Member Info for KlueLoss

Just an oh so typical masterstroke from Alex Borrelli. Glad he is there looking out for shareholder interest never failing to be consistent when acting out his fiduciary responsibilities

https://www.investegate.co.uk/bmr-group-plc--bmr-/rns/agreement-with-blue-square-minerals-limited/201806040700060364Q/

Lakeshore Trading (previously Swan Logistics) dissolved 28.12.2021

Thought it may be of interest to some

https://find-and-update.company-information.service.gov.uk/company/04353199/filing-history

“The parties to the Settlement Agreement with the Company comprise Masoud Alikhani (its former Chairman) via an interim deputy as explained below, Mrs Barbara Alikhani (wife of Masoud Alikhani), Said Alikhani (a brother of Masoud Alikhani), Alberg Mining & Minerals Exploration Limited (a vendor of assets sold to BMR), Dominion Energy PLC (a company in which Masoud Alikhani was interested), ESV Group PLC (a further company in which Masoud Alikhani was interested), Ms Anita Carr (a former contractor of BMR) and Swan Logistics Limited (a company controlled by Ms Anita Carr) (together, the "Settlement Parties"), and Heathley Limited (a company of which Masoud Alikhani's son is an authorised signatory).”

Above taken from below link

https://www.proactiveinvestors.co.uk/companies/news/266215/todays-market-view-including-tertiary-minerals-petra-diamonds-and-berkeley-mineral-resources-17849.html

Alex Borrelli, the new ceo, who agreed the settlement for BMR was previously involved with Anturion which was recenlty ‘unable to comply with the financial reporting requirements of ISDX Growth Market Rule 44’ causing Anturion shares to be suspended on 2 June 2014. We wonder if Borrelli has seen this all before.

What are we in for lads?

Lasses?

If I’m left with just 1-5% of my original investment upon relisting then who am I to say that Alex Borrelli was lying when he said ‘the company has never been in a better position’

30:1 ‘Tis but a scratch

Just received annual report and notice of general meeting.

General meeting details

Monday 25th October, 9am at Fladgate LLP, 16 Great Queen Street, London, WC2B 5DG

No mention of the royalty in the resolutions.

Agreement to all resolutions will mean that the new management will choose what happens to the royalty, Bird has said at the last AGM and on phone calls that he would look into separating this to ensure pre delisting shareholders get some benefit. I take its omittance as a sign that the Royalty will not be separated. The only way a current shareholder was ever going to make a return is via The Royalty, sure it would take time but surely everyone is used to waiting. Instead it looks like a potential +80-90% drop in SP, massive dilution and unlikely (understatement) the closing SP (equivalent) will be seen.

We’ve been robbed as shareholders, for a second time. Instead of feigning Alzheimer’s the clown squad are going to enrich themselves further at our expense.

That each of the issued ordinary shares of £0.01 each in capital of the Company be and is hereby re-designated and sub-divided into one new ordinary share of £0.00001 each and one differed share of £0.00999 each in capital of the company.

AGM
10am Thursday 4th February
Venue
7/8 Kendrick Mews, London SW7 3HG

Nobody allowed to attend due to C-19 restrictions.

No, regrettably. Looks like it’s going to take off in a big way.

I can appreciate they’re ruthless and if I was a JLP shareholder I would be delighted with the actions of the board.

Being on the other side I have to question how Borrelli acted in shareholders interests and still has a role in the co. and also how Bird doesn’t/hasn’t had a conflict of interest throughout.

If JLP do well with KOL then we should potentially get something back here, maybe.

If I said what I felt towards him I would be in trouble. I’m hoping karma is a lot less kind than you suggest.

Comforting to know Alex Borrelli is still at BMR Group. Don’t know how we could have survived without him fighting our corner every step of the way.

I know that’s what should happen but I think Alikhani, Borrelli and now Bird have more than proven that shareholders are powerless hence why when we suggest something as reasonable as shares exchanged for the royalty it’s brushed off and ignored. Instead it’s easily substituted for some yet to be defined new project that no current shareholder invested for that may or may not succeed.

How JLP really seem to value and be excited about the prospects they’ve got a Kabwe whilst simultaneously Bird says the royalty isn’t worth anything of significance is just baffling to the point that it’s evident under no circumstance will actions be taken in future that will be for benefit of the current shareholders.

There is no reason for them to offer BMR shareholders anything. In reality BMR were stripped of all of their remaining value and JLP and GLR benefitted. Colin Bird is a crafty fat 8a5tard.

JLP own 29.01%
Colin Bird owns 0.15%
Alex Borreli owns 0.74%

So there’s 30% straight away.

Then another co. who were called Tiger Resources a co. that Bird is involved with (probably owns) owned a couple of % as well. The new person on the board appears to be from this co.

Add Peterhouse Capital who Borrelli raised capital through a couple of times then you can see they’ve got huge %.

Still if all shareholders got organised and agreed to take on the board then it could be done. (Voting Bird in/out)

This has all been stitched up a long time ago. Look at the timing, everything sorted in JLP favour and we’ll be offered the rope to hang ourselves but we’ll need to bring our own ladders.

Surprised Borrelli has gone and the co. hasn’t been liquidated. We were told that it was either Borrelli or administration/liquidation. Now we’ve got another complete unknown on the board and Bird now at the helm. Great.

Forgive and forget guys. No matter what’s coming just support it because... reasons

What could possibly go wrong?

Never blame the person who has been in charge for the last 6 years. Get angry at JLP/Bird/Leon for doing what any other right minded business would do given the opportunity to take a $2b asset without ever putting pen to paper or committing to any fixed dates and targets for returns on the Royalty you had dangled as a sweetener.

The person in charge For last 6ish years has shown time and time again that they’re to be trusted when it comes to acting in interest of shareholders - why would this next update not be totally worth backing blind? You have no choice if you don’t Borrelli will cry again about mean shareholders giving him a totally undeserved hard time and he might leave. If he leaves the co. is liquidated, if you try and remove and put someone in his place then that would be a takeover obviously, even though when Alikhani left and Borrelli took over that wasn’t classed as a takeover.

He tweets on average once every six months what more do you you guys want? Give him a break we’ve only been delisted 2 years.

Oh no, my hatred is spilling over. What’s wrong with me? Why don’t I just behave like an obsequious shill and pivot every time to support the co. like it’s a football team. At least if this was a football team the fans wouldn’t have put up with the ‘managers’ performance.

Honestly a cardboard cut out with a knotted handkerchief thrown on top of the head with sound board loaded with mealy mouthed generic borrelli statements would have been more effective in the last 6ish years.

? is seventh 1/7

£500k would be c. 0.15p in share value.

Around ? of 1p.

A million shares would be worth £1,500.

If you didn’t fight this as a shareholder you must have an ulterior motive. If you have fiduciary responsibilities for a co. then you might well be considered to be neglecting those responsibilities.

https://twitter.com/bmrgroupplc/status/1083028152379678720?s=21

JLP value Kabwe.

BMR willing to sell their share for pittance.

Borrelli needs to understand that shareholders can see that JLP appear to value Kabwe as a big deal for their co. and if he tries to sell for a pittance then how can each co. be so diametrically opposed on the asset that is Kabwe where the buyer thinks it has value and the seller does not. To have Borrelli negotiating for us from that above position is suicidal.

As per the tweet from 2019 - the royalty should be hived off until value is realised or a fair value offer is made.

“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’