“What’s happened here?” - Alex Borrelli has been in charge for 5½ years as of today. (Came in 23rd October 2014). I think that’s about all the explanation anyone needs. I’m not sure how anyone can blame anyone else for the outcome here.
“Do I have some shares in Jubilee metals now?” - No, none at all. Shares in JLP in exchange for everything (at Kabwe) would’ve at least been somewhat palatable for most shareholders. But once again Alex Borrelli negotiated the terms so what more could we expect from the man that always ‘acts in the interest of shareholders’
BMR is pleased to have concluded the restructure with Galileo Resources PLC (“Galileo”), as announced earlier today by Galileo, further to the agreement reached in 2018. It also facilitates the agreement with Jubilee Metals Group PLC (“Jubilee”)...
All the resolutions that were voted on passed. That is public record the BMR website.
The decision not to vote on the 2nd set of resolutions was down to Colin Bird, who was present via speaker phone, spoke about changing the terms of the 2nd set of resolutions when he started talking about changing how the royalty would be paid out. This was unprompted and came as surprise to both AB and AGH.
The 2nd resolutions were no longer valid as the terms had changed. The decision not to proceed with that vote was agreed by all present.
Nothing to do with the accusation of drunken shareholders.
A cardboard cut out would’ve been more use over the last 5 years.
Ester - waste of money. How does tin mining in Portugal compliment a tailings business in Zambia? Kabwe - losing the licenses and failing to get funding sorted in the amount of time he had. ACI - $???k given away to never be seen again. JLP Deal - failed to get anything set in stone leading to complete uncertainty. Revelo - can’t find money for an EGM but can get the capital together to fund a exploration co. in Chile.
You keep backing Borrelli, he’s never let you down it would seem.
More concerned about the management of the actual BMR Group than I am of collective of proven shareholders striving to do what it can for shareholders, admittedly limitedly so.
Not sure how BMRW could be to blame for the position the co. is now in to be honest. You seem to be trying to some how blame BMRW for the co. where it finds itself in a precarious position whereby a director is threatening to liquidate the business because shareholders requested an EGM.
Not really, it shows that we listened to the wrong people and sat on our hands and allowed the company to slip away to satisfy fantasists and shills who came up with ever more ridiculous stories as to why we should keep biding our time. Secret buyers and other such guff. Laughable that we were so naive as to trust such blatant charlatans posing as like minded shareholders.
I have never said that myself. I have never been able to confirm that statement as being true. It was spread by a few fantasists and shills who’ve been wrong on so many things before that it’s hard to take anything they ever say seriously.