I expect ........ (Rosey)8 Jun 2018 18:02
LC will keep BMR going so that their doddgy dealing in the past will remain with BMR and the BMR board. Since we do have a joint venture with them it makes sense to have a sufficient shareholding to have board presence so that we get wind off or can influence to avoid or nullify as far as possible any nasties BMR find themselves having to deal with.
Further if some costs arrive we must insist they do not accrue to the profits coming out of Kabwe but are attributable to BMR and are to be met out of BMR's share of the Kabwe bottom line. We are best placed to do this if we have BOD presence.
Hence my reference to using BMR as a buffer and holding them accountable for their own folly and requiring them to take the responsibility.
This kind of reasoning is behind my feeling that we were well aware of the Blue Square embarrassment coming down the line and set up the share thing so we could have a plan to work which wouldn't be seen as us taking the hit.
Hi Rosie,
I followed up on your posting history and picked out the BMR stuff. Yeh very insightful and frankly puts a huge question mark over the whole incident. Even for Zam it is unconventional and some one will ask LC what Blue Square were paid for and how much of it ended up in North London ...... at some time and he wont have an answere !!
Oh checked out your CV:
Eaton say they havn't heard of you:
but the University of Life have some mucky reference to you back in the 60s ...... something about spliffs , outrageous flairs and orgies in the students Union Building.
Go Rosie !!!
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