I hope the are discerning, questioning characters and see the risk reward at lease levels and believe that the JV will produce a monetising plant and profits. I hope we don�t have to Square the Blue circle and Cement two of the party as Michael Lamaswala and Michael Lamaswala.

Are they all Directors of the Zambian entity. Haven�t had time to look, if you already have :)

Yes, I noticed Rosewall. To extend the irony we are in bed with a Jagged Little Pill, how Ironic. Bet the congregation are all giving it High 5�s.

Blue Square, an interesting empty shell. �1300 investment, that 95%, of the Zambian Blue Square. A London based pastor, director since 2010, �28,000 overseas income in one year, 2012, that is it.Accounts late and verging on being struck off on occasion. What exactly is this deal. No movement of note 2013 - 2016, 2017 accounts late. Something bordering on Jackanory. I believe an explanation is in order. Is this one and the same? Is it a sick joke? We demand more CLARITY.

Talk about Alternative, this is stretching all boundaries. There must be some disclosure rules. $800k and not a tremor or a sign of nerves in the text. A normal petty cash transaction? This is $800k of company money, we deserve an explanation as to the merits of the transaction, why it was agreed and what exactly, was provided. On the face of it, it stinks, this mining licence saga and those involved should be made fully accountable and the transaction should be made transparent to stakeholders. How can companies take such a blatant disregard for investors. Is this part of the new world order? Truly flabbergasted.

Lost for words.

J99, should have seen yet another sequel to the Italian Job coming. The Iconic Ambulances, the hoard of metals, now you see them, now you don�t, 2014 Borrelli shocker. Then the investigation reveals pockets of value, then more and more. Just spring some V on us, load up in eager anticipation, backed by some shady outfit with a moral compass. Then 40% gets nicked. As we deal with the loss the local banker shuts the door and tells us to ... off. Now we sit,suspended on a precipice, hoping that some South African salvage expert sees value in a rescue.

Best we go back to basics and so we recognise everyone�s handle, I suggest we revert to Bruce, tried and tested. For those partaking in a dram or two, witnessed by the incoherent meanderings, let�s have a rendition of the song, down a few for AIM and the sacrifices PI�s have made. https://youtu.be/l9SqQNgDrgg

Did that Mike with Ascot years ago, didn't work, ditched. Do you read RNS's or just the waste material your words are printed on.