Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any idea where this news/update is? (Tweet below)
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”)...
Hard to believe it’s been 2 years since BMR managed to get their mining licence terminated by the Zambian mining cadastre.
Hard to get used to the co. being ‘in the best position it’s ever been in’ as reality seems to present the situation differently.
Alex Borrelli has kept his job for these last 2 years and we’ve really got to see first-hand what a capable driving force he can be for shareholders - of other companies.
We just need more patience and no doubt Borrelli will come up with the goods, if you forget all the times he has let us down then you’ll find he has yet to let us down.
The BMR BoD stance is that they’re waiting for JLP to update the market before they can advise shareholders one way or another.
Would it favour JLP to just drag this out until the licence comes to the end of its 10 year life(October 2020.)?
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The 2nd resolutions were no longer valid as the terms had changed.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.
Making****** up and not backing any of it up as always.
The onus is on you to prove that is the case. Should be easy enough, seems a very specific rule so I would imagine you can provide me several points of reference?
But the you and the gang get to take us to court with your ‘lawyers’ and get your investments back because an EGM was called? That’s how this works isn’t it?
You’re an actual joke Stuee
Did I just read that correctly? Are you suggesting any Copper found in Chile will be exported to Zambia?
Making millions shorting a stock that’s near enough doubled in last twelve months. Nothing gets past you.
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.
Somewhat coherent sentences make me think it’s not them.
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.
You seem obsessed with BringMyReward. Creepy.
What a character he was.
Definitely not.
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.
Nobody has taken ‘action’ against BMR.
Alex Borrelli is the only person who has intimated the possibility of liquidation. Then you’re the first person to then come onto the LSE boards and start discussing liquidation.
It doesn’t matter how many times you keep repeating the lie it’s not going to become the truth.
3CB - fellowship should be able to answer this.
Seems a perfectly legitimate question. Borrelli with a shareholding of 0.74% can just liquidate the co. if he is removed from his position. If left in place the co. continues at least as a going concern. Wonder what we’re not being told.
Don’t know how that looks to anyone else, but I’m certain of how it looks to me.